Mere Road, Birmingham, B23
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
5
- SIZE
1,336 sq ft
124 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- A fully tenanted 6-bedroom, 5-bathroom HMO
- Annual Gross income £40,980
- No Chain
- Monthly income £3,415
- Freehold
- EPC D, Council Tax B
- Fully licenced
- Great transport Links
- Fully furnished sold as seen
Description
Genie Homes is delighted to present this fantastic investment opportunity on Mere Road, Birmingham!
Offering an impressive 1,335 sq. ft. of accommodation, this substantial terraced property is an excellent opportunity for investors looking to acquire a ready-made, income-generating HMO.
The property boasts six well-proportioned bedrooms and five bathrooms, comprising four private en-suites and one shared bathroom serving the remaining two bedrooms. This practical layout makes it particularly attractive to working professionals seeking comfortable and convenient accommodation.
Already generating an impressive £3,380 per calendar month (£40,560 per annum) in gross rental income, the property offers an established income stream from completion. Even better, it is fully tenanted by working professionals, meaning a new owner can benefit from rental income from day one.
Location is another major selling point. Mere Road is ideally positioned for access to Birmingham City Centre, with its extensive range of employment opportunities, shopping, restaurants and leisure facilities. The property also benefits from convenient transport links and access to major road networks, including the M6 and M5 motorways, making it an appealing location for professionals commuting within Birmingham and further afield.
Additional benefits include:
Impressive 1,335 sq. ft. of accommodation.
Six well-appointed bedrooms.
Five bathrooms in total.
Four private en-suite bathrooms.
One shared bathroom serving two bedrooms.
Fully occupied by working professional tenants.
Current gross rental income of £3,380 PCM.
Annual gross rental income of £40,560.
Freehold tenure.
Being sold with NO CHAIN.
Licence number BCC-
Whether you're an established landlord looking to strengthen your portfolio or an investor seeking a property with an existing rental income, this is an opportunity worth serious consideration.
With six bedrooms, an established professional tenant base and £40,560 in annual gross rental income, this property offers an exciting addition to any investment portfolio. Don't miss out – contact Genie Homes today to arrange your viewing!
EPC Rating: D
Rental Breakdown
Rental Rm 1 £595 Ensuite Rm 2 £595 Ensuite Rm 3 £575 Ensuite Rm 4 £450 Shared bathroom Rm 5 £450 Shared bathroom Rm 6 £750 Ensuite Monthly income £3,415 Annual income £39,960
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
About Genie Homes, Birmingham
1668 Bristol Road South Rubery Rednal Birmingham B45 9TY
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 2112e952-c8c8-4fa8-ae5e-d84d50f60121. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Genie Homes, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.