No longer on the market
This property is no longer on the market
Floorplans (
MapProperty
Property
6 beds
1863
EPC rating: C
Features and description
- 6 spacious bedrooms
- 2 en suite bedrooms
- 2 shared shower rooms with dual sinks & storage
- High occupancy rate: 96.20%
- Monthly rental income: £3,515
- Gross rent £42,180 noi £31,910 per year
- Gross yield: 10.7% 8.5% noi yield
- Off street parking & garage
- Close to local amenities & transport links
- Comprehensive expenses breakdown for noi
STYLISH 6-BEDROOM HMO WITH STRONG INCOME & 96% OCCUPANCY!
Located in the sought-after WS11 area, this fully licensed 6-bedroom HMO offers an exceptional investment opportunity with reliable, consistent returns. The property generates a gross rental income of £3,515/month (annual gross rent: £42,180), achieving a net operating income (NOI) of £31,910 annually. With 2 en-suites and 2 shared shower rooms—each with dual washbasins and storage—this property meets all modern living requirements.
Key features include a 96.20% occupancy rate and an impressive EPC rating of C (potential B), ensuring both tenant appeal and energy efficiency. Fully licensed, this HMO represents a secure, future-proof investment.
FINANCIAL BREAKDOWN:
Monthly Rental Income:
£3,515
Annual Gross Rent:
£42,180
Annual Operating Costs (Fully Comprehensive):
Utilities: £4,493
Council Tax: £2,660
Broadband: £785
Cleaning: £1,800
TV Licence: £170
Fire Alarm Servicing: £50
EICR (annualised): £10
PAT Testing (estimated): £50
Gas Safety Certificate: £70
HMO Licence (Cannock, annualised): £182
Total Annual Costs:
£10,270
Net Operating Income (NOI):
£42,180 (gross rent) – £10,270 (costs) = £31,910
What’s included in the NOI?
The NOI figure takes into account all operational and compliance costs, not just basic expenses, offering a complete view of the property’s profitability. This includes utilities, council tax, broadband, cleaning, TV licence, fire alarm servicing, EICR, PAT testing, gas safety certification, and HMO licence fees.
Gross Yield:
Based on the purchase price of £395,000:
Gross Yield: 10.7% (calculated as £42,180 annual rent / £395,000 purchase price)
Don’t miss out on this high-yield, fully licensed HMO in a sought-after area. Contact us today to schedule a viewing or find out more – your next great investment is waiting!
Located in the sought-after WS11 area, this fully licensed 6-bedroom HMO offers an exceptional investment opportunity with reliable, consistent returns. The property generates a gross rental income of £3,515/month (annual gross rent: £42,180), achieving a net operating income (NOI) of £31,910 annually. With 2 en-suites and 2 shared shower rooms—each with dual washbasins and storage—this property meets all modern living requirements.
Key features include a 96.20% occupancy rate and an impressive EPC rating of C (potential B), ensuring both tenant appeal and energy efficiency. Fully licensed, this HMO represents a secure, future-proof investment.
FINANCIAL BREAKDOWN:
Monthly Rental Income:
£3,515
Annual Gross Rent:
£42,180
Annual Operating Costs (Fully Comprehensive):
Utilities: £4,493
Council Tax: £2,660
Broadband: £785
Cleaning: £1,800
TV Licence: £170
Fire Alarm Servicing: £50
EICR (annualised): £10
PAT Testing (estimated): £50
Gas Safety Certificate: £70
HMO Licence (Cannock, annualised): £182
Total Annual Costs:
£10,270
Net Operating Income (NOI):
£42,180 (gross rent) – £10,270 (costs) = £31,910
What’s included in the NOI?
The NOI figure takes into account all operational and compliance costs, not just basic expenses, offering a complete view of the property’s profitability. This includes utilities, council tax, broadband, cleaning, TV licence, fire alarm servicing, EICR, PAT testing, gas safety certification, and HMO licence fees.
Gross Yield:
Based on the purchase price of £395,000:
Gross Yield: 10.7% (calculated as £42,180 annual rent / £395,000 purchase price)
Don’t miss out on this high-yield, fully licensed HMO in a sought-after area. Contact us today to schedule a viewing or find out more – your next great investment is waiting!
Property information from this agent
About this agent
Your Trusted Estate Agents in Walsall Welcome to RE/MAX Local Estate Agents, your premier estate agents. Whether you're looking to buy, sell, or rent a property, our experienced and dedicated team is here to provide you with exceptional service and expert advice. With a deep understanding of the Walsall housing market, we are committed to helping you achieve your property goals. Explore our services dedicated to serving the vibrant communities of Walsall, Brownhills, Cannock, Pelsall, Bloxwich, and Aldridge. Our team of seasoned agents are passionate about assisting you in finding, securing, or selling a property in these dynamic neighbourhoods. As an ARLA Propertymark Protected agency with full MARLA status, we’re proud to deliver fully compliant, professionally qualified service to our landlords and tenants. Our membership ensures we stay updated on legislation and follow a strict code of practice for total peace of mind. Contact us today for a free property valuation and expert advice.