Florence Road, Acocks Green, Birmingham, West Midlands
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
6
- SIZE
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- 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
- 34 Florence Road, Birmingham is a 6-bedroom, 6-bathroom HMO, generating an annual income of £46,440.
- Offers a net yield of 7.26%, making it a highly attractive investment.
- Property underwent an extensive conversion in 2019, ensuring modern appeal and high occupancy.
- Managed by a specialist HMO management agent, ensuring hassle-free oversight and steady income.
- Located in Acocks Green, a vibrant suburb with excellent transport links to Birmingham city centre.
- Benefits from ongoing local regeneration projects, contributing to rising property values.
- Close to amenities including shopping centres, parks, and leisure facilities, enhancing tenant appeal.
- Strong tenant demand driven by Birmingham’s robust economy and proximity to key employment hubs.
Description
Investment Opportunity at 34 Florence Road, B27 6LW
Located in the vibrant and well-connected suburb of Acocks Green, Birmingham, 34 Florence Road offers a prime investment opportunity. This 6-bedroom, 6-bathroom HMO has been expertly developed and maintained since its extensive conversion in 2019. Each room is designed to appeal to working professionals, ensuring high occupancy levels and steady rental income. Managed by a specialist HMO management agent, this property generates an impressive annual income of £46,440, with a net yield of 7.26%, making it a highly attractive investment.
Acocks Green is known for its excellent transport links, providing direct access to Birmingham city centre, which is just a short commute away. The suburb is currently benefiting from regeneration projects aimed at enhancing infrastructure and public spaces, which are contributing to rising property values. With a strong local economy, driven by key sectors such as finance, technology, and healthcare, tenant demand in the area remains robust. Florence Road's proximity to a variety of local amenities, including shopping centres, parks, and leisure facilities, further enhances its appeal to tenants, ensuring a stable and profitable investment for years to come.
Income Breakdown (Monthly):
Room 1: £649.00
Room 2: £649.00
Room 3: £649.00
Room 4: £599.00
Room 5: £625.00
Room 6: £699.00
Total Monthly Income: £3,870.00
Annual Income: £46,440.00
Expenditure Breakdown (Monthly):
Gas: £240.00
Electric: £240.00
Water: £88.00
Council Tax: £135.00
TV License: £15.00
Broadband: £43.20
Cleaner: £88.00
Management: £300.00
Total Monthly Expenditure: £1,149.20
Annual Expenditure: £13,790.40
Net Annual Income:
£32,649.60 (calculated as Total Income - Total Expenditure)
Gross Yield: 10.32% (calculated as Annual Income / Sale Price)
Net Yield: 7.26% (calculated as Net Annual Income / Sale Price)
Commentary:
The room rates and expenditure figures are based on current data. The property's financial performance indicates a gross yield of 10.32% and a net yield of 7.26%, reflecting its potential as a valuable investment. This financial summary assumes no vacancy periods or additional costs beyond those listed, which could impact net income and yield calculations.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Florence Road, Acocks Green, Birmingham, West Midlands
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Acocks Green Station0.3 miles
- Tyseley Station1.0 miles
- Spring Road Station1.1 miles
Notes
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