4 bedroom terraced house for sale

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4 bedroom terraced house for sale

Tangmere Drive, Birmingham
£240,000

Price History

Initial price £245,000
10/08/24 £240,000
Price Change -2.04%

Description

This 4-bedroom, 4-en-suite HMO property in Castle Vale has been fully renovated in 2019 and is generating a monthly income of £2,250, equivalent to £27,000 per annum. The property features a spacious open-plan kitchen/living area, four double bedrooms, and four generous en-suites with shower cubicles. The property also boasts a large stoned rear garden with a storage shed. The HMO has been well-maintained and has been rented to professionals for the past four years with minimal voids. The property is located in a great area with off-street parking and a gravelled, low-maintenance driveway. With a gross yield of 11%, this property presents a great investment opportunity. Viewings are highly recommended to appreciate the quality of the property and its potential for continued rental income.