6 bedroom house of multiple occupation for sale

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6 bedroom house of multiple occupation for sale

Birmingham Road, Lichfield, Staffordshire
£395,000

Price History

Initial price £450,000
13/03/25 £420,000
03/04/25 £395,000
Price Change -12.22%

Description

This attractive HMO investment opportunity is located in Lichfield, a historic and affluent city in Staffordshire, with a strong economy and thriving rental market. The 6-bedroom property is fully tenanted by working professionals and benefits from its proximity to the city center, shops, schools, and healthcare facilities. The property generates a monthly income of £2,509 and annual income of £30,108, with a gross yield of 7.62% and net yield of 6.16%. With low operating costs and potential for future expansion, this property represents a low-risk, high-return investment in a desirable location. The city's ongoing regeneration projects and strong infrastructure contribute to its long-term investment viability, making it an excellent choice for HMO investors.