6 bed terraced house for sale

Chester Road, Erdington B24

Investor Opportunity – Fully Tenanted 6-Bed, 6-Bath HMO | Strong 12.5% Gross Yield

A standout opportunity to acquire a well-established and fully operational six-bedroom, six-bathroom HMO on Chester Road, Erdington. This is a fully tenanted, income-producing asset delivering immediate returns from day one - a true turnkey investment.

Currently generating £3,750 per calendar month (including garage rental), the property delivers an impressive annual income of approximately £45,520 and a strong gross yield of circa 12.5%. With long-term tenants already in place, the property benefits from consistent occupancy and minimal void risk, making it an attractive hands-off investment.

The property has recently benefitted from light cosmetic improvements, including repainting in key areas, and is presented in solid condition throughout, ready for continued income performance.

Positioned in a high-demand rental location, Chester Road offers excellent connectivity with quick access to the M6, M5 and M42 motorway networks, alongside regular transport links into Birmingham City Centre. The area also provides a strong tenant base, supported by a wide range of local shops, amenities and services within close proximity.

This is a rare chance to secure a high-yielding, income-producing HMO in a consistently popular and well-connected location, with strong fundamentals already in place.

Opportunities of this calibre and yield profile rarely remain available for long - early enquiries are strongly advised.

Property Description

Exceptional Investment Opportunity – Fully Tenanted 6-Bed, 6-Bath HMO with Garage | Erdington, Birmingham

We are delighted to present this substantial and fully tenanted six-bedroom, six-bathroom HMO located on Chester Road, Erdington. Offering an immediate and reliable income stream from day one, this turnkey investment is ideally suited to both established and portfolio investors seeking strong, consistent returns with minimal management input.

Investment Highlights
Fully tenanted with established occupants in place
Current income: £3,710 per calendar month
Annual income: £44,520
Strong gross yield: Approx. 12.5%
Includes garage rental income
Self-managed by current owners
Minimal void periods and stable occupancy profile
Prime Location

Situated in a highly accessible and well-connected area of Erdington, the property benefits from excellent transport links with easy access to the M6, M5 and M42 motorway networks, along with regular routes into Birmingham City Centre.

A wide range of local amenities, shops and services are all within close proximity, making this a consistently strong rental location with sustained tenant demand.

Property Overview

The property is well configured as a compliant and functional HMO, offering six well-proportioned rooms, each designed with tenant convenience in mind.

Ground Floor
Bedroom 1 – front aspect with private shower room/WC (key-coded access)
Bedroom 2 – rear aspect with private shower room/WC (key-coded access)
Large modern fitted kitchen with two ovens, two gas hobs, washing machine and tumble dryer
Communal living/dining area to the rear
First Floor
Bedroom 3 – en-suite, front aspect
Bedroom 4 – shower room with separate WC (key-coded access), rear aspect
Bedroom 5 – en-suite, rear aspect
Bedroom 6 – shower room with WC (key-coded access)
Second Floor
Additional bedroom with en-suite facilities, dual aspect (front and rear)
Additional Information
EPC: D
Council Tax Band: C
HMO Licence: Approved for 6 persons / 6 households
Fully compliant layout with strong occupancy configuration
Room Sizes
Room 1 (gf): 14.26 sqm
Room 2 (gf): 11.68 sqm
Room 3 (1F): 18.17 sqm
Room 4 (1F): 11.30 sqm
Room 5 (1F): 16.96 sqm
Room 6 (2F): 13.77 sqm
Kitchen: 15.70 sqm
Summary

A rare opportunity to acquire a high-yielding, fully operational HMO in a strong rental location, delivering immediate income and long-term stability. Properties of this calibre and yield profile are seldom available and attract strong investor interest.

Early viewing and enquiries are strongly recommended.

Rental Breakdown

Room 1 Double with shower in room and toilet/washbasin outside the room solely for room1
Room 2 Double with shower in room and toilet/washbasin outside the room solely for room 2
Room 3 double with ensuite
Room 4 Double with shower in room and toilet/washbasin outside the room solely for room 4
Room 5 Double with washbasin in room ( bathroom with shower toilet and washbasin)
Room 6 Double with en-suite

Room 1: £560
Room 2: £550
Room 3: £620
Room 4: £560
Room 5: £600
Room 6: £670
Garage: £150

Rental + Garage rental £3,750
Annual Income £45,000

Gross Yield 12.5%

Buyer Fee And Reservation

Genie Homes pride ourselves on our simple and secure buying process.

This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price.

Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property.

Once you have viewed the property, we will ask you for feedback.

If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market within 2 working days of your offer.

Please note: Should the property purchase not complete, the reservation fee will be refundable in only these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)

The benefits of a buyers fee to the buyer are:

- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.

- This approach allows you to secure the property and start the conveyancing process
quickly.

- Reservation of the property removes the element of competitive bidding and also the possibility of being
gazumped.

- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.

All of these elements provide peace of mind from the outset, along with our personal and proactive approach.

We look forward to hearing from you soon.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.

Tenure - Freehold

Possession - Tenanted

Viewings - Strictly by appointment through Genie Homes