£745,000
(£215/sq. ft)
11 bed property for saleMill Road, Shelfield WS4
11 beds
9 baths
2 receptions
3,466 sq. ft
EPC Rating: C
Freehold
About this property
Two separately licensed hmos sold together
11 bedrooms (9 en-suites) across both properties
Gross rental income: £6,165 pcm (£73,980 annual)
Net operating income (noi): £60,133
High occupancy rate: 99.45% in 2024
Gross yield: 9.93% and noi yield: 8.07%
Comprehensive noi covers all running and compliance costs
Off-street parking & excellent tenant facilities
Ready-made investment
EPC rating 77 (potential 85) for both properties
Two licensed hmos – 11 rooms, strong income, sold as one investment
A unique opportunity to acquire two fully licensed adjoining HMOs, sold together as a single investment package. Located on Mill Road in the popular WS4 area, this combined offering comprises a total of 11 bedrooms (including 9 en-suites) across two separate titles, offering a rare chance to secure a high-performing, fully occupied investment in one transaction.
The properties together generate a gross rental income of £6,165/month (£73,980 annual gross), achieving a net operating income (noi) of £60,133 annually after comprehensive running costs. These HMOs are licensed individually and meticulously maintained, providing hassle-free, high-yield returns in a sought-after location.
Property breakdown:
16 Mill Road, WS4 1RH
5 bedrooms (all en-suites, created from 6 original rooms-easy to reinstate if desired)
Spacious kitchen and communal areas
Modern fixtures and fittings
18 Mill Road, WS4 1RH
6 bedrooms (4 en-suites)
Well-maintained communal facilities
Bright, welcoming spaces
financial breakdown:
Monthly gross rental income: £6,165
Annual gross rental income: £73,980
Annual operating costs: £13,847
Net operating income (noi): £60,133
The comprehensive noi covers all running and compliance costs, including utilities, council tax, broadband, cleaning, TV licence, safety certifications, and HMO licensing.
Investor valuation (yield-based):
Selling price: £745,000
Gross yield: 9.93%
noi yield: 8.07%
EPC ratings:
EPC rating: 77 (current)
EPC potential: 85 (future)
Same ratings for both 16 and 18 Mill Road
additional investment opportunity:
For investors seeking to build a comprehensive HMO portfolio, these properties can be purchased together with 59 Hobby Way, WS11 7JY-an exceptional 6-bedroom licensed HMO. For more details, search 59 Hobby Way, WS11 7JY or ask the agent for further information.
Important Notice - Article 4
Article 4 Direction Coming October 2025, This area is due to fall under an Article 4 Direction from October 2025, meaning planning permission will be required to convert properties into HMOs (Houses in Multiple Occupation).
Currently, under Permitted Development Rights, smaller HMOs (up to 6 occupants) can be created without full planning permission. Once Article 4 takes effect, this flexibility will be removed.
Buy now and secure this opportunity before the restrictions come into force.
Don’t miss this standout dual HMO package at 16 & 18 Mill Road-high occupancy, strong returns, and comprehensive noi coverage. These properties offer secure, low-hassle investing in a prime location. Contact us today to arrange your viewing!
A unique opportunity to acquire two fully licensed adjoining HMOs, sold together as a single investment package. Located on Mill Road in the popular WS4 area, this combined offering comprises a total of 11 bedrooms (including 9 en-suites) across two separate titles, offering a rare chance to secure a high-performing, fully occupied investment in one transaction.
The properties together generate a gross rental income of £6,165/month (£73,980 annual gross), achieving a net operating income (noi) of £60,133 annually after comprehensive running costs. These HMOs are licensed individually and meticulously maintained, providing hassle-free, high-yield returns in a sought-after location.
Property breakdown:
16 Mill Road, WS4 1RH
5 bedrooms (all en-suites, created from 6 original rooms-easy to reinstate if desired)
Spacious kitchen and communal areas
Modern fixtures and fittings
18 Mill Road, WS4 1RH
6 bedrooms (4 en-suites)
Well-maintained communal facilities
Bright, welcoming spaces
financial breakdown:
Monthly gross rental income: £6,165
Annual gross rental income: £73,980
Annual operating costs: £13,847
Net operating income (noi): £60,133
The comprehensive noi covers all running and compliance costs, including utilities, council tax, broadband, cleaning, TV licence, safety certifications, and HMO licensing.
Investor valuation (yield-based):
Selling price: £745,000
Gross yield: 9.93%
noi yield: 8.07%
EPC ratings:
EPC rating: 77 (current)
EPC potential: 85 (future)
Same ratings for both 16 and 18 Mill Road
additional investment opportunity:
For investors seeking to build a comprehensive HMO portfolio, these properties can be purchased together with 59 Hobby Way, WS11 7JY-an exceptional 6-bedroom licensed HMO. For more details, search 59 Hobby Way, WS11 7JY or ask the agent for further information.
Important Notice - Article 4
Article 4 Direction Coming October 2025, This area is due to fall under an Article 4 Direction from October 2025, meaning planning permission will be required to convert properties into HMOs (Houses in Multiple Occupation).
Currently, under Permitted Development Rights, smaller HMOs (up to 6 occupants) can be created without full planning permission. Once Article 4 takes effect, this flexibility will be removed.
Buy now and secure this opportunity before the restrictions come into force.
Don’t miss this standout dual HMO package at 16 & 18 Mill Road-high occupancy, strong returns, and comprehensive noi coverage. These properties offer secure, low-hassle investing in a prime location. Contact us today to arrange your viewing!
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