REF_HKI1077

LEASE OPTION - LARGE HMO POTENTIAL

OLDBURY, WEST MIDLANDS
5 BED TERRACE HOUSE

NO LONGER AVAILABLE

Option Price: 

Term:

Option Deposit:

Option Payments PCM: 

Est. Gross Rental Income PCM: 

Est. NET Profit PCM:

 

£180,000

6 years

£1

£1,000

£1,725

£324

We are proud to offer a fantastic lease option opportunity located in Oldbury, West-Midlands. 

 

The option to purchase is set over 6 years, which allows you to secure the property at today’s price without finance for the option term. This enables you to benefit from capital growth as well as surplus rental income during the 6 year term.  

The property is set in a quiet residential road, located close to local amenities. 

The property boasts 5 bedrooms each with their own shower cubicles and WC's, plus their is a communal kitchen, rear garden and driveway.

The property could benefit some modernisation so to maximise income and occupancy if operated as a small/large HMO.  

Licencing is subject to application and approval.

KEY FEATURES

Freehold House

5 Bedrooms -

(each with ensuite shower & WC)

Potential to licence as a 5 bed HMO

Off Street Parking

Close to local amenities

EPC Rating: C69

 

DUE DILIGENCE

Oldbury, B69

FINANCIALS:

based on 5 bed licenced HMO

We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments or otherwise before making any commitment to participate. Click here for full disclaimer

Hotkey Invest An experienced and dynamic investment house here to help you develop your property investment strategy.
Hotkey Invest,
4 High Street, Wem, Shrewsbury, SY4 5AA
DISCLAIMER
IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that:  1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor.  2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.  3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate.  Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property.  5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs.  6.  Floor plans are indicative only and should not be relied on.  7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on.  8.  All dimensions, floor areas and site areas are only approximate and should not be relied on.  Dimensions are generally maximum room dimensions.  9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice.  10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate.  11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.
 
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