6 bed terraced house for sale

Victoria Road, Birmingham B23

An amazing opportunity to acquire this six bedroom property situated in a popular and convenient residential location. The property features six bedroom self contained flats, a further separate kitchen and laundry room on the ground floor, and a good size well maintained garden.
The property has been well maintained and fully occupied with long term professional tenants and currently generates around £3200 per month.
The property is ready to move into with tenants already in situ and viewings are highly recommended to appreciate the quality and size of accommodation on offer.
Situated in a popular and convenient residential location which offers easy access to local amenities, transport links and school catchment area as well as being a short drive from Erdington High Street, and from the motorway network.
This would represent an ideal purchase for an investor with a current yield of around 11% which we have been informed by the vendor will increase to around 13% when rooms are let out at the current market rate.

Property Ownership Information

Tenure

Freehold

Council Tax Band

A

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.