An excellent opportunity to acquire a versatile property on Slade Road in the popular Erdington area. Previously operated as a five-bedroom HMO, the property benefits from an existing Lawful Development Certificate (LDC). Currently let on a 5 year lease to a supported living company under C3 residential use. The property has been reconfigured and is being utilized as a four-bedroom house, generating a rental income of £1,600 per calendar month. For investors, the property offers strong...
An excellent opportunity to acquire a versatile property on Slade Road in the popular Erdington area. Previously operated as a five-bedroom HMO, the property benefits from an existing Lawful Development Certificate (LDC). Currently let on a 5 year lease to a supported living company under C3 residential use. The property has been reconfigured and is being utilized as a four-bedroom house, generating a rental income of £1,600 per calendar month.
For investors, the property offers strong potential:
Can be operated as a four-bed HMO in its current configuration.
With improvements to loft access, the property could be reinstated as a five-bed licensed HMO, increasing rental yield and long-term return.
Located close to local amenities, transport links, and major routes into Birmingham City Centre, this property represents an appealing purchase for landlords, developers, or buyers seeking a spacious home with scope to add value.