HMO Portfolio — Erdington, Birmingham, B23 & B24

Overview

A portfolio of six freehold HMOs in Erdington, North Birmingham, let and managed as supported accommodation and producing a passing rent of £380,393 per annum — a 17.49% gross yield at the £2,175,000 asking price. The portfolio comprises 29 lettable rooms across six houses on Frances Road (×3), Slade Road, Queens Road and Alleyne Road, spanning the B23 and B24 postcode districts, all fully tenanted under established management arrangements. The portfolio is offered as a straight asset purchase of the six properties — no company or SPV structure is involved in the sale.

Investment highlights

• Six freehold HMOs — 29 lettable rooms — across the B23 and B24 postcode districts of Erdington, Birmingham
• Passing rent of £380,393 per annum (£31,699 per calendar month) — a 17.49% gross yield at asking
• Fully tenanted supported accommodation with established, hands-off management arrangements in place
• Clean asset sale of the six properties — no SPV or company purchase involved
• Erdington sits four miles from Birmingham city centre with Cross-City line rail links and consistently strong room demand
• Best suited to operators established in the supported-living sector — full schedule and income breakdown in the investment pack

The numbers

Asking Price: £2,175,000 | Passing Rent: £380,393 pa | Gross Yield: 17.49% | Properties: 6 | Rooms: 29 | Tenure: Freehold

Rent schedule

• Frances Road, B23 — three houses — 5 rooms each — £5,465 pcm per house
• Slade Road, B23 — 4 rooms — £4,372 pcm
• Queens Road, B23 — 5 rooms — £5,465 pcm
• Alleyne Road, B24 — 5 rooms — £5,465 pcm
• Total — 29 rooms — £31,699 pcm / £380,393 per annum