Summary - 129 WILLES ROAD BIRMINGHAM B18 4QA
5 bed 5 bath Not Specified
Immediate rental income with three months’ rent paid on completion to boost cashflow.
20% net yield with £62,000 net annual income
This is a high-yield, hands-off investment in Handsworth, Birmingham, offering a genuine 20% net yield and freehold title. The mid-terrace Edwardian property has been fully renovated and furnished as a five-bedroom unit, each bedroom with its own en-suite, and is let on a five-year lease to an established accommodation provider. Rent is paid monthly net to the owner (£5,166 pcm / £62,000 pa) with a three-month rent incentive (£15,500) paid on completion for immediate cashflow.
The lease structure transfers most operational responsibilities to the tenant: utilities, council tax, and general internal repairs are stated as tenant liabilities, creating a largely passive income stream. The property is marketed as turnkey, fully tenanted with no voids and no management fees, suited to investors seeking immediate, predictable returns rather than hands-on property management.
Important cautions for buyers: the investment has only three years remaining on the demonstrable effective income timeline beyond initial receipts and the tenancy is fixed at five years — mortgage lenders may refuse finance against this arrangement. The area has very high recorded crime and very high deprivation; on-street parking only and no step-free access. There is also a non-refundable buyer’s exclusivity fee and recommended due diligence on licensing and lender acceptability before purchase. Cash buyers or those confident of lender approval will be best placed to proceed.
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