Summary - 13, Frances Road, Erdington B23 7LD
6 bed 2 bath Terraced
**Standout Features:**
- Victorian mid-terrace house with architectural charm
- Conversion opportunity with 6 bedrooms and 2 bathrooms
- Currently licensed as a HMO, generating £39,000 annual rental income (12% yield)
- Turnkey investment with multiple tenancies in place
- Fast broadband and excellent mobile signal
- Small garden and compact kitchen-dining area
- Convenient local amenities and good school ratings nearby
**Potential Concerns:**
- High crime rate in the area
- Solid brick walls with no insulation
- Potential exterior maintenance needs due to age
- Kitchen appliances require updating
This Victorian terraced home offers a unique investment opportunity for both seasoned landlords and new investors. With an impressive annual rental income of £39,000, this fully licensed HMO is configured for maximum yield, providing reliable cash flow from day one. The property boasts six bedrooms, making it ideal for young professionals or students within the local young ethnic community. While the home exudes character with its bay windows and vintage exterior, it may require some updates, particularly in the kitchen.
Located in a vibrant area with easy access to local amenities and schools with good Ofsted ratings, this property balances traditional charm with functional living. Despite its current high crime rate and age-related maintenance needs, the prospects for rental yield and future renovations make it a compelling choice for investors. This property won't last long in the market—envision your potential in this high-yielding asset today!
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