22/22A McKean Road, Oldbury, West Midlands, B69 4AY
- Unconditional Online Sale
- Offers in Excess of : £510,000
- Bedrooms: 7
- Bathrooms: 7
- Reception Rooms: 1
Fully licensed 7-Unit All-Ensuite Property (6 HMO Rooms + Flat) | £61,764 Annual Income | 12.11% Gross Yield | Prime Oldbury Location | Professional Tenants | Excellent Rail & M5/M6 Links
Description
This well-presented, fully licensed 7-bedroom investment property—comprising six ensuite HMO rooms and a self-contained ground floor flat with ensuite facilities—offers a compelling high-yield investment opportunity in a prime Oldbury location. Tenanted by working professionals, the property generates £61,764 in annual rental income, delivering an impressive gross yield of 12.11% with stable occupancy and dependable cash flow. Offering a versatile accommodation layout with diversified rental income, the property is ideally positioned close to major employers, retail centres, and a wide range of local amenities, supporting consistent demand from professional tenants. Excellent rail and bus connections to Birmingham and Wolverhampton, together with convenient access to the M5 and M6, further enhance its appeal to commuters and working professionals. Supported by ongoing investment in Sandwell's town centres, housing developments, and transport infrastructure, the area is well positioned for sustained tenant demand and future growth. This asset represents a resilient, income-generating investment with outstanding yield potential and attractive long-term growth prospects in one of the West Midlands' most strategically connected rental markets.
Income Breakdown (Monthly)
| Room 1: £649 |
| Room 2: £699 |
| Room 3: £799 |
| Room 4: £675 |
| Room 5: £625 |
| Room 6: £825 |
| Flat: £875 |
| Total Monthly Income: £5,147.00 |
| Total Annual Income: £61,764.00 |
Expenditure Breakdown (Monthly):
| Gas and Electric: £335 |
| Water: £26 |
| Council Tax: £118 |
| TV Licence: £14 |
| Broadband: £29 |
| Management: £522 |
| Total Monthly Expenditure: £1,044.00 |
| Total Annual Expenditure: £12,527.00 |
Investment Performance:
| Net Annual Income: £49,237 |
| Gross Yield: 12.11% |
| Net Yield: 9.65% |
Committed Sale Process
This property is offered for sale via the HMO X Committed Sale process. Buyers are advised to review the full Terms & Conditions of sale and all documentation contained within the legal pack before making an offer.
If your offer is accepted, a £3,500 reservation deposit will be required to secure the property and remove it from the market. The deposit is not a buyer’s fee and will be credited toward the purchase price on exchange.
Full details of the Committed Sale process are available within the legal pack or from the HMO X team.
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