Mill Road, Shelfield

TWO LICENSED HMOS – 11 ROOMS, STRONG INCOME, SOLD AS ONE INVESTMENT

A unique opportunity to acquire two fully licensed adjoining HMOs, sold together as a single investment package. Located on Mill Road in the popular WS4 area, this combined offering comprises a total of 11 bedrooms (including 9 en-suites) across two separate titles, offering a rare chance to secure a high-performing, fully occupied investment in one transaction.

The properties together generate a gross rental income of £6,165/month (£73,980 annual gross), achieving a net operating income (NOI) of £60,133 annually after comprehensive running costs. These HMOs are licensed individually and meticulously maintained, providing hassle-free, high-yield returns in a sought-after location.

PROPERTY BREAKDOWN:

16 Mill Road, WS4 1RH

5 bedrooms (all en-suites, created from 6 original rooms—easy to reinstate if desired)

Spacious kitchen and communal areas

Modern fixtures and fittings

18 Mill Road, WS4 1RH

6 bedrooms (4 en-suites)

Well-maintained communal facilities

Bright, welcoming spaces

FINANCIAL BREAKDOWN:

Monthly gross rental income: £6,165

Annual gross rental income: £73,980

Annual operating costs: £13,847

Net operating income (NOI): £60,133

The comprehensive NOI covers all running and compliance costs, including utilities, council tax, broadband, cleaning, TV licence, safety certifications, and HMO licensing.

INVESTOR VALUATION (YIELD-BASED):

Selling price: £745,000

Gross yield: 9.93%

NOI yield: 8.07%

EPC RATINGS:
EPC rating: 77 (current)
EPC potential: 85 (future)
Same ratings for both 16 and 18 Mill Road

ADDITIONAL INVESTMENT OPPORTUNITY:
For investors seeking to build a comprehensive HMO portfolio, these properties can be purchased together with 59 Hobby Way, WS11 7JY—an exceptional 6-bedroom licensed HMO. For more details, search 59 Hobby Way, WS11 7JY or ask the agent for further information.

Important Notice - Article 4 - Article 4 Direction Coming October 2025, This area is due to fall under an Article 4 Direction from October 2025, meaning planning permission will be required to convert properties into HMOs (Houses in Multiple Occupation).

Currently, under Permitted Development Rights, smaller HMOs (up to 6 occupants) can be created without full planning permission. Once Article 4 takes effect, this flexibility will be removed.

Buy now and secure this opportunity before the restrictions come into force.

Don’t miss this standout dual HMO package at 16 & 18 Mill Road—high occupancy, strong returns, and comprehensive NOI coverage. These properties offer secure, low-hassle investing in a prime location. Contact us today to arrange your viewing!