£745,000
11 bedroom house for sale
Mill Road, Shelfield WS4
house 
11 bedrooms Property description
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!
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!
Property photos
Interested in this property?
Check Your Credit Report & Score 
Council tax
First listed
YesterdayEnergy Performance Certificate
Mill Road, Shelfield WS4
Marketed by
RE/MAX Elite - Walsall 549 Bloxwich Road Walsall, West Midlands WS3 2XDCall agent on 01922 312053
Placebuzz mortgage repayment calculator
Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Mill Road, Shelfield WS4 - Streetview
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by RE/MAX Elite - Walsall. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact RE/MAX Elite - Walsall for full details and further information.
property_vrec_1