5 Bed HMO, Birmingham, B29 7AJ, £350,000

Lime Avenue, Selly Oak, B29 7AJ - 4 views - a year ago

HMO
ROI: 3%
~178 m²
+1 photos

ValuationUndervalued

Sold Prices£200K - £900K
Sold Prices/m²£1.8K/m² - £4.2K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2K/m²

Value Estimate

£434,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Room Rate

£485

Gross Rent

£2,425

Running Costs/mo

£2,182

Cashflow/mo

£243

Cashflow/yr

£2,921

ROI

3%

Gross Yield

8%

Local Sold Prices

23 sold prices from £200K to £900K, average is £556K. £1.8K/m² to £4.2K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£425K02/210.21 mi26, Bournbrook Road, Birmingham, West Midlands B29 7BJ5
£685K10/220.24 mi42, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU5
£410K09/200.28 mi78, Dale Road, Birmingham, West Midlands B29 6AG5
£400K06/210.29 mi216, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£260K07/210.34 mi278, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£730K02/230.36 mi142, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH5
£200K02/210.37 mi6, Lottie Road, Selly Oak, Birmingham, West Midlands B29 6JZ5
£710K03/220.41 mi344, Bristol Road, Birmingham, West Midlands B5 7SN5
£795.5K05/230.46 mi41a, Upland Road, Selly Park, Birmingham, West Midlands B29 7JS5
£630K03/220.48 mi336, Bristol Road, Birmingham, West Midlands B5 7SN5
£725K03/210.56 mi31, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£900K08/220.56 mi15, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£725K03/210.56 mi31, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£620K06/210.57 mi49, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH5
£228K02/230.59 mi28, Rachel Gardens, Birmingham, West Midlands B29 6NY5
£280K06/210.7 mi960, Pershore Road, Selly Park, Birmingham, West Midlands B29 7PU5
£383.3K01/230.71 mi6, Brookvale Mews, Selly Park, Birmingham, West Midlands B29 7HP5
£294K05/210.75 mi146, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£302K11/200.75 mi142, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£685K11/200.86 mi57, Linden Road, Bournville, Birmingham, West Midlands B30 1JT5
£246.5K03/210.88 mi9, Bideford Drive, Selly Oak, Birmingham, West Midlands B29 6QG5
£570K08/230.92 mi51, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QZ5
£556K10/210.98 mi267, Moor Green Lane, Birmingham, West Midlands B13 8QR5

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £350,000

January 22, 2024

Description

  • Let Till June 2025 +
  • Fantastic Investment Opportunity +
  • Huge Open Plan Kitchen Area +
  • Very close to the University of Birmingham +
  • High Demand & Lucrative Returns +
  • 3D Virtual Tour Available +

* INVESTMENT OPPORTUNITY*-  Student Property- Currently Let Until June 2025

Prime Student HMO Property for Sale - Lime Avenue, Selly Oak
Your Gateway to Investment Success with Easy Letting Birmingham Ltd

Calling all astute landlords and aspiring investors! Brace yourself for an unparalleled opportunity. Presenting a stellar 5-bedroom House of Multiple Occupancy (HMO) property situated at Lime Avenue in the heart of Selly Oak.

Property Highlights:  5 Double Bedrooms, 2 Bathrooms: Step into a fully furnished haven boasting 5 spacious double bedrooms and 2 modern bathrooms. This property is tailored for co-living excellence, featuring everything students desire.

 Proximity to University: Conveniently located near the esteemed University of Birmingham, this property offers prime access to campus facilities and guarantees a consistent stream of potential student tenants.

Property Features:  Open-Plan Luxury: Revel in an expansive open-plan kitchen and lounge adorned with plush sofas and a plasma TV. Your future tenants will appreciate this sophisticated and comfortable space.

Ideal for Landlords and First-Time Investors:  Expanding Your Portfolio: For seasoned landlords, this property represents an ideal opportunity to expand your investment portfolio, adding a high-potential student rental to your collection.

 Ready-to-Go Investment: First-time investors, rejoice! This property is primed and ready for immediate returns. No need to wait - start reaping the rewards of student rentals right away.

Secure the Future of Your Investments! Don't miss the chance to secure this exceptional 5-bedroom student HMO property at 4 Lime Avenue, Selly Oak. This is the key to unlocking a successful investment journey.

Get in Touch!

Partner with Easy Letting Birmingham to redefine student accommodation investments. Transform a property into a lucrative investment and set yourself on the path to investment success.

Easy Letting Birmingham - Elevating Your Investment Potential.

Agent Details

Easy Lettings (Birmingham) Ltd, Birmingham

0121 472 6969

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪