6 Bed HMO, Birmingham, B29 7RQ, £375,000

Milner Road, Selly Oak, B29 7RQ - 46 views - a year ago

HMO
ROI: 9%
~186 m²
+4 photos

ValuationUndervalued

Sold Prices£160K - £1.3M
Sold Prices/m²£2.1K/m² - £5.4K/m²

 

 

Square Metres

~186 m²
Price/m²£2K/m²

Value Estimate

£453,750
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Room Rate

£572

Gross Rent

£3,432

Running Costs/mo

£2,574

Cashflow/mo

£858

Cashflow/yr

£10,295

ROI

9%

Gross Yield

11%

Local Sold Prices

43 sold prices from £160K to £1.3M, average is £750K. £2.1K/m² to £5.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£1.2M12/220.37 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£455K06/210.58 mi261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB6
£825K01/230.67 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£332.5K06/210.7 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£395K02/230.71 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£775K11/200.73 mi201, Moor Green Lane, Birmingham, West Midlands B13 8NT6
£815K03/210.74 mi114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED6
£730K03/210.76 mi4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR6
£177K06/210.76 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£177K06/210.77 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£160K05/230.84 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£870K02/211.03 mi55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP6
£610K04/211.07 mi177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR6
£760K08/221.07 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£695K02/231.19 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.19 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£995K04/231.21 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£410K12/211.24 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£940K03/211.27 mi8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD6
£640K12/201.36 mi73, Springfield Road, Kings Heath, Birmingham, West Midlands B14 7DU6
£944K05/231.45 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6
£1.3M01/231.45 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£1.1M03/211.51 mi34, Chantry Road, Moseley, Birmingham, West Midlands B13 8DJ6
£350K11/211.52 mi66, Middleton Hall Road, Birmingham, West Midlands B30 1BY6
£725K01/211.53 mi60, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£950K11/221.54 mi58, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£1.3M07/221.55 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£693K11/201.57 mi9, Clarence Road, Moseley, Birmingham, West Midlands B13 9SX6
£610K11/201.57 mi11, Clarence Road, Moseley, Birmingham, West Midlands B13 9SX6
£880K09/221.59 mi44, Oxford Road, Moseley, Birmingham, West Midlands B13 9ER6
£609.5K04/211.59 mi24, Hollie Lucas Road, Birmingham, West Midlands B13 0QL6
£610K08/221.68 mi2a, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RU6
£895K06/211.74 mi62, Cotton Lane, Moseley, Birmingham, West Midlands B13 9SE6
£687.9K01/211.75 mi117, Anderton Park Road, Moseley, Birmingham, West Midlands B13 9DQ6
£820K11/221.75 mi19, Forest Road, Moseley, Birmingham, West Midlands B13 9DL6
£780K01/221.8 mi168, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£635K10/201.8 mi17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH6
£1.1M07/231.82 mi44, Billesley Lane, Moseley, Birmingham, West Midlands B13 9QS6
£760K11/221.84 mi184, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£1.3M04/211.85 mi17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT6
£750K10/211.89 mi83, Westhill Road, Birmingham, West Midlands B38 8TG6
£660K09/231.89 mi85, Westhill Road, Birmingham, West Midlands B38 8TG6
£295K11/211.96 mi21, Haselwell Drive, Kings Norton, Birmingham, West Midlands B30 3PQ6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.57 miles away

Nearest school

0.10 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £375,000

March 4, 2024

Sold for £47,000

1997

Description

  • 3D Virtual Tour Available NOW!!!! +
  • Spacious Living: With 6 large double bedrooms, this property promises ample space for student tenants, ensuring high demand and consistent rental yield. +
  • Modern Comforts: Featuring 3 well-appointed bathrooms, the house caters to the needs of modern students, providing both privacy and convenience. +
  • Ideal Location: Situated within walking distance of the University of Birmingham, this property stands out with its unbeatable location, making it a hot commodity in the student rental market. +
  • Virtual Tour Available: Explore the property from the comfort of your home with our immersive virtual tour, available now. +
  • 6 Double Bedrooms +

*****Discover Student Living HMO Perfection at Milner Road, Selly Oak*****

Welcome to the heart of student life in Birmingham! Presented by the Trusted Experts at Easy Letting Birmingham, Milner Road offers a prime investment opportunity that marries style, convenience, and exceptional student living. This property is a gateway to the vibrant student culture of Selly Oak and a stone's throw from the prestigious University of Birmingham.

Nestled in the bustling student hub of Selly Oak, this property offers more than just accommodation; it's a lifestyle. From eclectic eateries and lively pubs to serene parks and convenient shopping, Selly Oak provides an enriching environment for students. The area's vibrant community and ongoing developments make it an attractive spot for investment, promising continued growth and tenant demand.

As a landlord partnering with Easy Letting Birmingham, you're not just investing in property; you're securing your piece of Birmingham's thriving student market. Our extensive experience and proven track record in the student and professional property markets empower you to make informed decisions. With our guidance, you'll navigate the investment landscape with ease and confidence.

Don't miss out on this exceptional opportunity to expand your portfolio with a standout property in Birmingham's student heartland. Contact Easy Letting Birmingham today to book your in-person viewing and take the first step towards a lucrative investment.

Embrace the future of student living at Milner Road, Selly Oak. Your investment journey begins here

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 💪