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

848 Bristol Road, Selly Oak, Birmingham, B29 6HW - 4 views - a year ago

HMO

ROI: 6%

89 m²

+9 photos

ValuationOvervalued

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

Square Metres	89.47 m²
Price/m²	£3.9K/m²
Value Estimate	£278,556£278,556

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£23,700£23,700
Total Cash In	£111,200£111,200

Cash Out
Room Rate	£563£563
Gross Rent	£2,815£2,815
Running Costs/mo	£2,267£2,267
Cashflow/mo	£548£548
Cashflow/yr	£6,571£6,571
ROI	6%6%
Gross Yield	10%10%

Local Sold Prices

22 sold prices from £200K to £900K, average is £563K. £1.8K/m² to £4.2K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£425K	02/21	0.22 mi	26, Bournbrook Road, Birmingham, West Midlands B29 7BJ	£3,134	136	5	Terraced House
£685K	10/22	0.24 mi	42, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU	-	-	5	Detached House
£400K	06/21	0.28 mi	216, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP	£3,279	122	5	Terraced House
£260K	07/21	0.32 mi	278, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP	£3,333	78	5	Terraced House
£730K	02/23	0.36 mi	142, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH	-	-	5	Detached House
£200K	02/21	0.36 mi	6, Lottie Road, Selly Oak, Birmingham, West Midlands B29 6JZ	£2,564	78	5	Terraced House
£710K	03/22	0.42 mi	344, Bristol Road, Birmingham, West Midlands B5 7SN	£3,777	188	5	Detached House
£795.5K	05/23	0.46 mi	41a, Upland Road, Selly Park, Birmingham, West Midlands B29 7JS	-	-	5	Detached House
£630K	03/22	0.49 mi	336, Bristol Road, Birmingham, West Midlands B5 7SN	-	-	5	Detached House
£725K	03/21	0.56 mi	31, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ	-	-	5	Detached House
£900K	08/22	0.56 mi	15, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ	-	-	5	Detached House
£725K	03/21	0.56 mi	31, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ	-	-	5	Detached House
£620K	06/21	0.56 mi	49, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH	-	-	5	Semi-Detached House
£228K	02/23	0.59 mi	28, Rachel Gardens, Birmingham, West Midlands B29 6NY	£2,714	84	5	Terraced House
£280K	06/21	0.69 mi	960, Pershore Road, Selly Park, Birmingham, West Midlands B29 7PU	£1,818	154	5	Terraced House
£383.3K	01/23	0.71 mi	6, Brookvale Mews, Selly Park, Birmingham, West Midlands B29 7HP	£2,590	148	5	Terraced House
£294K	05/21	0.75 mi	146, Lodge Hill Road, Birmingham, West Midlands B29 6NG	£2,882	102	5	Semi-Detached House
£302K	11/20	0.75 mi	142, Lodge Hill Road, Birmingham, West Midlands B29 6NG	£3,113	97	5	Terraced House
£685K	11/20	0.85 mi	57, Linden Road, Bournville, Birmingham, West Midlands B30 1JT	£4,228	162	5	Semi-Detached House
£246.5K	03/21	0.88 mi	9, Bideford Drive, Selly Oak, Birmingham, West Midlands B29 6QG	£2,465	100	5	Terraced House
£570K	08/23	0.92 mi	51, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QZ	-	-	5	Semi-Detached House
£556K	10/21	0.97 mi	267, Moor Green Lane, Birmingham, West Midlands B13 8QR	-	-	5	Detached House

Local Area Statistics

Population in B29	42,51242,512
Population in Birmingham	1,034,8211,034,821
Town centre distance	2.59 miles away2.59 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.24 miles away0.24 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	-16%-16%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £350,000

March 13, 2024

Description

* IDEAL STUDENT HMO INVESTMENT WITH NO ONWARD CHAIN *

Situated in the 'student triangle', this refurbished & extended 4/5 bedroom HMO property proves a popular rental for students and is currently rented out for the 2024 / 2025 academic year.

As well as being just a short walk from the University of Birmingham. The Queen Elizabeth Hospital, Selly Oak Train Station and Selly Oak’s two retail parks are also within walking distance ensuring all amenities and transport links tenants may need are within close reach.

Agent Details

Dixons, Selly Oak

0121 387 6291

Next Steps?

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