6 Bed HMO, Birmingham, B29 6EN £550,000

Heeley Road, Selly Oak, Birmingham, B29 6EN - 2 years ago
Sold STC
HMO
Inside Article 4
~127 m²
Property image
Property image
Property image

ValuationOvervalued

Sold Prices£160K - £1.9M
Sold Prices/m²£2.1K/m² - £7.2K/m²

 

 

Square Metres

~126.60 m²
Price/m²£4.3K/m²

Value Estimate

£464,200

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£46,200

Total Cash In

£183,700

 

 

Cash Out

 

Room Rate

£498

Gross Rent

£2,988

Running Costs/mo

£3,078

Cashflow/mo

£-90

Cashflow/yr

£-1,080

Gross Yield

7%

Local Sold Prices

50 sold prices from £160K to £1.9M, average is £860K. £2.1K/m² to £7.2K/m², average is £3.7K/m².

Price
Date
Distance
Address
Beds
 
£395K02/230.24 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£177K06/210.25 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£332.5K06/210.31 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£420K02/250.43 mi13, Rookery Road, Selly Oak, Birmingham B29 7DG6
£160K05/230.47 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£1.2M12/220.51 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£825K01/230.79 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£1.2M11/230.86 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£1.2M11/230.86 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£995K04/230.99 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£860K12/221.31 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£860K12/221.31 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.32 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.32 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£695K02/231.38 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.38 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£820K03/251.41 mi79, Reddings Road, Birmingham B13 8LP6
£820K03/251.41 mi79, Reddings Road, Birmingham B13 8LP6
£350K11/211.55 mi66, Middleton Hall Road, Birmingham, West Midlands B30 1BY6
£950K01/231.58 mi217a, Bristol Road, Edgbaston, Birmingham B5 7UB6
£760K08/221.59 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£410K12/211.59 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£888K01/251.6 mi58, Moorcroft Road, Birmingham B13 8LU6
£888K01/251.6 mi58, Moorcroft Road, Birmingham B13 8LU6
£700K06/251.62 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£700K06/251.62 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£965K03/241.62 mi225, Northfield Road, Bournville, Birmingham B30 1EB6
£965K03/241.62 mi225, Northfield Road, Bournville, Birmingham B30 1EB6
£1.9M08/221.64 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£707K07/241.65 mi211, Alcester Road, Birmingham B13 8PX6
£950K01/231.66 mi217a, Bristol Road, Birmingham, West Midlands B5 7UB6
£295K03/231.67 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£780K01/221.67 mi168, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£760K11/221.7 mi184, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£390K02/251.72 mi15, Corvedale Road, Birmingham, West Midlands B29 4LG6
£1.0M10/241.76 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.0M10/241.76 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.3M07/221.84 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£1.1M05/251.85 mi28, Greening Drive, Birmingham B15 2XA6
£1.1M05/251.85 mi28, Greening Drive, Birmingham B15 2XA6
£1.2M07/221.87 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£1.3M01/231.89 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£936K12/241.91 mi40, Park Hill, Birmingham B13 8DT6
£944K05/231.91 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6
£750K10/211.93 mi83, Westhill Road, Birmingham, West Midlands B38 8TG6
£660K09/231.93 mi85, Westhill Road, Birmingham, West Midlands B38 8TG6
£1.8M04/241.94 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.8M04/241.94 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.9M11/231.94 mi63, Wellington Road, Edgbaston, Birmingham B15 2ET6
£1.9M06/221.94 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.82 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-56%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Price changed to £550,000

December 4, 2024

Listed for £570,000

March 21, 2024

Sold for £375,000

2023

Sold for £225,000

2014

Sold for £107,000

2003

Floor Plans

Property image

Description

  • FOR SALE - 6 BEDROOM HMO PROPERTY WITH 6 EN-SUITE BATHROOMS +
  • RECENTLY RENOVATED +
  • GREAT LOCATION FOR STUDENTS - AWLAYS LET EARLY ! +
  • CONTACT HOUSE HUNT TODAY ! +
  • IMAGES ABOVE ARE OF A SIMILIAR PROPERTY RENOVATED BY THE SAME BUILDERS +

FOR SALE - Heeley Road, Selly Oak, Birmingham, B29 6EN

IMAGES ABOVE ARE OF A SIMILIAR PROPERTY RENOVATED BY THE SAME BUILDERS

* FANTASTIC INVESTMENT OPPORTUNITY - CURRENTLY A NEWLY RENOVATED 6 BEDROOM 6 EN-SUITE BATHROOM PROPERTY LOCATED ON THE DOORSTEP OF THE UNIVERSITY *

House Hunt are pleased to present this modernised 6 bedroom 6 en-suite bathroom HMO property with a spacious open plan kitchen & lounge. It is located a stone throw away from the Bristol Road, Selly Oak Train Station, University of Birmingham and the Queen Elizabeth Hospital. A prime location for students of the University of Birmingham !

This property is a great investment opportunity and is perfect for student accommodation. The property is currently getting renovated however is LET from 1st July 2024 until June 2025.

Perfect property for a first time or experienced investor as it is in an immaculate condition throughout and has a great rental return !

Contact the House Hunt Sales Department for more information.

Agent Details

House Hunt, Birmingham

0121 387 6744

Next Steps?

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