4 Bed HMO, Smethwick, B66 4LN £315,000

Bearwood Road, Smethwick, B66 4LN - 23 views - a year ago
HMO
ROI: 3%
~129 m²
Property image
Property image
Property image
Property image
Property image

ValuationOvervalued

Sold Prices£85K - £555K
Sold Prices/m²£924/m² - £4K/m²

 

 

Square Metres

~128.80 m²
Price/m²£2.4K/m²

Value Estimate

£295,167

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£20,200

Total Cash In

£98,950

 

 

Cash Out

 

Room Rate

£550

Gross Rent

£2,200

Running Costs/mo

£1,927

Cashflow/mo

£273

Cashflow/yr

£3,278

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £85K to £555K, average is £302.5K. £924/m² to £4K/m², average is £2.5K/m².

Price
Date
Distance
Address
Beds
 
£280K07/240.06 mi82, Edgbaston Road, Smethwick, West Midlands B66 4LF4
£280K07/240.08 mi82, Edgbaston Road, Smethwick B66 4LF4
£275K09/230.13 mi66, Claremont Road, Smethwick, West Midlands B66 4JY4
£265K08/240.32 mi167, Gilbert Road, Smethwick B66 4PY4
£265K08/240.32 mi167, Gilbert Road, Smethwick B66 4PY4
£205K07/240.34 mi15, Davison Road, Smethwick B67 6JL4
£265K06/210.42 mi38, Arthur Harris Close, Smethwick, West Midlands B66 4NX4
£330K08/230.42 mi22, Arthur Harris Close, Smethwick, West Midlands B66 4NX4
£305K09/210.43 mi164, Poplar Avenue, Edgbaston, Birmingham, West Midlands B17 8EP4
£85K12/220.45 mi78, Florence Road, Smethwick, West Midlands B66 4QS4
£275K06/250.49 mi118, Stanhope Road, Smethwick B67 6HP4
£275K06/250.49 mi118, Stanhope Road, Smethwick B67 6HP4
£225K08/230.5 mi79, Woodlands Street, Smethwick B66 3TD4
£290K02/220.51 mi33, Pool Road, Smethwick, West Midlands B66 3DB4
£352.5K10/210.53 mi125, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HN4
£315K11/220.53 mi52, Crown Street, Smethwick, West Midlands B66 4SP4
£445K04/250.55 mi106, Poplar Avenue, Harborne, Birmingham B17 8ER4
£445K04/250.55 mi106, Poplar Avenue, Harborne, Birmingham B17 8ER4
£305K10/230.57 mi96, Regent Street, Smethwick, West Midlands B66 3BH4
£415K07/230.58 mi6, Deers Way, Birmingham B16 0QQ4
£415K07/230.58 mi6, Deers Way, Birmingham B16 0QQ4
£555K07/250.58 mi12, George Dixon Road, Birmingham B17 8LQ4
£210K03/240.58 mi4, Walnut Drive, Smethwick B66 3RS4
£210K03/240.58 mi4, Walnut Drive, Smethwick B66 3RS4
£210K03/240.58 mi4, Walnut Drive, Smethwick B66 3RS4
£245K06/230.59 mi2, Robert Lucas Place, Smethwick, West Midlands B67 6RW4
£245K06/230.59 mi2, Robert Lucas Place, Smethwick B67 6RW4
£225K08/230.61 mi79, Woodlands Street, Smethwick, West Midlands B66 3TD4
£170K08/210.61 mi55, Cuin Road, Smethwick, West Midlands B66 3TU4
£395K02/250.61 mi3a, Boniface Road, Smethwick B66 4SZ4
£395K02/250.61 mi3a, Boniface Road, Smethwick B66 4SZ4
£280K06/210.62 mi23, Little Moor Hill, Smethwick, West Midlands B67 7BG4
£243.5K09/210.62 mi88, Pargeter Road, Smethwick, West Midlands B67 5HZ4
£363K09/240.62 mi125, Thimblemill Road, Smethwick B67 6NR4
£410K09/220.63 mi116, Beech Way, Smethwick B66 3RF4
£410K09/220.63 mi116, Beech Way, Smethwick B66 3RF4
£422.5K06/210.63 mi7, Brook Way, Birmingham, West Midlands B16 0QR4
£300K06/210.64 mi38, Barley Road, Birmingham, West Midlands B16 0QE4
£358K12/220.64 mi34, Barley Road, Birmingham, West Midlands B16 0QE4
£185K07/240.67 mi67, Cuin Road, Smethwick B66 3TU4
£360K03/250.71 mi9, Roebuck Road, Birmingham B16 0QG4
£360K03/250.71 mi9, Roebuck Road, Birmingham B16 0QG4
£285K03/230.73 mi46, Rathbone Road, Bearwood, Smethwick, West Midlands B67 5JG4
£320K09/240.74 mi99, Sandon Road, Birmingham, West Midlands B17 8EE4
£305K05/220.75 mi225, City Road, Birmingham, West Midlands B16 0PU4
£370K08/230.76 mi1, Stag Road, Birmingham B16 0QH4
£310K07/210.8 mi20, Ravenshaw Road, Birmingham, West Midlands B16 0TE4
£321.5K06/230.8 mi18, Ravenshaw Road, Birmingham, West Midlands B16 0TE4
£287K11/220.81 mi354, Rotton Park Road, Birmingham, West Midlands B16 0LA4
£312.5K12/220.84 mi214, Hales Lane, Smethwick, West Midlands B67 6RH4

Local Area Statistics

Population in B66

21,335

Population in Smethwick

51,344

Town centre distance

0.18 miles away

Nearest school

0.20 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £315,000

May 29, 2024

Floor Plans

Property image

Description

  • View and find out more on Advanced.co.uk +

For Sale - If you head over to our website. You can download and view the Advanced Property Pack, book a viewing, make an offer directly through our website. All offers go direct to the sellers. A four bedroom property with HMO potential located near the Birmingham city centre. The property has been kept to an excellent standard throughout and will be sold with tenants in-situ.  The location remains highly desirable, with convenient access to local amenities, schools, and transportation links into and around Birmingham City Centre.   The house briefly has an expansive entrance hallway, two reception rooms, an extended fitted kitchen/diner, utility area, four well appointed bedrooms, family bathroom and an additional W.C.  Externally the property has a large rear garden which is partially turfed and on street parking available to the front. The property is located in a highly sought after location having outstanding schools and amenities close by, as well as the added benefit of being within close proximity to Birmingham City Centre.  Furthermore the property could be suitable for a multitude of possible extensions to the rear. (Subject to Planning).  The loft is suitable for a loft conversion as it has windows already fitted.  Here's what to do next

  • Visit - Our website
  • View - Book a viewing directly through our website.
  • Register - Register as a buyer to make offers, download packs and receive real-time notifications on properties you're interested in.
  • Advanced Property Pack - Download and view the property information in the Advanced Property Pack. Built to ensure complete transparency.
  • Offers - Offer directly to the seller through the website.
  • It's yours - Once you've negotiated price and timeframes with the seller, the property will be yours and you'll know exactly when you're getting your keys! If you would like to experience complete control and transparency with your property sale then call our expert team on or head to our website to submit a valuation.

Agent Details

Advanced.co.uk, Birmingham

03455 120115

Next Steps?

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