7 Bed HMO, Birmingham, B45 9EJ £400,000

30 Holywell Lane, Birmingham, Worcestershire, B45 9EJ - 6 views - a year ago
Sold STC
HMO
ROI: 1%
~201 m²
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+3 photos

ValuationUndervalued

Sold Prices£300K - £445K
Sold Prices/m²£2K/m² - £6.5K/m²

 

 

Square Metres

~201 m²
Price/m²£2K/m²

Value Estimate

£500,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Room Rate

£387

Gross Rent

£2,709

Running Costs/mo

£2,586

Cashflow/mo

£123

Cashflow/yr

£1,476

ROI

1%

Gross Yield

8%

Local Sold Prices

27 sold prices from £300K to £445K, average is £380K. £2K/m² to £6.5K/m², average is £3.4K/m².

Price
Date
Distance
Address
Beds
 
£407.5K10/240.03 mi5, Holywell Lane, Birmingham B45 9EJ4
£410K05/210.03 mi4, Holywell Lane, Rubery, Birmingham, Worcestershire B45 9EJ4
£310K11/240.26 mi26, Richmond Road, Birmingham B45 9UW4
£390K05/250.27 mi44, Richmond Road, Birmingham B45 9UN4
£390K05/250.27 mi44, Richmond Road, Birmingham B45 9UN4
£395K11/240.4 mi2, Chapelfield Mews, Birmingham B45 9EE4
£410K10/240.42 mi71, Maple Road, Rednal, Rubery B45 9EB4
£445K02/230.51 mi38, Beacon Hill, Rednal, Birmingham, Worcestershire B45 9QP4
£310K08/250.56 mi78, Leach Heath Lane, Birmingham B45 9DF4
£400K10/240.57 mi41, Heather Drive, Birmingham B45 9RA4
£356.6K04/230.57 mi29, Heather Drive, Rednal, Birmingham, Worcestershire B45 9RA4
£300K06/210.59 mi54, Leach Heath Lane, Rubery, Birmingham, Worcestershire B45 9DF4
£310K06/230.6 mi24, Rednal Hill Lane, Rednal, Birmingham, Worcestershire B45 9LR4
£300K10/210.61 mi92, Waseley Road, Rubery, Birmingham, Worcestershire B45 9TW4
£370K05/230.62 mi54, Segbourne Road, Rubery, Birmingham, Worcestershire B45 9SX4
£410K01/230.67 mi42, Leach Heath Lane, Rubery, Birmingham, Worcestershire B45 9DB4
£355K10/240.71 mi57, Meadowfield Road, Birmingham B45 9BY4
£375.5K04/250.72 mi46, Rednal Hill Lane, Birmingham B45 9LJ4
£375.5K04/250.72 mi46, Rednal Hill Lane, Birmingham B45 9LJ4
£355K03/250.73 mi39, Leach Heath Lane, Birmingham B45 9BU4
£305K11/240.76 mi6, Hagley Park Drive, Rednal, Birmingham, West Midlands B45 9JZ4
£425K06/210.77 mi83, Rednal Hill Lane, Rednal, Birmingham, Worcestershire B45 9LJ4
£405K02/250.93 mi14, Chapel Rise, Birmingham B45 9SN4
£380K04/230.96 mi29, The Pines, Rubery, Birmingham, West Midlands B45 9FF4
£335K10/210.98 mi36, Chapel Rise, Rednal, Birmingham, West Midlands B45 9SN4
£400K03/250.98 mi23, The Pines, Birmingham B45 9FF4
£400K03/250.98 mi23, The Pines, Birmingham B45 9FF4

Local Area Statistics

Population in B45

30,271

Population in Birmingham

1,034,821

Town centre distance

8.17 miles away

Nearest school

0.10 miles away

Nearest train station

2.18 miles away

 

 

Rental growth (12m)

-12%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £400,000

June 5, 2024

Sold for £280,000

2016

Sold for £70,500

1997

Floor Plans

Property image

Description

  • Fantastic HMO Investment Opportunity +
  • Seven Individual Rooms +
  • Great Location +
  • Fully Occupied +
  • Attractive Rental Yield +
  • Large Plot +

* Offered as a HMO Property Or Residential Home

A fantastic opportunity to purchase a spacious property which is currently being used as a HMO property. The property is being marketed either to investors wishing to take on an exciting rental opportunity or to buyers looking for a residential home.

The property is set within a large plot currently offering seven individual rooms, and five bathrooms, a large kitchen and conservatory space, utility room and spacious garden.

Offered as freehold, the property offers an attractive rental yield and a fully occupied annual rental income of circa £30/35k p/a.

As a residential home, the property is ideal for larger families, or someone looking to house an elderly relative as the property does offer additional downstairs bedroom, bathroom and lounge. If the property was to be purchased as a residential home, you would benefit from five upstairs bedrooms with three upstairs bathrooms and a downstairs bedroom with bathroom and lounge.

Ideally located for M5 Motorway travel links and local amenities. The property has easy access to public transport links and local schools and nurseries.

Please call Oakmans today to arrange your viewing!

We have been advised by the owner that the property is Freehold and the council tax is band is E
Please note this should be verified by your Solicitors and Oakmans Estate Agents cannot be held responsible if the information is incorrect.

Approach -

Agent Details

Oakmans Estate Agents, Northfield

0121 728 2215

Next Steps?

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