Potential 4-Bed HMO, Birmingham, B12 9NA, £280,000

63 Eastwood Road, Balsall Heath, Birmingham, B12 9NA - 33 views - 10 months ago

HMO
ROI: 8%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£90K - £1.3M
Sold Prices/m²£1.5K/m² - £9.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£248,533

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£15,100

Total Cash In

£85,100

 

 

Cash Out

 

Room Rate

£689

Gross Rent

£2,756

Running Costs/mo

£1,929

Cashflow/mo

£827

Cashflow/yr

£9,926

ROI

12%

Gross Yield

12%

Local Sold Prices

50 sold prices from £90K to £1.3M, average is £267.5K. £1.5K/m² to £9.9K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£365K12/220.05 mi3, Constance Road, Birmingham, West Midlands B5 7RB3
£232.5K02/210.07 mi81, Harbury Road, Birmingham, West Midlands B12 9NG3
£275K04/210.09 mi42, Willows Crescent, Birmingham, West Midlands B12 9ND3
£260K11/200.2 mi31, Jakeman Road, Birmingham, West Midlands B12 9NT3
£192.5K05/210.21 mi42, Jakeman Road, Birmingham, West Midlands B12 9NX3
£300K06/230.25 mi44, Regent Close, Birmingham, West Midlands B5 7PL3
£310.1K01/210.25 mi42, Regent Close, Birmingham, West Midlands B5 7PL3
£90K08/220.27 mi81, Court Road, Balsall Heath, Birmingham, West Midlands B12 9LQ3
£330K05/230.28 mi37, Aboyne Close, Edgbaston, Birmingham, West Midlands B5 7PQ3
£175K12/220.32 mi176a, Bristol Road, Birmingham, West Midlands B5 7XG3
£200K01/220.34 mi10, Four Stones Grove, Birmingham, West Midlands B5 7LW3
£400K03/220.34 mi173, Bristol Road, Birmingham, West Midlands B5 7UA3
£224K05/210.39 mi281, Mary Street, Balsall Heath, Birmingham, West Midlands B12 9RS3
£270K09/210.39 mi105, Alexandra Road, Birmingham, West Midlands B5 7NN3
£220K03/210.39 mi115, Alexandra Road, Birmingham, West Midlands B5 7NN3
£273K10/220.39 mi119, Alexandra Road, Birmingham, West Midlands B5 7NN3
£196K05/210.39 mi125, Alexandra Road, Birmingham, West Midlands B5 7NN3
£220K03/210.39 mi117, Alexandra Road, Birmingham, West Midlands B5 7NN3
£220K03/210.4 mi40, Princess Road, Birmingham, West Midlands B5 7PU3
£345K08/220.42 mi28, East Drive, Birmingham, West Midlands B5 7RX3
£308K02/220.42 mi48, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ3
£192K07/220.43 mi32, East Drive, Birmingham, West Midlands B5 7RX3
£270K01/210.43 mi52, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ3
£295K08/220.45 mi35, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG3
£280K06/220.45 mi51, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG3
£311K08/220.45 mi67, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG3
£198K01/210.45 mi63, West Drive, Birmingham, West Midlands B5 7RR3
£270K06/210.45 mi21, West Drive, Birmingham, West Midlands B5 7RR3
£335K01/230.45 mi15, West Drive, Birmingham, West Midlands B5 7RR3
£255K04/210.47 mi9, South Drive, Birmingham, West Midlands B5 7RU3
£255K04/210.47 mi9, South Drive, Birmingham, West Midlands B5 7RU3
£250K06/230.47 mi11, South Drive, Birmingham, West Midlands B5 7RU3
£230K05/230.49 mi40, Vincent Street, Birmingham, West Midlands B12 9TP3
£245K05/230.51 mi28, Kinver Croft, Birmingham, West Midlands B12 9EH3
£224K11/220.52 mi30, Kinver Croft, Birmingham, West Midlands B12 9EH3
£196.5K03/210.55 mi37, Belgravia Close, Birmingham, West Midlands B5 7LA3
£265K01/220.56 mi44, Alexandra Road, Birmingham, West Midlands B5 7NJ3
£446.1K03/230.64 mi13, Spring Road, Edgbaston, Birmingham, West Midlands B15 2HG3
£220K12/220.66 mi20, Highgate Close, Birmingham, West Midlands B12 0YD3
£1.3M02/220.72 mi98, Priory Road, Edgbaston, Birmingham, West Midlands B15 2RG3
£260K12/220.72 mi39, Charlotte Road, Edgbaston, Birmingham, West Midlands B15 2NH3
£670K07/220.74 mi97, Moorcroft Road, Birmingham, West Midlands B13 8LS3
£290K07/220.75 mi10, Summer Road, Edgbaston, Birmingham, West Midlands B15 2BP3
£279K02/210.75 mi6, Summer Road, Edgbaston, Birmingham, West Midlands B15 2BP3
£180K09/220.75 mi82, Woodfield Road, Balsall Heath, Birmingham, West Midlands B12 8TH3
£272.5K01/210.77 mi18, Riverside Drive, Selly Park, Birmingham, West Midlands B29 7ES3
£200K11/200.77 mi20, Riverside Drive, Selly Park, Birmingham, West Midlands B29 7ES3
£350K06/210.78 mi8, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER3
£450K09/220.78 mi67, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW3
£427.5K03/210.82 mi35, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BN3

Local Area Statistics

Population in B12

20,547

Population in Birmingham

1,034,821

Town centre distance

0.99 miles away

Nearest school

0.20 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+49%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Price changed to £280,000

February 12, 2025

Price changed to £288,000

December 4, 2024

Listed for £330,000

June 8, 2024

Floor Plans

Description

  • Mid-Terrace Home +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Re-Fitted Kitchen +
  • Unfinished Downstairs Shower Room and WC +
  • Shower Room +
  • Garden +
  • Double Glazing and Central Heating +
  • Potential for HMO use +
  • No Upward Chain +

THREE BEDROOM TERRACE HOME WITH NO UPWARD CHAIN WITH HMO POTENTIAL! Lovely three bedroom mid terrace home ideally located for Moseley, Edgbaston and the City Centre. The accommodation on offer briefly comprises; fore garden, entrance hallway, two reception rooms, re-fitted kitchen, unfinished shower room and WC and rear garden. To the first floor there are three bedrooms and a shower room. The property benefits from double glazing, central heating and no upward chain and the benefit of works completed to make the property a HMO (house in multiple occupation). Energy Performance Rating: D. To arrange your viewing please call our Moseley sales team.

Approach - With a shallow fore garden leading to a wooden front entrance door opening into:

Inner Vestibule - With Minton tiled flooring, decorative cornice to ceiling and open walkway into:

Hallway - With central heating radiator, ceiling light point, decorative archway, under stairs storage with double glazed opaque window to the side aspect and ceiling light point, stairs giving rise to the first floor accommodation and doors opening into:

Reception Room One - 3.20 x 4.23 into bay (10'5" x 13'10" into bay) - With double glazed bay window to the front aspect, central heating radiator and ceiling light point.

Reception Room Two - 3.37 x 4.22 (11'0" x 13'10") - With central heating radiator, ceiling light point and double glazed window to the rear aspect.

Kitchen - 4.80 x 2.68 (15'8" x 8'9") - With ceiling strip light, double glazed window to the rear aspect, wall mounted combination boiler, base units, marble effect work surfaces incorporating stainless steel sink and drainer with mixer tap over, space for washing machine, cooker hob and extractor over, central heating radiator, tiling to flooring and door opening into:

Unfinished Shower Room - 2.63 x 1.99 (8'7" x 6'6") - With a separate WC with low flush WC, two ceiling light points, double glazed opaque window and door giving access to the rear garden.

First Floor Accommodation - From hallway stairs gives rise to the first floor landing with double glazed window to the side aspect, two ceiling light points, central heating radiator and doors opening into:

Bedroom One - 4.95 x 3.46 (16'2" x 11'4") - With ceiling light point, central heating radiator, coving to ceiling and double glazed window to the front aspect.

Bedroom Two - 4.28 x 4.01 (14'0" x 13'1") - With ceiling light point, central heating radiator and double glazed window to the rear aspect.

Bedroom Three - 2.74 x 3.23 (8'11" x 10'7") - With ceiling light point, central heating radiator and double glazed window to the rear aspect.

Shower Room - 2.10 x 1.80 (6'10" x 5'10") - With double glazed opaque window to the side aspect, ceiling light point, three piece white bathroom suite comprising low flush WC, sink on pedestal with mixer tap over, shower cubicle with shower above, tiling surround and central heated towel rail.

Rear Garden - With a paved pathway leading to lawn turfed area and fencing surround.

Council Tax Band - According to the Direct Gov website the Council Tax Band for 63 Eastwood Road Balsall Heath, Birmingham, B12 9NA is band B and the annual Council Tax amount is approximately £1,620.70 subject to confirmation from your legal representative.

Agent Details

Rice Chamberlains LLP, Moseley

0121 387 6337

Next Steps?

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

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