Potential 4-Bed HMO, Birmingham, B11 1LW, £270,000

Gladstone Road, Sparkbrook, Birmingham, B11 1LW - 14 views - 9 months ago

Sold STC
HMO
ROI: 9%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£79.5K - £292K
Sold Prices/m²£1K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£167,400

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Room Rate

£594

Gross Rent

£2,376

Running Costs/mo

£1,811

Cashflow/mo

£565

Cashflow/yr

£6,782

ROI

9%

Gross Yield

11%

Local Sold Prices

50 sold prices from £79.5K to £292K, average is £181K. £1K/m² to £3.4K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£186K12/200.14 mi26, Larches Street, Birmingham, West Midlands B11 1XH3
£158K08/210.26 mi27, Montgomery Croft, Birmingham, West Midlands B11 1EL3
£165K04/210.28 mi20, Priestley Road, Birmingham, West Midlands B11 1RW3
£235K07/230.28 mi41, Medlicott Road, Birmingham, West Midlands B11 1PY3
£165K05/210.29 mi14, Priestley Road, Birmingham, West Midlands B11 1RW3
£170K03/230.3 mi3, Erasmus Road, Birmingham, West Midlands B11 1RL3
£250K05/220.32 mi117, Ladypool Road, Birmingham, West Midlands B12 8LH3
£79.5K07/230.44 mi72, Benton Road, Sparkbrook, Birmingham, West Midlands B11 1TX3
£180K09/220.45 mi82, Woodfield Road, Balsall Heath, Birmingham, West Midlands B12 8TH3
£240K03/230.47 mi75, Beach Road, Birmingham, West Midlands B11 4PL3
£198K04/230.49 mi165, Walford Road, Birmingham, West Midlands B11 1QJ3
£162.5K03/210.49 mi57, Benton Road, Sparkbrook, Birmingham, West Midlands B11 1TY3
£155K02/210.49 mi110, Benton Road, Sparkbrook, Birmingham, West Midlands B11 1TY3
£200K02/210.51 mi107, Wilton Road, Sparkhill, Birmingham, West Midlands B11 4PN3
£170K12/220.51 mi83, Wilton Road, Sparkhill, Birmingham, West Midlands B11 4PN3
£207K03/230.51 mi138, Bolton Road, Small Heath, Birmingham, West Midlands B10 0BB3
£198K06/210.52 mi41, Vann Close, Birmingham, West Midlands B10 0DE3
£139K07/230.52 mi162, Osborn Road, Birmingham, West Midlands B11 1TT3
£130K07/210.56 mi256, Clifton Road, Balsall Heath, Birmingham, West Midlands B12 8RU3
£105K06/210.57 mi337, Golden Hillock Road, Sparkbrook, Birmingham, West Midlands B11 2QL3
£220K08/210.57 mi107, Newton Road, Sparkhill, Birmingham, West Midlands B11 4PS3
£200K03/210.64 mi61, Hangleton Drive, Birmingham, West Midlands B11 2QD3
£165K06/210.65 mi98, Brighton Road, Birmingham, West Midlands B12 8QJ3
£198K10/200.65 mi11, Salop Street, Birmingham, West Midlands B12 0TL3
£141K10/200.66 mi100, Whitmore Road, Small Heath, Birmingham, West Midlands B10 0NP3
£175K01/210.68 mi176, Stoney Lane, Balsall Heath, Birmingham, West Midlands B12 8AN3
£175K01/210.68 mi174, Stoney Lane, Balsall Heath, Birmingham, West Midlands B12 8AN3
£182K09/220.71 mi80, Cyril Road, Birmingham, West Midlands B10 0TG3
£230K05/230.71 mi40, Vincent Street, Birmingham, West Midlands B12 9TP3
£170K04/230.71 mi39, Cyril Road, Birmingham, West Midlands B10 0SS3
£202K04/230.71 mi17, Belvidere Gardens, Birmingham, West Midlands B11 4NU3
£135K01/210.71 mi16, Belvidere Gardens, Birmingham, West Midlands B11 4NU3
£175K12/220.72 mi33, Henshaw Road, Small Heath, Birmingham, West Midlands B10 0TD3
£220K12/220.72 mi20, Highgate Close, Birmingham, West Midlands B12 0YD3
£292K05/230.72 mi66, Esme Road, Birmingham, West Midlands B11 4NN3
£155K08/210.72 mi36, Birchwood Road, Birmingham, West Midlands B12 8BP3
£138K11/220.74 mi29, Castleford Road, Birmingham, West Midlands B11 3SW3
£146K09/200.75 mi4, Dolphin Road, Sparkhill, Birmingham, West Midlands B11 3LR3
£285K12/220.75 mi40, Birchwood Crescent, Moseley, Birmingham, West Midlands B12 8BN3
£135K10/200.77 mi59, Mountford Street, Sparkhill, Birmingham, West Midlands B11 3LZ3
£230K05/210.78 mi84, Doris Road, Sparkhill, Birmingham, West Midlands B11 4NF3
£250K07/230.8 mi40, Doris Road, Sparkhill, Birmingham, West Midlands B11 4NE3
£224K11/220.8 mi30, Kinver Croft, Birmingham, West Midlands B12 9EH3
£245K05/230.8 mi28, Kinver Croft, Birmingham, West Midlands B12 9EH3
£235K11/210.83 mi95, Fernley Road, Sparkhill, Birmingham, West Midlands B11 3NP3
£241K03/230.83 mi93, Fernley Road, Sparkhill, Birmingham, West Midlands B11 3NP3
£185K05/210.83 mi90, Fernley Road, Sparkhill, Birmingham, West Midlands B11 3NP3
£195K03/230.83 mi64, Fernley Road, Sparkhill, Birmingham, West Midlands B11 3NP3
£165K10/200.84 mi8, Frederick Road, Sparkhill, Birmingham, West Midlands B11 4JS3
£180K06/230.85 mi41, Evelyn Road, Birmingham, West Midlands B11 3JH3

Local Area Statistics

Population in B11

44,391

Population in Birmingham

1,034,821

Town centre distance

0.34 miles away

Nearest school

0.10 miles away

Nearest train station

0.64 miles away

 

 

Rental growth (12m)

+51%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £270,000

June 19, 2024

Floor Plans

Description

  • LARGE VICTORIAN FAMILY HOME +

  • THREE SPACIOUS BEDROOMS PLUS WALK IN CLOSET WITH WINDOW +

  • SPACIOUS GARDEN +

  • IDEAL FOR HMO FACILITY +

SUMMARY
LARGE VICTORIAN FAMILY HOME LOCATED IN B11, THREE SPACIOUS BEDROOM PLUS WALK IN CLOSET WITH WINDOW, FAMILY BATHROOM PLUS TWO ADDITIONAL W/C's, MULTI LEVEL, SPACIOUS GARDEN, LARGE RECEPTION ROOM, IDEAL FOR HMO FACILITY,

DESCRIPTION
Connells is very proud to present this spacious multi level Victorian Family home located in the B11 area of Birmingham,
This stunning three bedroom home with multiple cloakrooms and a additional bonus room currently used as a walk in closet, is the ideal purchase for any growing family or the ideal investment opportunity with ample space and facilities for the perfect HMO.

Upon entry you will be greeted with a spacious corridor leading to two spacious reception rooms and a large family kitchen and a downstairs cloakroom with w/c and basin. The first floor hosts a large family bathroom with walk shower facilities and the second cloak room hosting a further w/c and basin, there are two very spacious bedrooms and walk in closet and stairs leading to the second floor spacious bedroom. To the rear of the Property there is a spacious garden perfect for summer entertaining, viewings are very highly recommended, secure your visit soon as interest is very high!

Property Details  
On street parking with path leading to double glazed front door.

Entrance Hall  
Having laminate flooring and doors off to:

Ground Floor W.C  
Low level w.c, wash hand basin, radiator and double glazed window.

Lounge 16' 6" x 12' 8" ( 5.03m x 3.86m )
Double glazed bay window, wall mounted gas fire and laminate flooring.

Ground Floor Cinema Room  15' 6" x 11' ( 4.72m x 3.35m )
Being used as a cinema room with double glazed window.

Kitchen & Walk In Pantry 9' 2" x 10' 5" ( 2.79m x 3.17m )
Kitchen comprising of fitted wall and base units to include work surfaces over, stainless steel sink and drainer, cooker point, space for appliances, partly tiled, storage, lino flooring and a double glazed window. Also having walk in pantry.

First Floor Landing  
Having carpet flooring, storage and doors off to:

Bedroom One  13' 7" x 14' 4" ( 4.14m x 4.37m )
Having a walk in wardrobe, carpet flooring, double glazed window with fitted blinds.

Walk In Wardrobe 8' 3" x 3' 6" ( 2.51m x 1.07m )
Access off bedroom 1 also having window.

Bedroom Two  12' 7" x 14' 1" ( 3.84m x 4.29m )
Having carpet flooring, radiator and double glazed window.

Bedroom Three  18' max x 13' max ( 5.49m max x 3.96m max )
This 3rd floor bedroom has carpet flooring, radiator and double glazed window.

Walk-In Shower Room  
Walk in shower, wash hand basin, low level w.c, storage, radiator, partly tiled and double glazed window.

Rear Garden  
Slabbed patio area, shed with lawn beyond.

Agents Notes  
The back room is currently being used as a cinema room.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Birmingham City

0121 387 6591

Next Steps?

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