4 Bed HMO, Birmingham, B6 6ND £255,000

Freer Road, Birmingham, West Midlands, B6 6ND - 17 views - a year ago
Sold STC
HMO
ROI: 3%
~129 m²
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+3 photos

ValuationOvervalued

Sold Prices£77K - £410K
Sold Prices/m²£856/m² - £4.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2K/m²

Value Estimate

£230,793

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£9,100

Total Cash In

£72,850

 

 

Cash Out

 

Room Rate

£464

Gross Rent

£1,856

Running Costs/mo

£1,645

Cashflow/mo

£211

Cashflow/yr

£2,533

ROI

3%

Gross Yield

9%

Local Sold Prices

45 sold prices from £77K to £410K, average is £271K. £856/m² to £4.8K/m², average is £1.9K/m².

Price
Date
Distance
Address
Beds
 
£253.5K01/250 mi34, Freer Road, Birmingham B6 6ND4
£253.5K01/250 mi34, Freer Road, Birmingham B6 6ND4
£290K11/230.13 mi7, Arden Road, Aston, Birmingham B6 6AD4
£290K11/230.13 mi7, Arden Road, Aston, Birmingham B6 6AD4
£285K03/240.15 mi9, Woodridge, Birmingham B6 6LN4
£285K03/240.16 mi9, Woodridge, Birmingham, West Midlands B6 6LN4
£170K08/250.24 mi22, Lodge Road, Aston, Birmingham B6 6LU4
£340K02/230.27 mi44, Bayswater Road, Birmingham, West Midlands B20 3AH4
£265K03/230.28 mi55, Coombe Road, Perry Barr, Birmingham, West Midlands B20 3EN4
£290K07/240.4 mi33, Thomas George Way, Birmingham B19 2NE4
£290K07/240.4 mi33, Thomas George Way, Birmingham B19 2NE4
£200K11/220.43 mi73, Tewkesbury Road, Birmingham, West Midlands B20 3DU4
£180K01/230.43 mi39, Bromfield Close, Aston, Birmingham, West Midlands B6 5HT4
£220K01/230.44 mi38, Prestbury Road, Birmingham, West Midlands B6 6EP4
£271K12/210.47 mi2, Rodway Close, Birmingham B19 2NB4
£271K12/210.47 mi2, Rodway Close, Birmingham B19 2NB4
£205K01/250.49 mi11, Kenilworth Road, Birmingham, West Midlands B20 3HG4
£205K01/250.51 mi11, Kenilworth Road, Birmingham B20 3HG4
£185K02/250.51 mi29, Wenlock Road, Birmingham B20 3HR4
£185K02/250.52 mi29, Wenlock Road, Birmingham, West Midlands B20 3HR4
£280K06/230.6 mi123, Lozells Street, Birmingham B19 2AP4
£280K06/230.6 mi123, Lozells Street, Birmingham B19 2AP4
£396K11/220.67 mi26, North Drive, Handsworth, Birmingham, West Midlands B20 3SZ4
£407K03/250.68 mi56, Gibson Road, Birmingham, West Midlands B20 3UD4
£230K07/210.69 mi53, Robert Road, Birmingham, West Midlands B20 3RS4
£276.1K09/240.71 mi37, Heathfield Road, Lozells And East Handsworth, Birmingham B19 1HA4
£276.1K09/240.71 mi37, Heathfield Road, Lozells And East Handsworth, Birmingham B19 1HA4
£407K03/250.71 mi56, Gibson Road, Birmingham B20 3UD4
£305K04/240.72 mi21a, Grosvenor Road, Lozells And East Handsworth, Birmingham B20 3NW4
£165K09/220.74 mi10, Church Vale, Birmingham, West Midlands B20 3SH4
£250K11/220.76 mi36, West Drive, Handsworth, Birmingham, West Midlands B20 3SU4
£77K03/220.78 mi4, Pearl Place, Birmingham B19 1QE4
£77K03/220.78 mi4, Pearl Place, Birmingham B19 1QE4
£370K09/210.78 mi28, Gibson Road, Birmingham, West Midlands B20 3UE4
£300K09/230.8 mi22, Winston Drive, Birmingham, West Midlands B20 3TS4
£410K06/230.8 mi45, Beaudesert Road, Birmingham, West Midlands B20 3TQ4
£285K11/240.82 mi19, John Street, Birmingham, West Midlands B19 1NT4
£285K11/240.84 mi19, John Street, Birmingham B19 1NT4
£212K07/230.87 mi353, Farm Street, Birmingham, West Midlands B19 2UF4
£250K08/240.88 mi46a, Barker Street, Birmingham B19 1EP4
£250K08/240.88 mi46a, Barker Street, Birmingham B19 1EP4
£145K08/240.88 mi88, Tame Road, Birmingham, West Midlands B6 7DH4
£209K11/240.89 mi20, Chilwell Croft, Birmingham B19 2QH4
£209K11/240.89 mi20, Chilwell Croft, Birmingham B19 2QH4
£405K07/240.95 mi84, Denewood Avenue, Birmingham, West Midlands B20 2AE4

Local Area Statistics

Population in B6

18,812

Population in Birmingham

1,034,821

Town centre distance

3.07 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental growth (12m)

-6%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £255,000

July 19, 2024

Floor Plans

Property image

Description

  • NO CHAIN +
  • HUGE ROOM SIZES +
  • SUPERB POTENTIAL FOR HMO +
  • POPULAR LOCATION +
  • TWO RECEPTION ROOMS +

* NO CHAIN * HUGE ROOM SIZES * SUPERB POTENTIAL FOR HMO * POPULAR LOCATION * TWO RECEPTION ROOMS *

Wilkins Estate Agents are delighted to present this spacious 4-bedroom terraced house located in the vibrant community of Aston. This property offers a unique opportunity for those looking to put their own stamp on a home with great bones and a fantastic layout.

The property presents an incredible opportunity for buyers willing to invest in updating and modernising the space. It's excellent location in Aston, close to local amenities, schools, and transport links, makes it highly desirable place to call home.

Upon entering, you will find two welcoming living area, perfect for family gatherings and entertaining guests, or creating distinct living and dining areas. The kitchen, while functional, offers a blank canvas for modern updates and personal touches.

The first floor hosts three genrously sized bedrooms, each with ample natural light and potential for customisation. The family bathroom is conveniently located on this floor and offers scope for a stylish makeover.
The fourth bedroom, located on the second floor, provides a private and tranquil retreat with great potential.

Outside, the property features a private garden area, ideal for outdoor activities and garden enthusiasts.

Don't miss out on this hidden gem that holds immense potential. With a bit of imagination and effort, this house could be transformed into your dream home. Contact Wilkins today to arrange a viewing and explore the possibilities this property has to offer.

Reception Room (5m x 2.3m)

Living Room (4.5m x 3.8m)

Kitchen (5.8m x 2.7m)

WC (2.6m x 2.05)

Bedroom 1 (5.07m x 4.05m)

Bedroom 2 (4.7m x 4.05m)

Bedroom 3 (4.7m x 3.5m)

Bedroom 4 (4.2m x 2.9m)

Bathroom (2.8m x 1.8m)

Agent Details

Wilkins Estate Agents, Sutton Coldfield

0121 796 1219

Next Steps?

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