6 Bed HMO, Birmingham, B17 8LS £479,000

Portland Road, Edgbaston, Birmingham, B17 8LS - 5 views - a year ago

Sold STC

HMO

Inside Article 4

~186 m²

ValuationUndervalued

Sold Prices	£160K - £1.9M
Sold Prices/m²	£1K/m² - £7.2K/m²

Square Metres	~186 m²
Price/m²	£2.6K/m²
Value Estimate	£560,760£560,760
BMV	17%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£119,750£119,750
Stamp Duty & Legal Fees	£39,100£39,100
Total Cash In	£158,850£158,850

Cash Out
Room Rate	£455£455
Gross Rent	£2,730£2,730
Running Costs/mo	£2,777£2,777
Cashflow/mo	£-47£-47
Cashflow/yr	£-566£-566
Gross Yield	7%7%

Local Sold Prices

40 sold prices from £160K to £1.9M, average is £752.5K. £1K/m² to £7.2K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£440K	03/24	0.2 mi	9, Mead Avenue, Birmingham B16 0QW	£2,619	168	6	Semi-Detached House
£375K	05/23	0.32 mi	166, Rotton Park Road, Birmingham, West Midlands B16 0LN	£1,476	254	6	Semi-Detached House
£380K	08/23	0.44 mi	5, Deerstalker Square, Birmingham B16 0PT	£2,815	135	6	Semi-Detached House
£380K	08/23	0.45 mi	5, Deerstalker Square, Edgbaston, Birmingham, West Midlands B16 0PT	£2,815	135	6	Semi-Detached House
£800K	06/24	0.46 mi	10, Moorland Road, Birmingham B16 9JP	£3,077	260	6	Detached House
£800K	06/24	0.46 mi	10, Moorland Road, Birmingham B16 9JP	-	-	6	Detached House
£570K	03/23	0.56 mi	9, Barnsley Road, Birmingham, West Midlands B17 8EB	£2,511	227	6	Semi-Detached House
£250K	08/22	0.59 mi	406, Rotton Park Road, Birmingham, West Midlands B16 0LA	£1,894	132	6	Terraced House
£720K	01/23	0.65 mi	16, Vernon Road, Edgbaston, Birmingham, West Midlands B16 9SH	-	-	6	Semi-Detached House
£236K	07/23	0.72 mi	34, Wellington Road, Smethwick, West Midlands B67 6EU	£1,333	177	6	Terraced House
£638K	04/24	0.75 mi	21, Montague Road, Edgbaston, Birmingham B16 9HR	£2,647	241	6	Semi-Detached House
£638K	04/24	0.75 mi	21, Montague Road, Edgbaston, Birmingham B16 9HR	-	-	6	Semi-Detached House
£860K	04/24	0.77 mi	1, The Oaks, Harborne, Birmingham B17 8QQ	£4,410	195	6	Detached House
£990K	11/24	0.79 mi	344, Lordswood Road, Quinton, Birmingham B17 8AN	£4,177	237	6	Detached House
£990K	11/24	0.79 mi	344, Lordswood Road, Quinton, Birmingham B17 8AN	-	-	6	Detached House
£1.4M	06/21	1 mi	9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ	£4,842	285	6	Detached House
£625K	08/21	1.01 mi	6, Noel Road, Birmingham, West Midlands B16 9PS	£1,619	386	6	Detached House
£1.4M	10/24	1.09 mi	55, Hamilton Avenue, Birmingham B17 8AS	-	-	6	Detached House
£1.9M	06/22	1.11 mi	67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF	£5,755	339	6	Detached House
£1.4M	10/24	1.11 mi	55, Hamilton Avenue, Harborne, Birmingham, West Midlands B17 8AS	-	-	6	House
£785K	12/22	1.23 mi	104, Lordswood Road, Birmingham, West Midlands B17 9BU	-	-	6	Semi-Detached House
£1.2M	07/22	1.24 mi	128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ	-	-	6	Semi-Detached House
£1.5M	04/23	1.3 mi	95, Harborne Road, Birmingham B15 3HG	-	-	6	Semi-Detached House
£1.5M	04/23	1.31 mi	95, Harborne Road, Birmingham, West Midlands B15 3HG	£3,823	401	6	Semi-Detached House
£510K	10/24	1.33 mi	35, Monmouth Road, Smethwick B67 5EF	£3,148	162	6	Semi-Detached House
£1.0M	10/22	1.36 mi	7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS	-	-	6	Detached House
£525K	06/21	1.37 mi	71, Croftdown Road, Birmingham, West Midlands B17 8RE	£3,242	162	6	Semi-Detached House
£1.2M	07/25	1.38 mi	48, Fitz Roy Avenue, Birmingham B17 8RJ	-	-	6	Detached House
£160K	03/25	1.47 mi	44, Doulton Drive, Smethwick B66 1RA	£1,000	160	6	Detached House
£160K	03/25	1.47 mi	44, Doulton Drive, Smethwick B66 1RA	-	-	6	Detached House
£1.9M	08/22	1.54 mi	112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ	£7,198	257	6	Detached House
£1.0M	10/24	1.63 mi	14, Victoria Road, Harborne, Birmingham B17 0AH	-	-	6	Detached House
£1.0M	10/24	1.63 mi	14, Victoria Road, Harborne, Birmingham B17 0AH	£3,155	317	6	Detached House
£655K	07/24	1.69 mi	53, Tennal Road, Harborne, Birmingham B32 2JD	£3,853	170	6	Detached House
£655K	07/24	1.69 mi	53, Tennal Road, Harborne, Birmingham B32 2JD	-	-	6	Detached House
£1.1M	05/25	1.82 mi	28, Greening Drive, Birmingham B15 2XA	£3,667	300	6	Detached House
£1.1M	05/25	1.82 mi	28, Greening Drive, Birmingham B15 2XA	-	-	6	Detached House
£375K	07/24	1.9 mi	47, Scholars Close, Birmingham, West Midlands B21 0UB	£2,953	127	6	Semi-Detached House
£260K	06/21	1.9 mi	18, Scholars Close, Birmingham, West Midlands B21 0UB	£1,857	140	6	Semi-Detached House
£375K	07/24	1.92 mi	47, Scholars Close, Birmingham B21 0UB	-	-	6	Semi-Detached House

Local Area Statistics

Population in B17	25,62525,625
Population in Birmingham	1,034,8211,034,821
Town centre distance	3.30 miles away3.30 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.11 miles away1.11 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-12%-12%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+16%+16%

Property History

Price changed to £479,000

March 20, 2025

Listed for £495,000

July 24, 2024

Description

CLOSE TO BIRMINGHAM CITY CENTER +
BUS STOP AROUND THE CORNER FROM THE PROPERTY TWO MINUTES WALK +
FRONT DRIVEWAY +
HMO INVESTMENT OPPORTUNITY +
VIEWING HIGHLY RECOMMENDED +

Welcome to Portland Road, Edgbaston, Birmingham - a stunning semi-detached house boasting 6 bedrooms and 4 bathrooms. This property is not just a home but a fantastic investment opportunity waiting to be seized!

With 6 spacious bedrooms, including 3 en-suites and a main bathroom, this property offers both comfort and convenience. Whether you're looking to expand your property portfolio or searching for a lucrative investment, this 6-bedroom HMO is a gem waiting to be discovered.

Located in the heart of Edgbaston, the current monthly income revenue is £3,215.00 when fully let, however, has the potentials to earn upto £3,600.00, making it a wise choice for those looking to maximise their returns. The charm of this house combined with its investment potential makes it a rare find in the bustling city of Birmingham.

Don't miss out on the chance to own a property that not only offers a comfortable living space but also promises a steady stream of income. Portland Road is calling - will you answer?

Agent Details

Open House Estate Agents, Nationwide

020 3910 1882

Next Steps?

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

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6 Bed HMO, Birmingham, B17 8LS £479,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

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