6 Bed HMO, Birmingham, B29 7BN, £495,000

12 Luton Road, Birmingham, West Midlands, B29 7BN - 5 views - 8 months ago

HMO
ROI: 4%
125 m²
+9 photos

ValuationOvervalued

Sold Prices£160K - £1.9M
Sold Prices/m²£2.3K/m² - £7.2K/m²

 

 

Square Metres

125 m²
Price/m²£4K/m²

Value Estimate

£461,243

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£28,300

Total Cash In

£152,050

 

 

Cash Out

 

Room Rate

£572

Gross Rent

£3,432

Running Costs/mo

£2,987

Cashflow/mo

£445

Cashflow/yr

£5,345

ROI

4%

Gross Yield

8%

Local Sold Prices

45 sold prices from £160K to £1.9M, average is £860K. £2.3K/m² to £7.2K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£815K03/210.15 mi114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED6
£160K05/230.21 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£875K10/200.28 mi115, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7HY6
£332.5K06/210.31 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£455K06/210.4 mi261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB6
£395K02/230.45 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£825K01/230.5 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£1.2M12/220.51 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£730K03/210.54 mi4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR6
£177K06/210.63 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£177K06/210.66 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£695K02/230.88 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/220.88 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£775K11/201.01 mi201, Moor Green Lane, Birmingham, West Midlands B13 8NT6
£1.3M04/211.04 mi17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT6
£610K04/211.18 mi177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR6
£870K02/211.24 mi55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP6
£1.9M08/221.31 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£1.2M07/221.32 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£940K03/211.38 mi8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD6
£1.1M03/211.42 mi32, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SG6
£1.9M06/221.42 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£1.3M07/221.51 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£995K04/231.56 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£1.3M12/201.59 mi15, Charlotte Road, Edgbaston, Birmingham, West Midlands B15 2NG6
£755K09/221.6 mi75, Bristol Road, Birmingham, West Midlands B5 7TU6
£1.1M03/211.64 mi34, Chantry Road, Moseley, Birmingham, West Midlands B13 8DJ6
£1.5M04/231.64 mi95, Harborne Road, Birmingham, West Midlands B15 3HG6
£690K02/211.65 mi13, Milford Road, Harborne, Birmingham, West Midlands B17 9RL6
£1.3M03/211.67 mi7, Vicarage Road, Edgbaston, Birmingham, West Midlands B15 3ES6
£1.8M04/211.67 mi10, Chad Road, Birmingham, West Midlands B15 3EN6
£1.3M01/231.77 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£760K08/221.77 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£1.0M10/221.79 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£1.4M06/211.81 mi9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ6
£944K05/231.82 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6
£785K12/221.86 mi104, Lordswood Road, Birmingham, West Midlands B17 9BU6
£631K11/201.86 mi43, Gillhurst Road, Birmingham, West Midlands B17 8PD6
£635K10/201.91 mi17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH6
£725K01/211.92 mi60, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£950K11/221.92 mi58, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£640K12/201.93 mi73, Springfield Road, Kings Heath, Birmingham, West Midlands B14 7DU6
£880K09/221.94 mi44, Oxford Road, Moseley, Birmingham, West Midlands B13 9ER6
£295K03/231.96 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£820K11/221.98 mi19, Forest Road, Moseley, Birmingham, West Midlands B13 9DL6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.40 miles away

Nearest school

0.30 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £495,000

July 26, 2024

Sold for £69,950

2001

Floor Plans

Description

  • Six bedroom HMO property +
  • Fantastic location a stones throw from University of Birmingham +
  • Three storeys +
  • Open plan kitchen living space +
  • Six double bedrooms +
  • Shower room on each floor +
  • Let until 30th June 2025 +

Stunning terraced house boasting 6 bedrooms, 3 bathrooms, and 1 reception room. This property is a fantastic investment opportunity as a 6-bedroom HMO.

Situated just a stone's throw away from the prestigious University of Birmingham, this property is in a prime location for students or investors looking to capitalize on the bustling student population in the area. With the property let until June 2025 - enjoy a steady income stream right from the start.

The house itself offers ample space for comfortable living with its 6 well-appointed bedrooms, all with built in storage cupboards, and 3 modern bathrooms. The open plan kitchen and reception room provides a open space for tenants to relax and entertain guests.

A must see property!

Entrance Hall - 4.5 x 1.05 (14'9" x 3'5") -

Kitchen / Lounge - 6.7 x 3.3 (21'11" x 10'9") -

Downstairs Shower Room - 2.48 x 0.97 (8'1" x 3'2") -

First Floor Shower Room - 2.15 x 2.05 (7'0" x 6'8") -

Second Floor Shower Room - 2.1 x 0.96 (6'10" x 3'1") -

Bedroom 1 - 3.49 x 2.27 (11'5" x 7'5") -

Bedroom 2 - 3.97 x 2.03 (13'0" x 6'7") -

Bedroom 3 - 2.48 x 3.56 (8'1" x 11'8" ) -

Bedroom 4 - Awaiting measurements

Bedroom 5 - 3.02 x 3.32 (9'10" x 10'10") -

Bedroom 6 - 2.66 x 3.42 (8'8" x 11'2" ) -

Agent Details

Direct Housing, Birmingham

0121 387 6791

Next Steps?

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