5 Bed HMO, Birmingham, B29 6JY, £300,000
31 Lottie Road, Birmingham, West Midlands, B29 6JY - 5 views - 7 months ago
Sold STC
HMO
ROI: 1%
78 m²





+8 photos
ValuationOvervalued
Sold Prices | £200K - £900K |
Sold Prices/m² | £1.8K/m² - £4.2K/m² |
| |
Square Metres | 78.40 m² |
Price/m² | £3.8K/m² |
Value Estimate | £245,723 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £75,000 |
Stamp Duty & Legal Fees | £12,700 |
Total Cash In | £87,700 |
| |
Cash Out | |
Room Rate | £400 |
Gross Rent | £2,000 |
Running Costs/mo | £1,916 |
Cashflow/mo | £84 |
Cashflow/yr | £1,005 |
ROI | 1% |
Gross Yield | 8% |
Local Sold Prices
22 sold prices from £200K to £900K, average is £572.5K. £1.8K/m² to £4.2K/m², average is £3.1K/m².
Local Area Statistics
Population in B29 | 42,512 |
Population in Birmingham | 1,034,821 |
Town centre distance | 3 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.18 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | -16% |
Sales demand | Seller's market |
Capital growth (5yrs) | +27% |
Property History
Listed for £300,000
August 9, 2024
Sold for £150,000
2008
Description
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