ValuationOvervalued

Sold Prices	£228K - £932K
Sold Prices/m²	£1.8K/m² - £5.4K/m²

Square Metres	78.40 m²
Price/m²	£3.8K/m²
Value Estimate	£245,723£245,723

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£87,700£87,700

Cash Out
Room Rate	£400£400
Gross Rent	£2,000
Running Costs/mo	£1,916£1,916
Cashflow/mo	£84£84
Cashflow/yr	£1,005£1,005
ROI	1%1%
Gross Yield	8%8%

Local Sold Prices

32 sold prices from £228K to £932K, average is £625K. £1.8K/m² to £5.4K/m², average is £3.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£532.5K	11/24	0.16 mi	9, Frederick Road, Selly Oak, Birmingham B29 6NX	£3,526	151	5	Semi-Detached House
£228K	02/23	0.29 mi	28, Rachel Gardens, Birmingham, West Midlands B29 6NY	£2,714	84	5	Terraced House
£425K	10/23	0.3 mi	911, Bristol Road, Selly Oak, Birmingham B29 6ND	£2,083	204	5	Detached House
£400K	06/21	0.33 mi	216, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP	£3,279	122	5	Terraced House
£260K	07/21	0.36 mi	278, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP	£3,333	78	5	Terraced House
£745K	03/25	0.36 mi	142, Oak Tree Lane, Bournville, Birmingham B29 6HU	£4,488	166	5	Semi-Detached House
£745K	03/25	0.36 mi	142, Oak Tree Lane, Bournville, Birmingham B29 6HU	-	-	5	Semi-Detached House
£294K	05/21	0.37 mi	146, Lodge Hill Road, Birmingham, West Midlands B29 6NG	£2,882	102	5	Semi-Detached House
£760K	07/24	0.38 mi	57, Woodlands Drive, Birmingham B29 6TU	£4,153	183	5	Detached House
£760K	07/24	0.38 mi	57, Woodlands Drive, Birmingham B29 6TU	-	-	5	Detached House
£375K	01/25	0.48 mi	13, St Edwards Road, Birmingham, West Midlands B29 7DJ	£2,885	130	5	Terraced House
£570K	08/23	0.52 mi	51, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QZ	-	-	5	Semi-Detached House
£685K	10/22	0.63 mi	42, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU	-	-	5	Detached House
£550K	12/23	0.64 mi	30, Serpentine Road, Selly Oak, Birmingham B29 7HU	£3,986	138	5	Detached House
£550K	12/23	0.64 mi	30, Serpentine Road, Selly Oak, Birmingham B29 7HU	-	-	5	Detached House
£550K	12/23	0.64 mi	30, Serpentine Road, Selly Oak, Birmingham B29 7HU	£3,986	138	5	Detached House
£730K	02/23	0.71 mi	142, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH	-	-	5	Detached House
£620K	06/21	0.77 mi	49, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH	-	-	5	Semi-Detached House
£377.5K	11/24	0.8 mi	479, Harborne Park Road, Birmingham, West Midlands B17 0PS	£3,528	107	5	Terraced House
£819K	03/25	0.8 mi	95, Oakfield Road, Selly Oak, Birmingham B29 7HL	-	-	5	Detached House
£377.5K	11/24	0.81 mi	479, Harborne Park Road, Birmingham B17 0PS	-	-	5	Detached House
£710K	03/22	0.83 mi	344, Bristol Road, Edgbaston, Birmingham B5 7SN	-	-	5	Detached House
£630K	03/22	0.86 mi	336, Bristol Road, Edgbaston, Birmingham B5 7SN	£5,431	116	5	Detached House
£630K	03/22	0.86 mi	336, Bristol Road, Edgbaston, Birmingham B5 7SN	-	-	5	Detached House
£795.5K	05/23	0.86 mi	41a, Upland Road, Selly Park, Birmingham, West Midlands B29 7JS	-	-	5	Detached House
£575K	01/22	0.87 mi	79, Middle Park Road, Selly Oak, Birmingham, West Midlands B29 4BP	-	-	5	Detached House
£735K	09/23	0.89 mi	5, Swarthmore Road, Birmingham B29 4NG	£4,742	155	5	Detached House
£630K	03/22	0.9 mi	336, Bristol Road, Birmingham, West Midlands B5 7SN	-	-	5	Detached House
£710K	03/22	0.91 mi	344, Bristol Road, Birmingham, West Midlands B5 7SN	£3,777	188	5	House
£932K	11/24	0.93 mi	8, Middle Park Close, Birmingham B29 4BT	-	-	5	Detached House
£280K	06/21	0.93 mi	960, Pershore Road, Selly Park, Birmingham, West Midlands B29 7PU	£1,818	154	5	Terraced House
£900K	08/22	0.94 mi	15, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ	-	-	5	Detached House

Local Area Statistics

Population in B29	42,51242,512
Population in Birmingham	1,034,8211,034,821
Town centre distance	3 miles away3 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-56%-56%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+30%+30%

Property History

Listed for £300,000

August 9, 2024

Sold for £150,000

2008

Description

Investment +
Tenanted until July 2025 +
Ready to go investment +
5 Bedrooms +
2 Bathrooms +
HMO +

Presenting a fantastic investment opportunity in the sought-after area of Selly Oak, this spacious 5-bedroom, 2-bathroom HMO property is spread over three floors, offering ample living space.

The ground floor benefits from a well-executed rear extension, enhancing the property's appeal and functionality.

With a current rental income of £24,000 per annum, this property generates a healthy yield, making it an attractive proposition for investors.

Situated in a popular student area, close to the University of Birmingham, local amenities, and excellent transport links, this property ensures consistent demand and high occupancy rates.

**Let until June 2025! **