5 Bed HMO, Birmingham, B29 7DE, £365,000

20 Coronation Road, Birmingham, West Midlands, B29 7DE - 13 views - 7 months ago

Sold STC
HMO
Refurb/BRRR
ROI: 4%
~82 m²
+10 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£17,900

Refurb Costs

£32,478

Bridging Loan Interest

£9,581

Total Cash In

£152,960

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£361,250

Mortgage (After Refinance)

£270,938

Mortgage LTV

75%

Cash Left In

£152,960

Equity

£90,313

Room Rate

£572

Gross Rent

£2,860

Running Costs/mo

£2,316

Cashflow/mo

£544

Cashflow/yr

£6,528

ROI

4%

Gross Yield

9%













Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.56 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £365,000

August 23, 2024

Sold for £92,000

2002

Floor Plans

Description

  • Prime Selly Oak Location +
  • Potential To Develop +

*Five-Bedroom Student HMO in Prime Selly Oak Location – Ideal Investment Opportunity*

Presenting an excellent investment opportunity, this five-bedroom student HMO property is perfectly situated in the heart of Selly Oak, close to the University of Birmingham and Queen Elizabeth Hospital. With potential for renovation, this property offers the chance to increase rental returns and maximize its investment potential.

Given the prime location and student demand in Selly Oak, there is excellent potential to achieve high rental returns, especially with renovation and upgrades.

Tenants will benefit from easy access to local amenities, including shops, cafes, restaurants, and excellent public transport links, making this a highly attractive location for students.

Don’t miss the chance to capitalize on this prime student rental market—contact us today to arrange a viewing.

Agent Details

Oakmans Estate Agents, Birmingham

0121 387 6513

Next Steps?

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