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
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