6 Bed House, Refurb/BRRR, Birmingham, B29 6BU, £500,000

Tiverton Road, Selly Oak, B29 6BU - 7 months ago

Refurb/BRRR
ROI: 1%
~186 m²
+2 photos

ValuationFair Value

Sold Prices£160K - £1.9M
Sold Prices/m²£2.1K/m² - £7.2K/m²

 

 

Square Metres

~186 m²
Price/m²£2.7K/m²

Value Estimate

£500,000

 

 

End Value (After Refurb)

£550,084

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£73,671

Bridging Loan Interest

£13,125

Total Cash In

£252,246

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£550,084

Mortgage (After Refinance)

£412,563

Mortgage LTV

75%

Cash Released

£37,563

Cash Left In

£214,683

Equity

£137,521

Rent Range

£368 - £4,715

Rent Estimate

£2,315

Running Costs/mo

£2,202

Cashflow/mo

£113

Cashflow/yr

£1,356

ROI

1%

Gross Yield

6%

Local Sold Prices

40 sold prices from £160K to £1.9M, average is £777.5K. £2.1K/m² to £7.2K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£455K06/210.06 mi261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB6
£332.5K06/210.18 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£395K02/230.19 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£177K06/210.31 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£177K06/210.32 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£160K05/230.35 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£1.2M12/220.42 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£815K03/210.46 mi114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED6
£825K01/230.66 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£730K03/210.74 mi4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR6
£775K11/201.03 mi201, Moor Green Lane, Birmingham, West Midlands B13 8NT6
£995K04/231.14 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£695K02/231.18 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.18 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£610K04/211.3 mi177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR6
£870K02/211.32 mi55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP6
£1.3M04/211.35 mi17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT6
£940K03/211.52 mi8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD6
£635K10/201.56 mi17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH6
£1.9M08/221.56 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£760K08/221.59 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£410K12/211.69 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£350K11/211.7 mi66, Middleton Hall Road, Birmingham, West Midlands B30 1BY6
£1.1M03/211.71 mi32, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SG6
£1.3M07/221.72 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£1.2M07/221.74 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£295K03/231.75 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£1.1M03/211.78 mi34, Chantry Road, Moseley, Birmingham, West Midlands B13 8DJ6
£1.9M06/221.82 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£1.3M01/231.82 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£780K01/221.82 mi168, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£640K12/201.84 mi73, Springfield Road, Kings Heath, Birmingham, West Midlands B14 7DU6
£944K05/231.84 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6
£760K11/221.85 mi184, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£690K02/211.87 mi13, Milford Road, Harborne, Birmingham, West Midlands B17 9RL6
£725K01/211.94 mi60, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£950K11/221.94 mi58, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£880K09/221.98 mi44, Oxford Road, Moseley, Birmingham, West Midlands B13 9ER6
£755K09/221.98 mi75, Bristol Road, Birmingham, West Midlands B5 7TU6
£1.3M12/202 mi15, Charlotte Road, Edgbaston, Birmingham, West Midlands B15 2NG6

Local Rents

50 rents from £368/mo to £4.7K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£3,00312/240 miTiverton Road, Selly Oak, Birmingham7
£1,71612/240.01 miTiverton Road, Birmingham4
£58512/240.01 mi259 Tiverton Road, Selly Oak, B29 6DB6
£56312/240.02 mi232 Tiverton Road, Selly Oak, B29 6BU6
£36812/240.02 mi279 Tiverton Road, Selly Oak, B29 6DA4
£2,73012/240.02 miTiverton Road, Birmingham6
£1,68012/240.02 miTiverton Road, Birmingham4
£1,68012/240.02 miTiverton Road, Birmingham4
£3,82212/240.03 miTiverton Road, Birmingham7
£3,48612/240.03 mi£114.95 PPPW for Group of 7 People. Tiverton Rd, B29 6DB. 5-10mins walk to University of Birmingham7
£69312/240.04 mi167 Hubert Road, Selly Oak, Birmingham, B29 6ET6
£2,78612/240.04 miHubert Road, Birmingham7
£2,34012/240.04 miTiverton Road, Birmingham5
£1,73212/240.04 miHubert Road, Birmingham4
£2,10012/240.04 miHubert Road, Birmingham5
£3,48812/240.04 mi191 Hubert Road, Selly Oak, Birmingham7
£3,24112/240.04 miTiverton Road, Birmingham7
£2,65212/240.05 mi231 Tiverton Road B29 6BW6
£1,49512/240.05 mi280 Tiverton Road, Selly Oak, Birmingham3
£1,43012/240.05 mi278 Tiverton Road, Selly Oak, Birmingham3
£3,79212/240.05 mi149 Hubert Road, Selly Oak, Birmingham7
£3,85012/240.05 miTiverton Road, Birmingham7
£3,16812/240.05 miTiverton Road, Birmingham6
£2,57412/240.05 miHubert Road, Selly Oak, Birmingham6
£3,24612/240.05 miHubert Road, Birmingham6
£3,30012/240.05 miHubert Road, Birmingham6
£2,29012/240.05 miTiverton Road - 3 bath student property6
£49012/240.05 miTiverton Road, Selly Oak5
£58512/240.05 miTiverton Road, Selly Oak7
£3,51012/240.05 miTiverton Road, Birmingham, B296
£1,73212/240.05 miHubert Road, Birmingham4
£2,83212/240.05 miDawlish Road, Birmingham6
£2,83212/240.05 miDawlish Road, Birmingham6
£3,16812/240.06 miHubert Road, Birmingham6
£3,25012/240.06 miTiverton Road - ensuite student property6
£4,71512/240.06 miTiverton Road - ensuite student property8
£3,66612/240.06 miTiverton Road, Selly Oak - student property9
£42012/240.06 mi**£97 P.P.P.W ** Prime location for students**Birmingham, B298
£55012/240.06 mi**£127 P.P.P.W** Bills included **spacious ensuit bedrooms** Birmingham, B297
£49812/240.06 mi**£115 P.P.P.W ** *All Double bedrooms** Close to uni and to train station** 4
£53312/240.06 mi**£122.50 P.P.P.W** ***Prime location for students ** Birmingham, B296
£42512/240.06 miTiverton Road, Selly Oak8
£49812/240.06 miTiverton Road, Birmingham, B29 6DB7
£39012/240.06 miTiverton Road, Selly Oak8
£2,99012/240.06 miTiverton Road, Birmingham, B296
£2,57612/240.06 miHubert Road, Birmingham7
£45512/240.06 mi202 Dawlish Road, Selly Oak, B29 7AT5
£1,71612/240.06 miDawlish Road, Birmingham4
£2,36612/240.06 mi290 Tiverton Road, B29 6BY6
£53712/240.06 mist stephens road selly oak , Birmingham, B293

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £500,000

September 11, 2024

Description

  • 6 double bedrooms +
  • En-suite property +
  • Close to the University of Birmingham +
  • Close to local amenities +

Exceptional Investment Opportunity in Selly Oak, Birmingham

Unlock the Potential of Your Portfolio with Easy Letting Birmingham

Attention, savvy landlords and forward-thinking investors! We are thrilled to present an exciting addition to your property portfolio - a remarkable 6-bedroom student property in the heart of Selly Oak, Birmingham.

This spacious property offers 6 comfortable bedrooms and 6 ensuites, providing ample living space for students. Whether studying, relaxing, or socializing, this property has it all.

Position your investment for success! With its proximity to the prestigious University of Birmingham, this property holds immense potential to attract students seeking convenience and accessibility.

Take advantage of the property's prime location, situated close to local amenities such as shops, restaurants, and transport links. Students will appreciate the convenience of having everything they need within reach.

Picture this property as your blank canvas, ready to be transformed into a student haven. Let your creative vision come to life and cater to the needs and preferences of the modern student demographic.

From contemporary design upgrades to optimising the space for communal living, the potential to maximise rental income is vast. Take advantage of the strong demand for quality student accommodation in Selly Oak.

Expertise You Can Trust: With a proven track record in the student property market, Easy Letting Birmingham understands what landlords and investors need to succeed.

We offer tailored guidance to help you navigate the renovation process and transform this property into a student gem that stands out in the market.

The demand for well-located, quality student properties is rising. Secure your investment in an area known for its student population and enjoy consistent rental income.

Seize the Opportunity! Don't miss your chance to add this incredible 6-bedroom student property to your portfolio. This investment promises great returns with its proximity to the University of Birmingham and local amenities.

Contact Us Today!

  Phone:

  Email: 

 Website: Easy Lettings Birmingham - Letting & Estate Agents

At Easy Letting Birmingham, we're not just about finding properties but about creating investment opportunities that align with your goals. Invest wisely and embark on a journey of lucrative student accommodation with us.

Don't Miss Out!

Take advantage of this lucrative opportunity to expand your property portfolio. Book a viewing today to experience the potential of this property firsthand.

Contact Easy Lettings Birmingham Ltd to learn more about this investment opportunity. Hurry - properties in this sought-after area don't stay on the market for long!

Agent Details

Easy Lettings (Birmingham) Ltd, Birmingham

0121 472 6969

Next Steps?

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