6 Bed HMO, Birmingham, B29 7BQ £380,000

Arley Road, B29 7BQ - 3 views - a year ago
Sold STC
HMO
ROI: 4%
~107 m²
Property image

ValuationUndervalued

Sold Prices£160K - £1.9M
Sold Prices/m²£2.3K/m² - £7.2K/m²

 

 

Square Metres

~107 m²
Price/m²£3.6K/m²

Value Estimate

£424,179
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£29,200

Total Cash In

£124,200

 

 

Cash Out

 

Room Rate

£486

Gross Rent

£2,916

Running Costs/mo

£2,478

Cashflow/mo

£438

Cashflow/yr

£5,259

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £160K to £1.9M, average is £912K. £2.3K/m² to £7.2K/m², average is £3.7K/m².

Price
Date
Distance
Address
Beds
 
£420K02/250.18 mi13, Rookery Road, Selly Oak, Birmingham B29 7DG6
£160K05/230.2 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£332.5K06/210.31 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£395K02/230.45 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£1.2M11/230.47 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£1.2M11/230.47 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£825K01/230.52 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£1.2M12/220.53 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£177K06/210.63 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£860K12/220.88 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£860K12/220.88 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/230.89 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/220.89 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£695K02/230.95 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/230.95 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£950K01/231.07 mi217a, Bristol Road, Edgbaston, Birmingham B5 7UB6
£950K01/231.15 mi217a, Bristol Road, Birmingham, West Midlands B5 7UB6
£1.1M05/251.25 mi28, Greening Drive, Birmingham B15 2XA6
£1.1M05/251.25 mi28, Greening Drive, Birmingham B15 2XA6
£820K03/251.27 mi79, Reddings Road, Birmingham B13 8LP6
£820K03/251.27 mi79, Reddings Road, Birmingham B13 8LP6
£1.9M08/221.28 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£1.2M07/221.3 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£700K06/251.3 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£700K06/251.3 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£888K01/251.34 mi58, Moorcroft Road, Birmingham B13 8LU6
£888K01/251.34 mi58, Moorcroft Road, Birmingham B13 8LU6
£1.8M04/241.37 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.8M04/241.37 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.9M11/231.39 mi63, Wellington Road, Edgbaston, Birmingham B15 2ET6
£1.9M06/221.4 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£1.0M10/241.47 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.0M10/241.47 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.3M07/221.52 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£1.9M11/231.54 mi63, Wellington Road, Edgbaston, Birmingham, West Midlands B15 2ET6
£707K07/241.55 mi211, Alcester Road, Birmingham B13 8PX6
£995K04/231.56 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£755K09/221.61 mi75, Bristol Road, Edgbaston, Birmingham B5 7TU6
£755K09/221.61 mi75, Bristol Road, Birmingham, West Midlands B5 7TU6
£936K12/241.63 mi40, Park Hill, Birmingham B13 8DT6
£1.5M04/231.63 mi95, Harborne Road, Birmingham, West Midlands B15 3HG6
£1.5M04/231.63 mi95, Harborne Road, Birmingham B15 3HG6
£1.0M10/221.77 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£1.4M06/211.79 mi9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ6
£1.3M01/231.79 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£760K08/221.8 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£655K07/241.8 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£655K07/241.8 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£785K12/221.83 mi104, Lordswood Road, Birmingham, West Midlands B17 9BU6
£1.1M11/241.84 mi3, Ascot Road, Birmingham B13 9EN6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.41 miles away

Nearest school

0.30 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-56%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £380,000

September 17, 2024

Floor Plans

Property image

Description

  • Investment +
  • HMO +
  • 6 Bedroom +
  • 2 Bathroom +

This superb 6-bedroom, 2-bathroom property on Arley Road, Selly Oak, presents a fantastic investment opportunity. Ideally situated just a stone's throw from the University of Birmingham, this property is perfectly positioned for student living, ensuring high rental demand year-round.

Currently let until Summer 2025 with a rental income of around £35,000 per annum when fully occupied, this property offers a strong and immediate return on investment. The house has been decorated to a high standard throughout, featuring modern furnishings and quality finishes that appeal to discerning tenants.
The spacious layout includes six well-proportioned bedrooms, each furnished with essentials like a bed, desk, chair, and storage, making it ideal for student accommodation. The two contemporary bathrooms are designed for practicality and comfort, serving the needs of all occupants with ease.

The property also boasts a generous living area, and a fully equipped kitchen with all the necessary appliances for convenient living.

Priced at £380,000, this property not only offers an attractive return on investment but also the security of an ongoing tenancy with strong rental yields. Whether you're an investor seeking a solid addition to your portfolio or someone looking for a reliable income stream, this property is a must-see.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

0121 647 8922

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪