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

13 Arley Road, Birmingham, West Midlands, B29 7BQ - 3 views - 6 months ago

Sold STC
HMO
ROI: 5%
103 m²
+1 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£19,100

Total Cash In

£114,100

 

 

Cash Out

 

Room Rate

£486

Gross Rent

£2,917

Running Costs/mo

£2,478

Cashflow/mo

£439

Cashflow/yr

£5,268

ROI

5%

Gross Yield

9%













Property History

Listed for £380,000

September 17, 2024

Sold for £195,000

2004

Sold for £78,000

2002

Floor Plans

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

020 3514 1592

Next Steps?

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