5 Bed HMO, Birmingham, B16 9DY, £360,000

Daisy Road, B16 9DY - 6 months ago

HMO
Refurb/BRRR
~178 m²
+3 photos

ValuationFair Value

Sold Prices£230K - £1.8M
Sold Prices/m²£1.6K/m² - £5.7K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2K/m²

Value Estimate

£360,000

 

 

End Value (After Refurb)

£487,569

Uplift in Value

+35%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£70,546

Bridging Loan Interest

£9,450

Total Cash In

£196,446

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£487,569

Agent Fees (1%)

£4,876

Bridging Loan

£270,000

Bridging Loan Interest

£9,450

Flip Profit

£16,247

Local Sold Prices

35 sold prices from £230K to £1.8M, average is £568K. £1.6K/m² to £5.7K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£360K04/230.16 mi79, Mariner Avenue, Birmingham, West Midlands B16 9DF5
£325K02/210.19 mi1, Noel Road, Birmingham, West Midlands B16 9PS5
£530K06/210.36 mi35, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£645K07/220.36 mi45, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£530K06/210.36 mi35, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£390K01/210.4 mi96, Gillott Road, Birmingham, West Midlands B16 0ES5
£295K11/220.41 mi32, Gillott Road, Birmingham, West Midlands B16 0EZ5
£450K09/220.43 mi21, Rotton Park Street, Birmingham, West Midlands B16 0AE5
£840K11/220.46 mi26, Rotton Park Road, Birmingham, West Midlands B16 9JL5
£700K03/230.48 mi32, Rotton Park Road, Birmingham, West Midlands B16 9JL5
£635K12/210.49 mi87, Portland Road, Edgbaston, Birmingham, West Midlands B16 9QX5
£480K11/210.49 mi88, Rotton Park Road, Birmingham, West Midlands B16 0LH5
£490K07/230.49 mi133, Rotton Park Road, Birmingham, West Midlands B16 0LJ5
£575K12/220.51 mi6, Jacey Road, Birmingham, West Midlands B16 0LL5
£425K01/230.51 mi33, Hallewell Road, Birmingham, West Midlands B16 0LP5
£900K10/200.51 mi11, Vicarage Road, Edgbaston, Birmingham, West Midlands B15 3ES5
£635K12/210.54 mi87, Portland Road, Edgbaston, Birmingham, West Midlands B16 9QX5
£847K03/220.6 mi38, Melville Road, Birmingham, West Midlands B16 9JR5
£525K12/200.61 mi84, Harborne Road, Birmingham, West Midlands B15 3HN5
£885K06/230.66 mi10, Statham Drive, Birmingham, West Midlands B16 0TF5
£617K05/230.66 mi410, Gillott Road, Birmingham, West Midlands B16 9LP5
£620K07/220.69 mi19, Melville Road, Birmingham, West Midlands B16 9LN5
£568K03/230.71 mi21, Melville Road, Birmingham, West Midlands B16 9LN5
£1000K09/200.74 mi12, Astonbury, Birmingham, West Midlands B15 3QB5
£885K06/230.74 mi8, Astonbury, Birmingham, West Midlands B15 3QB5
£450K07/220.77 mi70, Stanmore Road, Birmingham, West Midlands B16 9TB5
£230K10/200.78 mi100, Aberdeen Street, Birmingham, West Midlands B18 7DL5
£425K11/220.8 mi296, City Road, Birmingham, West Midlands B16 0NE5
£1.8M01/230.87 mi79, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF5
£1.3M01/210.89 mi36, Frederick Road, Edgbaston, Birmingham, West Midlands B15 1JN5
£1.3M01/210.89 mi36, Frederick Road, Edgbaston, Birmingham, West Midlands B15 1JN5
£280K08/210.92 mi209, Heath Street, Birmingham, West Midlands B18 4DA5
£440K02/230.93 mi59, Fountain Road, Birmingham, West Midlands B17 8NP5
£323K04/210.94 mi39, Fountain Road, Birmingham, West Midlands B17 8NP5
£790K09/200.97 mi45, George Road, Edgbaston, Birmingham, West Midlands B15 1PL5

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.46 miles away

Nearest school

0.30 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Price changed to £360,000

January 27, 2025

Listed for £385,000

September 26, 2024

Description

  • 5 bedroom +
  • 8.5% ROI +
  • Renovated +
  • HMO +
  • Let for 2025-2026 +

This exceptional 5-bedroom property, perfectly situated in the heart of Edgbaston, offers a unique investment opportunity in one of Birmingham's most sought-after student locations. Just a short walk from Birmingham City University, this house is a prime choice for students and young professionals alike, ensuring strong tenant demand year after year.

Key Features:
Prime Student Location: Located in Edgbaston, just minutes from Birmingham City University, making it ideal for students seeking convenience and accessibility.
High-Quality Finish: The property is decorated to a very high standard throughout, with modern furnishings and stylish decor that appeals to discerning tenants. Each of the five spacious bedrooms is designed for comfort, with ample storage and contemporary finishes.
Fully Let Until June 2026: Currently rented out until June 2025 for £35,500 increasing to £37,282 per annum with bills included, guaranteeing immediate income for the new owner.
Excellent Return on Investment: With a return of over 8.5%, this property offers a fantastic ready-to-go investment, providing consistent and reliable income.
Modern Amenities: The house features a fully equipped kitchen, spacious communal living areas, and well-maintained bathrooms, ensuring tenants enjoy a comfortable living experience.
Turnkey Investment: No need for additional renovations or updates—this property is fully set up and operational, attracting high-quality tenants year after year.

This is an outstanding opportunity to acquire a ready-made investment in a thriving rental market. Whether you're expanding your portfolio or making your first investment, this property promises a solid return with no immediate work required.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

0121 647 8922

Next Steps?

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