4 Bed HMO, Birmingham, B29 7QA, £290,000

27 Hobson Road, Selly Park, Birmingham, B29 7QA - 6 views - 5 months ago

HMO
ROI: 3%
91 m²
+10 photos

ValuationUndervalued

Sold Prices£125K - £900K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

91 m²
Price/m²£3.2K/m²

Value Estimate

£341,649
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,100

Total Cash In

£83,600

 

 

Cash Out

 

Room Rate

£485

Gross Rent

£1,940

Running Costs/mo

£1,784

Cashflow/mo

£156

Cashflow/yr

£1,876

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £125K to £900K, average is £405.3K. £1.7K/m² to £6.3K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£580K12/200.17 mi841, Pershore Road, Selly Park, Birmingham, West Midlands B29 7LR4
£125K07/210.17 mi26, Wallace Road, Selly Park, Birmingham, West Midlands B29 7ND4
£750K11/220.23 mi63, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH4
£410K02/210.31 mi59, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ4
£428K02/220.31 mi39, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ4
£159.3K11/200.32 mi32, St Stephens Road, Selly Oak, Birmingham, West Midlands B29 7RP4
£410K10/210.34 mi38, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JH4
£239K01/230.35 mi23, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£210K02/210.36 mi20, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£252K01/230.36 mi11, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£590K06/210.36 mi36, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£498K01/210.36 mi68, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£575K02/210.36 mi28, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£562K06/210.36 mi40, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£465K11/200.36 mi231, Moor Green Lane, Birmingham, West Midlands B13 8QL4
£900K05/220.37 mi93, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH4
£563K06/210.37 mi32, Over Mill Drive, Selly Park, Birmingham, West Midlands B29 7JL4
£740K04/230.38 mi21, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QH4
£630K09/200.41 mi58, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£450K05/230.43 mi68, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JB4
£180K11/210.45 mi17, Windrush Grove, Birmingham, West Midlands B29 7SU4
£387K02/230.47 mi23, Holders Gardens, Birmingham, West Midlands B13 8NW4
£378K12/220.54 mi42, Holders Lane, Birmingham, West Midlands B13 8NL4
£325K04/210.57 mi42, Holders Lane, Birmingham, West Midlands B13 8NL4
£215K02/210.58 mi6, Ripple Road, Birmingham, West Midlands B30 2RB4
£380K02/210.59 mi55, Goodby Road, Birmingham, West Midlands B13 8RP4
£404.5K06/210.59 mi12, Mapperley Gardens, Birmingham, West Midlands B13 8RN4
£620K04/230.59 mi36, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU4
£325K03/210.63 mi73, Avenue Road, Kings Heath, Birmingham, West Midlands B14 7TG4
£675K10/200.64 mi34, Goodby Road, Birmingham, West Midlands B13 8NJ4
£385K06/210.66 mi36, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£405.5K06/210.66 mi64, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£402K12/220.66 mi62, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£760K08/220.66 mi134, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED4
£192.5K01/230.66 mi62, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ4
£178K04/230.66 mi64, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ4
£405K10/220.68 mi50, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£375K04/210.69 mi139, Highbury Road, Birmingham, West Midlands B14 7QP4
£330K01/210.7 mi26, Lewis Road, Birmingham, West Midlands B30 2SX4
£676K08/230.72 mi340, Bristol Road, Birmingham, West Midlands B5 7SN4
£705K11/220.72 mi322, Bristol Road, Birmingham, West Midlands B5 7SN4
£440K06/210.74 mi179, Pineapple Road, Birmingham, West Midlands B30 2SY4
£445K02/210.76 mi218, Pineapple Road, Birmingham, West Midlands B30 2TY4
£355K06/210.76 mi155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS4
£355K06/210.76 mi155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS4
£355K06/210.76 mi155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS4
£400.5K01/210.77 mi156, Grange Road, Kings Heath, Birmingham, West Midlands B14 7RR4
£260K09/210.8 mi17, Regent Street, Stirchley, Birmingham, West Midlands B30 2LG4
£690K02/210.82 mi33, Moor Green Lane, Birmingham, West Midlands B13 8NE4
£460K03/230.83 mi38, Station Road, Kings Heath, Birmingham, West Midlands B14 7SR4

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £290,000

December 6, 2024

Listed for £280,000

October 2, 2024

Sold for £156,000

2006

Sold for £82,000

2000

Sold for £34,250

1997

Floor Plans

Description

FOUR BEDROOM TERRACE HOME WITH LOFT ROOM WITH NO UPWARD CHAIN ALSO WITH HMO POTENTIAL! Lovely four bedroom mid-terrace home in this fantastic location in Selly Park which offers not only excellent access into the City Centre, QE Hospital and University via the nearby transport links but also the local attractions which include Cannon Hill Park and Edgbaston Cricket Ground via the River Rea walk which is located behind the house. The property itself has to offer the following centrally heated and double glazed (where stated) accommodation; shallow fore garden, hallway, two reception rooms, kitchen, downstairs shower room and separate WC. To the first floor there are four bedrooms and a further space-saving staircase leading to useable loft room and separate WC. The property also offers a rear garden and no upward chain. Energy Efficiency Rating D. An open day slot is available, to arrange your viewing please call our Moseley sales team.

Approach - With a shallow fore garden leading to wooden front entrance door opening into hallway;

Hallway - With dado rail, ceiling light point, door opening into under stairs storage cupboard for hiding useful storage, stairs giving rise to first floor accommodation and doors opening into first reception room;

Reception Room One - 3.23 into bay window x 2.79 (10'7" into bay window - Having dado rail, double glazed bay window to front aspect, ceiling light point and central heated radiator;

Reception Room Two - 3.83 x 3.73 (12'6" x 12'2") - With double glazed window facing rear aspect, ceiling light point, central heated radiator and dado rail and door leading into kitchen;

Kitchen - 2.02 x 4.22 (6'7" x 13'10") - With wall mounted 'Ideal' combination boiler, white base units and work surfaces, stainless steel sink drainer with mixer tap over, cooker, hob and extractor, built in washing machine, space for fridge freezer and space for dishwasher, lino to flooring, ceiling light point, wall mounted extractor fan, double glazed window with accompanying opaque door leading out onto side aspect and rear garden; open walk way into the inner lobby which leads to separate WC;

Wc - 0.93 x 1.47 (3'0" x 4'9") - Tiling to flooring, sink on pedestal with mixer tap over, low flush wc, opaque double glazed window to side aspect, ceiling light point, ceiling extractor fan and a further door opening into shower room:

Shower Room - 1.85 x 1.41 (6'0" x 4'7") - Low flush WC, sink on pedestal with mixer tap over, shower cubicle with shower attachment above, ceiling spot lights, wall mounted heated towel rail, ceiling extractor fan and double glazed opaque window to rear aspect, continued lino to flooring;

First Floor Landing Area - With ceiling light point, space save stairs giving rise to second floor and doors opening into first bedroom;

Bedroom One - 3.72 x 2.16 (12'2" x 7'1") - With central heated radiator, ceiling light point and double glazed window to front aspect.

Bedroom Two - 3.54 x 2.73 (11'7" x 8'11") - With double glazed window to rear aspect, ceiling light point and central heated radiator.

Bedroom Three - 2.04 x 4.23 (6'8" x 13'10") - With double glazed window to rear aspect, ceiling light point and central heated radiator.

Bedroom Four - 2.16 x 3.71 (7'1" x 12'2") - With double glazed window to front aspect, ceiling light point and central heated radiator, space saving stairs leading to;

Second Floor - Landing area with ceiling light point, door opening into storage space and further door opening into bedroom;

Loft Room - 2.69 with restricted head height x 4. 44 (8'9" wit - With velux window, ceiling light point, eaves storage, wall mounted electric heater and open walk way into separate WC;

Wc - 1.49 x 0.90 (4'10" x 2'11") - With lino to flooring, sink on pedestal with mixer tap over, low flush WC, ceiling light point and ceiling extractor fan.

Garden - Accessed from the kitchen, leading to side return and gate opening into a rear garden with lawned turf area and fencing surround.

Council Tax Band - According to the Direct Gov website the Council Tax Band for 27 Hobson Road Selly Park, Birmingham, B29 7QA is band B and the annual Council Tax amount is approximately £1,620.70 subject to confirmation from your legal representative.

Agent Details

Rice Chamberlains LLP, Moseley

0121 387 6337

Next Steps?

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