5 Bed HMO, Birmingham, B17 0PS £335,000

Harborne Park Road, Harborne, B17 0PS - 4 views - a year ago

HMO

ROI: 2%

~178 m²

ValuationUndervalued

Sold Prices	£228K - £1.9M
Sold Prices/m²	£2.1K/m² - £7.6K/m²

Square Metres	~178.28 m²
Price/m²	£1.9K/m²
Value Estimate	£415,400£415,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£83,750£83,750
Stamp Duty & Legal Fees	£15,500£15,500
Total Cash In	£99,250£99,250

Cash Out
Room Rate	£455£455
Gross Rent	£2,275
Running Costs/mo	£2,097£2,097
Cashflow/mo	£178£178
Cashflow/yr	£2,135£2,135
ROI	2%2%
Gross Yield	8%8%

Local Sold Prices

34 sold prices from £228K to £1.9M, average is £700K. £2.1K/m² to £7.6K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£377.5K	11/24	0.01 mi	479, Harborne Park Road, Birmingham B17 0PS	-	-	5	Detached House
£377.5K	11/24	0.02 mi	479, Harborne Park Road, Birmingham, West Midlands B17 0PS	£3,528	107	5	Terraced House
£1.2M	08/24	0.45 mi	21, St Marys Road, Harborne, Birmingham B17 0EY	£4,633	259	5	Detached House
£1.2M	08/24	0.45 mi	21, St Marys Road, Harborne, Birmingham B17 0EY	-	-	5	Detached House
£228K	02/23	0.6 mi	28, Rachel Gardens, Birmingham, West Midlands B29 6NY	£2,714	84	5	Terraced House
£1.6M	03/24	0.64 mi	20, Barlows Road, Birmingham B15 2PL	£5,303	297	5	Detached House
£985K	02/23	0.65 mi	4, Victoria Road, Harborne, Birmingham, West Midlands B17 0AH	£5,157	191	5	Semi-Detached House
£527K	09/21	0.7 mi	56, Station Road, Harborne, Birmingham, West Midlands B17 9LX	£3,378	156	5	Semi-Detached House
£294K	05/21	0.74 mi	146, Lodge Hill Road, Birmingham, West Midlands B29 6NG	£2,882	102	5	Semi-Detached House
£500K	08/24	0.75 mi	32, Serpentine Road, Harborne, Birmingham B17 9RE	-	-	5	Detached House
£532.5K	11/24	0.75 mi	9, Frederick Road, Selly Oak, Birmingham B29 6NX	£3,526	151	5	Semi-Detached House
£637.5K	11/22	0.76 mi	34, Station Road, Harborne, Birmingham, West Midlands B17 9LY	£3,204	199	5	Detached House
£1.9M	07/24	0.76 mi	84, Farquhar Road, Edgbaston, Birmingham B15 2QJ	£7,560	248	5	Detached House
£1.9M	07/24	0.76 mi	84, Farquhar Road, Edgbaston, Birmingham B15 2QJ	-	-	5	Detached House
£500K	08/24	0.76 mi	32, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RE	£4,348	115	5	Terraced House
£760K	10/24	0.77 mi	27, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SN	-	-	5	Semi-Detached House
£1.1M	11/24	0.79 mi	8, Park Hill Road, Birmingham B17 9SL	£6,571	175	5	Semi-Detached House
£717.5K	06/21	0.84 mi	21, Lonsdale Road, Harborne, Birmingham, West Midlands B17 9QX	£4,054	177	5	Terraced House
£785K	06/21	0.84 mi	55, Lonsdale Road, Harborne, Birmingham, West Midlands B17 9QX	-	-	5	Terraced House
£570K	08/23	0.84 mi	51, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QZ	-	-	5	Semi-Detached House
£375K	01/25	0.87 mi	13, St Edwards Road, Birmingham, West Midlands B29 7DJ	£2,885	130	5	Terraced House
£425K	10/23	0.87 mi	911, Bristol Road, Selly Oak, Birmingham B29 6ND	£2,083	204	5	Detached House
£590K	03/25	0.88 mi	32, Rose Road, Birmingham B17 9LJ	£4,069	145	5	Semi-Detached House
£590K	03/25	0.88 mi	32, Rose Road, Birmingham B17 9LJ	-	-	5	Semi-Detached House
£590K	08/21	0.89 mi	66, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HJ	-	-	5	Semi-Detached House
£700K	04/23	0.89 mi	407, Harborne Road, Birmingham, West Midlands B15 3LB	£3,743	187	5	Semi-Detached House
£700K	04/23	0.89 mi	407, Harborne Road, Birmingham B15 3LB	-	-	5	Semi-Detached House
£798K	11/24	0.92 mi	87, Moor Pool Avenue, Birmingham, West Midlands B17 9DS	£6,234	128	5	Semi-Detached House
£600K	06/22	0.94 mi	48, Kingscote Road, Birmingham, West Midlands B15 3JY	£5,085	118	5	Semi-Detached House
£1.2M	05/25	0.94 mi	26, Kingscote Road, Birmingham B15 3JY	£5,863	197	5	Semi-Detached House
£1.2M	05/25	0.94 mi	26, Kingscote Road, Birmingham B15 3JY	-	-	5	Semi-Detached House
£810K	03/25	0.95 mi	43, Kingscote Road, Birmingham B15 3LA	-	-	5	Semi-Detached House
£777.5K	03/25	0.98 mi	98, Wentworth Road, Harborne, Birmingham B17 9SY	£5,218	149	5	Terraced House
£777.5K	03/25	0.98 mi	98, Wentworth Road, Harborne, Birmingham B17 9SY	-	-	5	Terraced House

Local Area Statistics

Population in B17	25,62525,625
Population in Birmingham	1,034,8211,034,821
Town centre distance	3.03 miles away3.03 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.50 miles away0.50 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-12%-12%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £335,000

October 3, 2024

Sold for £124,000

2006

Floor Plans

Description

Fantastic HMO Student Investment Property +
Fantastic Location +
Five Bedrooms Three Bathrooms +
Near to Queen Elizabeth Hospital +
Near To University of Birmingham +
Near To Harborne High Street +

*FANTASTIC STUDENT HMO INVESTMENT PROPERTY * GREAT LOCATION NEAR TO UNIVERSITY & HOSPITAL * FIVE BEDROOMS THREE BATHROOMS*

Oakmans offer a fantastic HMO investment opportunity in a prime Harborne location near to University of Birmingham and Queen Elizabeth Hospital.

The property offers 5 bedrooms and 3 bathrooms over three floors, and is currently rented until June 2024 at a rental income of £2,275pcm / £27,300 p/a, there is potential to increase this further.

We have been advised the property is freehold with no upward chain.

Please call Oakmans today to arrange your viewing!

Front -

Agent Details

Oakmans Estate Agents, Birmingham

0121 387 6513

Next Steps?

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

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