5 Bed HMO, Birmingham, B29 6PB, £350,000

522E10 Frederick Road, Birmingham, B29 6PB - 7 views - 5 months ago

HMO
ROI: 3%
188 m²
+6 photos

ValuationUndervalued

Sold Prices£200K - £795.5K
Sold Prices/m²£2.5K/m² - £4.3K/m²

 

 

Square Metres

188 m²
Price/m²£1.9K/m²

Value Estimate

£437,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Room Rate

£481

Gross Rent

£2,405

Running Costs/mo

£2,177

Cashflow/mo

£228

Cashflow/yr

£2,733

ROI

3%

Gross Yield

8%

Local Sold Prices

20 sold prices from £200K to £795.5K, average is £497.5K. £2.5K/m² to £4.3K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£228K02/230.17 mi28, Rachel Gardens, Birmingham, West Midlands B29 6NY5
£200K02/210.17 mi6, Lottie Road, Selly Oak, Birmingham, West Midlands B29 6JZ5
£294K05/210.23 mi146, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£302K11/200.23 mi142, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£570K08/230.39 mi51, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QZ5
£246.5K03/210.39 mi9, Bideford Drive, Selly Oak, Birmingham, West Midlands B29 6QG5
£400K06/210.48 mi216, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£260K07/210.5 mi278, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£410K09/200.51 mi78, Dale Road, Birmingham, West Midlands B29 6AG5
£685K11/200.58 mi57, Linden Road, Bournville, Birmingham, West Midlands B30 1JT5
£425K02/210.73 mi26, Bournbrook Road, Birmingham, West Midlands B29 7BJ5
£575K01/220.75 mi79, Middle Park Road, Selly Oak, Birmingham, West Midlands B29 4BP5
£685K10/220.76 mi42, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU5
£730K02/230.85 mi142, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH5
£620K06/210.92 mi49, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH5
£710K03/220.93 mi344, Bristol Road, Birmingham, West Midlands B5 7SN5
£395K12/200.95 mi3, Mimosa Close, Birmingham, West Midlands B29 4DA5
£617.5K06/220.97 mi46, Bryony Road, Birmingham, West Midlands B29 4BU5
£795.5K05/230.98 mi41a, Upland Road, Selly Park, Birmingham, West Midlands B29 7JS5
£597K06/220.99 mi62, Griffins Brook Lane, Birmingham, West Midlands B30 1QA5

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

3.11 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £350,000

October 3, 2024

Floor Plans

Description

  • Fantastic HMO Opportunity +
  • Prime Selly Oak Location +
  • Near To University of Birmingham +
  • Near To Queen Elizabeth Hospital +
  • Near To Selly Oak Train Station +
  • Potential To Develop To Increase Rental Income +
  • No Upward Chain +
  • Please View Virtual Tour +

*Prime HMO Investment Opportunity in Selly Oak*

Unlock the potential of this outstanding High Occupancy Property (HMO) investment in the heart of Selly Oak. Boasting a generous period design, this expansive property features five bedrooms and two bathrooms, making it an ideal income-generating opportunity. Situated in a prime location near the Queen Elizabeth Hospital, University of Birmingham, and Selly Oak Train Station, this HMO presents an enticing prospect for investors seeking a strategic addition to their portfolio. With the added advantage of further development potential, this property offers a pathway to maximizing rental income.

The location ensures a steady demand for rental properties from students, hospital staff, and professionals.

Embrace the character of a large period property, offering spacious rooms and traditional architectural details that add a touch of charm.

The property comprises five bedrooms and two bathrooms, providing an ideal layout for an HMO investment.
The versatile configuration caters to the high-demand student and professional rental market.

Seize the opportunity to increase rental income by further developing the property. Explore the potential for additional bedrooms or communal spaces to enhance the property's earning capacity.

Residents benefit from the convenience of being within easy reach of local amenities, including shops, restaurants, and public transportation.

With its strategic location and existing layout, this property is poised to deliver a solid return on investment in the lucrative HMO market.

Selly Oak is a vibrant and growing area, making this investment not only financially sound but also promising in terms of long-term value.
Proximity to educational and medical institutions ensures a consistent demand for rental properties.

We have been advised by the owner that the property is Freehold and the council tax is band C.

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 💪