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5 Bed HMO, Birmingham, B29 6PB £350,000
522E10 Frederick Road, Birmingham, B29 6PB - 14 views - a year ago
HMO
Inside Article 4
ROI: 3%
188 m²
ValuationUndervalued
| Sold Prices | £228K - £932K |
| Sold Prices/m² | £2.1K/m² - £5.4K/m² |
| |
Square Metres | 188 m² |
| Price/m² | £1.9K/m² |
Value Estimate | £437,500 |
| BMV | 25% |
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
30 sold prices from £228K to £932K, average is £607.3K. £2.1K/m² to £5.4K/m², average is £3.6K/m².
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 | Landlord's market |
Rental growth (12m) | -56% |
Sales demand | Seller's market |
Capital growth (5yrs) | +30% |
Property History
Listed for £350,000
October 3, 2024
Floor Plans
Description
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