5 Bed HMO, Birmingham, B16 9DY, £425,000

53 Daisy Road, Birmingham, B16 9DY - 4 views - 5 months ago

HMO
ROI: 5%
~178 m²
+19 photos

ValuationUndervalued

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

 

 

Square Metres

~178.28 m²
Price/m²£2.4K/m²

Value Estimate

£522,839
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Room Rate

£622

Gross Rent

£3,110

Running Costs/mo

£2,590

Cashflow/mo

£520

Cashflow/yr

£6,238

ROI

5%

Gross Yield

9%

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
£325K02/210.2 mi1, Noel Road, Birmingham, West Midlands B16 9PS5
£530K06/210.35 mi35, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£645K07/220.35 mi45, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£530K06/210.35 mi35, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£390K01/210.39 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
£525K12/200.62 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

2.47 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

Listed for £425,000

October 3, 2024

Description

  • Great Location +
  • Immaculate Student Property +
  • Call Oakmans Today +

*FANTASTIC STUDENT PROPERTY HUGE OPEN PLAN KITCHEN LIVING AREA – FIVE BEDROOMS – THREE BATHROOMS*

Introducing this immaculately presented HMO investment opportunity, offering accommodation briefly comprising of; Five bedrooms, three bathrooms, modern open plan kitchen living area and a large rear garden.

Great rental income of £3109.10pcm including all utilities.

Set in a great location near the Queen Elizabeth Hospital, Birmingham University and the medical School. Being just outside the main student area the popular area of Harborne offers various shops, bars and restaurants and has easy access to the City centre. This is great location and properties in this area go quickly, Call Oakmans Today for more information.

We have been advised by the owner that the property is freehold and the council tax is band is B.

Please note that this should be verified by your legal representative and Oakmans Estate Agents cannot be held responsible if the information is incorrect

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 💪