6 Bed HMO, Birmingham, B29 7AW, £443,000

Dawlish Road, Birmingham, B29 7AW - 3 views - 5 months ago

HMO
ROI: 2%
~186 m²
+11 photos

ValuationUndervalued

Sold Prices£160K - £1.9M
Sold Prices/m²£2.1K/m² - £7.2K/m²

 

 

Square Metres

~186 m²
Price/m²£2.4K/m²

Value Estimate

£531,600
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£110,750

Stamp Duty & Legal Fees

£24,140

Total Cash In

£134,890

 

 

Cash Out

 

Room Rate

£485

Gross Rent

£2,910

Running Costs/mo

£2,693

Cashflow/mo

£217

Cashflow/yr

£2,604

ROI

2%

Gross Yield

8%

Local Sold Prices

46 sold prices from £160K to £1.9M, average is £842.5K. £2.1K/m² to £7.2K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£332.5K06/210.07 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£455K06/210.1 mi261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB6
£395K02/230.19 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£160K05/230.21 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£815K03/210.34 mi114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED6
£875K10/200.34 mi115, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7HY6
£177K06/210.37 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£177K06/210.39 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£1.2M12/220.42 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£825K01/230.6 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£730K03/210.67 mi4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR6
£775K11/201.03 mi201, Moor Green Lane, Birmingham, West Midlands B13 8NT6
£695K02/231.09 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.09 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£1.3M04/211.22 mi17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT6
£995K04/231.27 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£610K04/211.27 mi177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR6
£870K02/211.31 mi55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP6
£1.9M08/221.45 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£940K03/211.49 mi8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD6
£1.1M03/211.59 mi32, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SG6
£1.2M07/221.59 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£635K10/201.65 mi17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH6
£1.3M07/221.66 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£760K08/221.67 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£1.9M06/221.67 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£1.1M03/211.75 mi34, Chantry Road, Moseley, Birmingham, West Midlands B13 8DJ6
£690K02/211.76 mi13, Milford Road, Harborne, Birmingham, West Midlands B17 9RL6
£295K03/231.78 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£1.3M01/231.82 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£410K12/211.82 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£350K11/211.84 mi66, Middleton Hall Road, Birmingham, West Midlands B30 1BY6
£944K05/231.85 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6
£755K09/221.87 mi75, Bristol Road, Birmingham, West Midlands B5 7TU6
£1.3M12/201.87 mi15, Charlotte Road, Edgbaston, Birmingham, West Midlands B15 2NG6
£640K12/201.89 mi73, Springfield Road, Kings Heath, Birmingham, West Midlands B14 7DU6
£1.0M10/221.92 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£1.5M04/231.94 mi95, Harborne Road, Birmingham, West Midlands B15 3HG6
£725K01/211.95 mi60, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£950K11/221.95 mi58, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£780K01/221.95 mi168, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£1.8M04/211.96 mi10, Chad Road, Birmingham, West Midlands B15 3EN6
£1.3M03/211.96 mi7, Vicarage Road, Edgbaston, Birmingham, West Midlands B15 3ES6
£760K11/221.98 mi184, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£880K09/221.98 mi44, Oxford Road, Moseley, Birmingham, West Midlands B13 9ER6
£1.4M06/211.99 mi9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.61 miles away

Nearest school

0.20 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £443,000

October 3, 2024

Description

  • Sleeps Six Students +
  • Three Bedrooms +
  • Prime Selly Oak Location +
  • Near to University of Birmingham +
  • Call Oakmans Today +

*Prime Student HMO Investment Opportunity in the Heart of Selly Oak*

Presenting an exceptional opportunity to acquire a student HMO property, ideally situated in the heart of Selly Oak, just moments from the University of Birmingham and Queen Elizabeth Hospital. With high demand from students and medical professionals, this property offers significant potential for increased rental returns.

Located in the bustling student hub of Selly Oak, this property benefits from close proximity to the University of Birmingham, Queen Elizabeth Hospital, and a wide range of local amenities, including shops, cafes, and transport links.

High Rental Demand: Situated in a highly sought-after area for students and young professionals, this HMO property guarantees strong and consistent rental demand year-round.

Potential to Increase Returns: The property offers excellent potential for refurbishment or reconfiguration to enhance rental income. Opportunities exist to modernize the interior, add additional amenities, or reconfigure living spaces to maximize rental yields.

Attractive Investment Opportunity: With rising demand in the area, this property presents an ideal investment opportunity for those looking to capitalize on the thriving student rental market.

Easy Access to Transport Links: The property is well-served by public transport, with Selly Oak train station and multiple bus routes nearby, making it easy for tenants to commute to the city centre and beyond.

This HMO property is a fantastic opportunity for investors looking to expand their portfolio in one of Birmingham's most vibrant rental markets. With its prime location, high rental demand, and potential to increase returns, this property is an ideal choice for those seeking strong investment growth. Don’t miss out on this opportunity—contact us today to arrange a viewing.

Freehold
Council tax band B

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 💪