5 Bed HMO, Birmingham, B29 6EJ, £525,000

Heeley Road, Selly Oak, B29 6EJ - 4 views - 5 months ago

HMO
~178 m²
+5 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Total Cash In

£161,950

 

 

Cash Out

 

Room Rate

£485

Gross Rent

£2,425

Running Costs/mo

£2,783

Cashflow/mo

£-358

Cashflow/yr

£-4,296

Gross Yield

6%













Property History

Listed for £525,000

October 4, 2024

Sold for £69,950

2001

Sold for £58,600

1999

Description

  • Fantastic Student HMO Investment Opportunity +
  • Prime Selly Oak Location +
  • Near To University of Birmingham +
  • Near To Selly Oak Train Station +
  • Modern and Well Presented +
  • Five Bedrooms Five en-Suites +
  • Call Oakmans Today! +
  • Rented Until June 2026 @ £36,400.20 p/a +

*FANTASTIC STUDENT PROPERTY – FIVE BEDROOMS – FIVE EN SUITES*

Introducing this student property rented until July 2026 @ £36,400.20 p/a - offering accommodation briefly comprising of; five bedrooms, five bathrooms and an open plan kitchen living area.

Set in the main student area, this is a prime student location, within walking distance to The University of Birmingham. There are also multiple transport links such as Selly Oak Train Station and bus routes along the A38. Being conveniently central to various bars, restaurants and retail, properties in this location are extremely popular and will go quickly, Call Oakmans Today To Arrange Your Viewing!

We have been advised by the owner that the property is freehold and 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

Approach -

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 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.