5 Bed HMO, Birmingham, B26 3ER £385,000

Mardon Road, Birmingham, B26 3ER - 3 views - a year ago
Sold STC
HMO
Planning
Inside Article 4
ROI: 4%
~120 m²
Property image
Property image
Property image

ValuationOvervalued

Sold Prices£251K - £925K
Sold Prices/m²£1.7K/m² - £5.2K/m²

 

 

Square Metres

~119.57 m²
Price/m²£3.2K/m²

Value Estimate

£352,158

 

 

End Value (After Refurb)

£347,156

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£29,700

Refurb Costs

£51,942

Bridging Loan Interest

£10,106

Total Cash In

£189,748

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£347,156

Mortgage (After Refinance)

£260,367

Mortgage LTV

75%

Cash Left In

£189,748

Equity

£86,789

Room Rate

£572

Gross Rent

£2,860

Running Costs/mo

£2,268

Cashflow/mo

£592

Cashflow/yr

£7,109

ROI

4%

Gross Yield

9%

Local Sold Prices

48 sold prices from £251K to £925K, average is £438.8K. £1.7K/m² to £5.2K/m², average is £3.1K/m².

Price
Date
Distance
Address
Beds
 
£275K09/220.08 mi20, Shaftsbury Road, Birmingham, West Midlands B26 3ES5
£365K09/220.29 mi1b, The Farriers, Birmingham, West Midlands B26 3HG5
£425K08/250.5 mi926, Old Lode Lane, Elmdon, Solihull B92 8LW5
£300K04/230.65 mi45, Wells Green Road, Solihull, West Midlands B92 7PG5
£343K06/230.68 mi91, Chaffcombe Road, Birmingham, West Midlands B26 3YB5
£415K06/210.72 mi35, Wells Green Road, Solihull, West Midlands B92 7PF5
£465K08/231.21 mi16, Fernhill Road, Solihull, West Midlands B92 7RT5
£447.5K06/221.36 mi14, Lodge Drive, Birmingham, West Midlands B26 1SB5
£427.5K05/251.38 mi21, Knightsbridge Road, Olton, Solihull B92 8RF5
£427.5K05/251.38 mi21, Knightsbridge Road, Olton, Solihull B92 8RF5
£605K11/241.43 miThe Mansion, Lode Lane, Solihull B92 8NN5
£251K12/211.49 mi93, Outmore Road, Birmingham, West Midlands B33 0XJ5
£400K10/241.54 mi64, Olton Croft, Acocks Green, Birmingham, West Midlands B27 6PG5
£695K10/211.54 mi89, Dove House Lane, Solihull, West Midlands B91 2EQ5
£491K11/241.55 mi89, Station Road, Marston Green, Birmingham B37 7BA5
£365K01/231.57 mi124, Stoney Lane, Yardley, Birmingham, West Midlands B25 8YP5
£430K01/231.61 mi97, Stoney Lane, Yardley, Birmingham, West Midlands B25 8RE5
£330K05/211.61 mi1240, Warwick Road, Acocks Green, Birmingham, West Midlands B27 6PL5
£450K10/241.62 mi97, Stoney Lane, South Yardley, Birmingham B25 8RE5
£480K07/231.63 mi169, Wavers Marston, Birmingham, West Midlands B37 7GP5
£491K09/241.64 mi151, Wavers Marston, Marston Green, Birmingham B37 7GP5
£491K09/241.64 mi151, Wavers Marston, Marston Green, Birmingham B37 7GP5
£465K03/251.65 mi397, Church Road, Stechford And Yardley North, Birmingham B33 8PA5
£465K03/251.65 mi397, Church Road, Stechford And Yardley North, Birmingham B33 8PA5
£316K05/211.65 mi379, Church Road, Yardley, Birmingham, West Midlands B33 8PA5
£375K10/241.66 mi6, Whatcote Green, Solihull, West Midlands B92 9NH5
£300K11/241.67 mi16, Yardley Road, Acocks Green, Birmingham, West Midlands B27 6ED5
£545K07/251.68 mi37, Old Farm Drive, Marston Green, Birmingham B37 7WH5
£607.5K06/211.69 mi16, Kineton Green Road, Solihull, West Midlands B92 7EA5
£385K08/231.7 mi45, Brookvale Grove, Olton, Solihull, West Midlands B92 7JH5
£510K11/241.7 mi103, Wavers Marston, Marston Green, Birmingham B37 7GL5
£510K11/241.7 mi103, Wavers Marston, Birmingham, West Midlands B37 7GL5
£525K08/241.73 mi31, Oakslade Drive, Solihull B92 9QG5
£340K08/231.75 mi31, Douglas Road, Acocks Green, Birmingham, West Midlands B27 6HH5
£315K03/231.77 mi15, Henry Road, Birmingham, West Midlands B25 8AH5
£695K02/231.78 mi56, Luddington Road, Solihull, West Midlands B92 9QH5
£328K05/231.81 mi96, Alexander Road, Acocks Green, Birmingham, West Midlands B27 6HD5
£500K08/221.89 mi20, Brooklands Way, Birmingham, West Midlands B37 7FT5
£540K04/231.92 mi1, Nash Croft, Birmingham, West Midlands B37 7FR5
£925K12/241.94 mi48, Mirfield Road, Solihull B91 1JD5
£460K06/211.95 mi12, Byford Way, Birmingham, West Midlands B37 7GH5
£455K11/241.96 mi100, Arden Road, Acocks Green, Birmingham, West Midlands B27 6AG5
£385K07/211.97 mi26, Flint Green Road, Acocks Green, Birmingham, West Midlands B27 6QA5
£660K12/221.98 mi3, Raddington Drive, Solihull, West Midlands B92 7DU5
£385K01/251.98 mi66, Coleshill Road, Marston Green, Birmingham B37 7HW5
£385K01/251.98 mi66, Coleshill Road, Marston Green, Birmingham B37 7HW5
£385K01/251.98 mi66, Coleshill Road, Marston Green, Birmingham B37 7HW5
£605K08/231.99 mi25, Maple Leaf Drive, Birmingham, West Midlands B37 7JB5

Local Area Statistics

Population in B26

32,456

Population in Birmingham

1,034,821

Town centre distance

4.27 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Price changed to £385,000

March 4, 2025

Listed for £400,000

October 14, 2024

Floor Plans

Property image

Description

  • Unique extended five-bedroom family home +
  • Potential for conversion to HMO (subject to planning) +
  • Two spacious reception rooms +
  • Well-appointed kitchen and utility area +
  • Guest WC for added convenience +
  • Five comfortable bedrooms +
  • Family bathroom and separate shower room +
  • Side garage and off-road parking for multiple cars +
  • Generous rear garden for outdoor enjoyment +
  • Offered with no upward chain, ensuring a seamless transition +

Partridge Homes proudly presents this exceptional extended five-bedroom family residence to the market. Perfectly blending space, versatility, and investment potential, this property offers an ideal setting for family living or astute investment opportunities, including the potential for conversion into a House in Multiple Occupation (HMO), subject to planning permissions.

Boasting a generous layout, the property features two spacious reception rooms, a well-appointed kitchen, convenient utility area, guest WC, five comfortable bedrooms, a family bathroom, and a separate shower room. Additional amenities include a side garage, ample off-road parking for multiple vehicles, and a rear garden, creating a perfect balance of indoor and outdoor living.

With the added benefit of being offered with no upward chain, this property demands an internal viewing to truly appreciate its size, potential, and unique charm. Contact us today to arrange your viewing and discover the endless possibilities awaiting within.

Approach
The property is set back from the road behind a paved driveway providing off road parking for several cars with access to garage, and door leading to porch.

Porch
Having further door leading to entrance hallway.

Entrance Hallway
Having doors leading to reception rooms and kitchen, central heating radiator, and stairs leading to first floor accommodation.

Reception Room One 3.40m (10'14") x 5.31m (12'65")
Having double glazed bay window to front, central heating radiator, and feature fireplace with surround.

Reception Room Two 4.06m (9'52") x 5.21m (14'37")
Having double glazed window to rear, double glazed door leading to rear garden, central heating radiator, and feature fireplace with surround.

Kitchen 3.84m (12'7") x 2.39m (7'10")
Fitted with a range of wall, drawer, and base level units with work surface over incorporating sink with drainer and mixer tap over, breakfast bar area, space for cooker and fridge freezer, tiling to splash prone areas, double glazed window to rear, central heating radiator, and door leading to utility.

Utility 4.75m (13'31") x 4.70m (8'89")
Having space for white goods, wall units, having doors leading to garage, guest w/c, and rear garden, and double glazed window to rear.

Guest W/C 1.88m (4'26") x 1.78m (4'22")
Having low level flush w/c, wash hand basin, and central heating radiator

First Floor Accommodation
Landing
Having doors leading to bedrooms and bathroom.

Bedroom One 6.05m (12'94") x 4.95m (9'87")
Having double glazed bay window to front, and central heating radiator.

Bedroom Two 6.35m (14'82") x 4.93m (9'86")
Having double glazed window to rear, and central heating radiator.

Bedroom Three 4.44m (10'55") x 3.28m (9'21")
Having double glazed window to front, and central heating radiator.

Bedroom Four 5.36m (10'91") x 3.73m (7'63")
Having double glazed window to rear, and central heating radiator.

Bedroom Five 2.74m (5'48") x 2.74m (8'12")
Having double glazed window to front, and central heating radiator.

Bathroom
This larger than average bathroom has been fitted with bath, low level flush w/c, pedestal wash hand basin, central heating towel rail, tiling to walls, and obscure double glazed window to rear.

Shower Room
Fitted with shower unit, vanity sink unit, tiling to walls, and central heating radiator.

Outside
Rear Garden
Mainly laid to lawn with paved patio area, a range of shrubs and plants, and fencing to boundaries.

Side Garage
Having up and over garage door to front.

Agent Details

Partridge Homes, Birmingham

0121 387 6370

Next Steps?

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