5 Bed HMO, Birmingham, B16 0LP £350,000

Hallewell Road, Birmingham, B16 0LP - a year ago
HMO
Refurb/BRRR
Inside Article 4
~200 m²
Property image
Property image
Property image

ValuationFair Value

Sold Prices£184K - £885K
Sold Prices/m²£1.1K/m² - £5.5K/m²

 

 

Square Metres

~200 m²
Price/m²£1.8K/m²

Value Estimate

£357,000

 

 

End Value (After Refurb)

£521,014

Uplift in Value

+49%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£86,917

Bridging Loan Interest

£9,188

Total Cash In

£211,554

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£521,014

Agent Fees (1%)

£5,210

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£41,750

Local Sold Prices

50 sold prices from £184K to £885K, average is £585K. £1.1K/m² to £5.5K/m², average is £2.9K/m².

Price
Date
Distance
Address
Beds
 
£425K01/230 mi33, Hallewell Road, Birmingham, West Midlands B16 0LP5
£645K07/220.21 mi45, Selwyn Road, Ladywood, Birmingham B16 0SJ5
£645K07/220.21 mi45, Selwyn Road, Ladywood, Birmingham B16 0SJ5
£490K07/230.21 mi133, Rotton Park Road, Birmingham, West Midlands B16 0LJ5
£357K09/240.21 mi119, Rotton Park Road, Birmingham, West Midlands B16 0LJ5
£645K07/220.23 mi45, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£530K06/210.23 mi35, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£545K03/240.23 mi10, Statham Drive, Birmingham B16 0TF5
£545K03/240.23 mi10, Statham Drive, Birmingham B16 0TF5
£885K06/230.23 mi10, Statham Drive, Birmingham, West Midlands B16 0TF5
£575K12/220.26 mi6, Jacey Road, Birmingham, West Midlands B16 0LL5
£357K09/240.27 mi119, Rotton Park Road, Edgbaston, Birmingham B16 0LJ5
£480K11/210.29 mi88, Rotton Park Road, Birmingham, West Midlands B16 0LH5
£405K04/220.31 mi9, Brook Way, Birmingham B16 0QR5
£405K04/220.31 mi9, Brook Way, Birmingham B16 0QR5
£295K11/220.34 mi32, Gillott Road, Birmingham, West Midlands B16 0EZ5
£635K12/210.38 mi87, Portland Road, Edgbaston, Birmingham, West Midlands B16 9QX5
£425K11/220.39 mi296, City Road, Birmingham, West Midlands B16 0NE5
£200K02/250.39 mi14, Boniface Road, Smethwick B66 4SZ5
£200K02/250.39 mi14, Boniface Road, Smethwick B66 4SZ5
£450K09/230.39 mi363, City Road, Soho, Birmingham B16 0NB5
£450K09/230.39 mi363, City Road, Soho, Birmingham B16 0NB5
£842K12/230.4 mi69, Vernon Road, Birmingham B16 9SQ5
£842K12/230.4 mi69, Vernon Road, Birmingham B16 9SQ5
£700K03/230.43 mi32, Rotton Park Road, Edgbaston, Birmingham B16 9JL5
£700K03/230.43 mi32, Rotton Park Road, Edgbaston, Birmingham B16 9JL5
£735K08/240.43 mi11, Moorland Road, Birmingham B16 9JP5
£735K08/240.43 mi11, Moorland Road, Birmingham B16 9JP5
£617K05/230.44 mi410, Gillott Road, Birmingham, West Midlands B16 9LP5
£840K11/220.46 mi26, Rotton Park Road, Birmingham, West Midlands B16 9JL5
£585K03/240.46 mi61, Portland Road, Edgbaston, Birmingham B16 9HS5
£585K03/240.46 mi61, Portland Road, Edgbaston, Birmingham B16 9HS5
£885K08/240.46 mi7, Moorland Road, Birmingham B16 9JP5
£885K08/240.46 mi7, Moorland Road, Birmingham B16 9JP5
£450K07/220.47 mi70, Stanmore Road, Birmingham, West Midlands B16 9TB5
£700K03/230.48 mi32, Rotton Park Road, Birmingham, West Midlands B16 9JL5
£349.5K05/240.5 mi35, Mariner Avenue, Birmingham B16 9DF5
£349.5K05/240.5 mi35, Mariner Avenue, Birmingham, West Midlands B16 9DF5
£360K04/230.5 mi79, Mariner Avenue, Birmingham, West Midlands B16 9DF5
£251K07/250.5 mi104, Barford Road, Birmingham B16 0EF5
£847K03/220.51 mi38, Melville Road, Birmingham, West Midlands B16 9JR5
£847K03/220.51 mi38, Melville Road, Birmingham B16 9JR5
£585K03/240.53 mi61, Portland Road, Edgbaston, Birmingham, West Midlands B16 9HS5
£812.5K11/240.53 mi19, Montague Road, Edgbaston, Birmingham B16 9HR5
£812.5K11/240.53 mi19, Montague Road, Edgbaston, Birmingham B16 9HR5
£780K05/250.54 mi38, Clarendon Road, Edgbaston, Birmingham B16 9SE5
£780K05/250.54 mi38, Clarendon Road, Edgbaston, Birmingham B16 9SE5
£184K12/240.54 mi49, Perrott Way, Birmingham B17 8LW5
£184K12/240.54 mi49, Perrott Way, Birmingham B17 8LW5
£800K08/240.55 mi36, Clarendon Road, Edgbaston, Birmingham B16 9SE5

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.97 miles away

Nearest school

0.20 miles away

Nearest train station

1.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £350,000

October 14, 2024

Sold for £200,000

2014

Floor Plans

Property image

Description

  • Spacious five bedroom family home +
  • Prime Edgbaston location +
  • No upward chain +
  • Gas fired central heating and double glazing +
  • Porch and hallway +
  • Three reception rooms +
  • Five bedrooms including two attic bedrooms +
  • Family bathroom and separate WC +
  • Gated fore garden +
  • Good size rear garden +

*Imposing Victorian Semi Detached Residence *Sought After Location In Edgbaston *No Upward Chain *Three Reception Rooms *Five Bedrooms *Generous Rear Garden *Possible HMO/Buy To Let Investment Opportunity *In Need Of Some Cosmetic Updating *Viewing Essential. Situated in an established part of Edgbaston, this is a handy place to call home with easy access to the city centre and plenty of public transport on hand. It is within catchment of a variety of popular schools and offers easy access to the motorway network and to train stations in Smethwick and Birmingham. The property is in good order throughout having been maintained well by the current owner but does require some cosmetic upgrading here and there. It therefore offers a great opportunity for a buyer to put their own stamp on it and upgrade it to their own taste and style. Unquestionably it offers a significant amount of space ideal for a growing family with three reception rooms, a separate kitchen, five well proportioned bedrooms, a family bathroom, and an additional WC. This also makes it an attractive proposition to an investor with the potential to convert it into an HMO or separate flats subject to relevant permissions and licence.  Viewing is highly recommended to appreciate the size and potential. The accommodation, which benefits double glazing and a gas fired central heating system, briefly comprises; entrance hall, hallway, sitting room with bay window, living room, family room, kitchen, landing, three bedrooms, family bathroom, separate WC, second floor landing, two further bedrooms. Externally the property benefits a gated foregarden leading to the front door. To the rear is a spacious garden with patio that requires some cultivation and improvement. Rooms and dimensions (where applicable): Porch

Hallway Sitting Room - 14ft x 12ft4 Living Room - 14ft11 x 10ft9 Family Room - 18ft2 x 8ft11 Kitchen - 9ft10 x 8ft11 First Floor Landing Bedroom One - 16ft8 x 14ft Bedroom Three - 14ft11 x 10ft9 Bedroom Four - 12ft3 x 9ft1 Bathroom - 7ft2 x 5ft11 WC Second Floor Landing
Bedroom Two - 16ft8 x 11ft1 Bedroom Five - 10ft9 x 8ft11

EPC Band: E Tenure: Freehold Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, Midlands, South West & Wales

01202 145444

Next Steps?

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