4 Bed HMO, Birmingham, B17 8JL, £285,000

28 Swindon Road, Birmingham, West Midlands, B17 8JL - 20 views - 6 months ago

HMO
Refurb/BRRR
ROI: 6%
71 m²
+2 photos

ValuationOvervalued

Sold Prices£85K - £1.1M
Sold Prices/m²£924/m² - £6.3K/m²

 

 

Square Metres

71 m²
Price/m²£4K/m²

Value Estimate

£168,015

 

 

End Value (After Refurb)

£243,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£28,036

Bridging Loan Interest

£7,481

Total Cash In

£120,018

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£243,000

Mortgage (After Refinance)

£182,250

Mortgage LTV

75%

Cash Left In

£120,018

Equity

£60,750

Room Rate

£568

Gross Rent

£2,272

Running Costs/mo

£1,695

Cashflow/mo

£577

Cashflow/yr

£6,922

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £85K to £1.1M, average is £345K. £924/m² to £6.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£305K09/210.12 mi164, Poplar Avenue, Edgbaston, Birmingham, West Midlands B17 8EP4
£439.6K10/200.21 mi27, Wadhurst Road, Birmingham, West Midlands B17 8JF4
£265K06/210.26 mi38, Arthur Harris Close, Smethwick, West Midlands B66 4NX4
£265K06/210.26 mi38, Arthur Harris Close, Smethwick, West Midlands B66 4NX4
£330K08/230.26 mi22, Arthur Harris Close, Smethwick, West Midlands B66 4NX4
£352.5K10/210.28 mi125, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HN4
£422.5K06/210.3 mi7, Brook Way, Birmingham, West Midlands B16 0QR4
£422.5K06/210.31 mi7, Brook Way, Birmingham, West Midlands B16 0QR4
£300K06/210.35 mi38, Barley Road, Birmingham, West Midlands B16 0QE4
£358K12/220.35 mi34, Barley Road, Birmingham, West Midlands B16 0QE4
£310K07/210.36 mi20, Ravenshaw Road, Birmingham, West Midlands B16 0TE4
£321.5K06/230.36 mi18, Ravenshaw Road, Birmingham, West Midlands B16 0TE4
£305K05/220.38 mi225, City Road, Birmingham, West Midlands B16 0PU4
£360K11/200.41 mi105, Sandon Road, Birmingham, West Midlands B17 8EE4
£310K01/220.41 mi126, Stanmore Road, Birmingham, West Midlands B16 0SX4
£85K12/220.42 mi78, Florence Road, Smethwick, West Midlands B66 4QS4
£445K11/210.43 mi45, Stanmore Road, Birmingham, West Midlands B16 9SU4
£445K11/210.43 mi45, Stanmore Road, Birmingham, West Midlands B16 9SU4
£315K11/220.45 mi52, Crown Street, Smethwick, West Midlands B66 4SP4
£275K09/230.45 mi66, Claremont Road, Smethwick, West Midlands B66 4JY4
£435K11/220.53 mi26, Barnsley Road, Birmingham, West Midlands B17 8ED4
£370K01/220.6 mi6, Hallewell Road, Birmingham, West Midlands B16 0LR4
£555K02/220.61 mi17, Melville Road, Birmingham, West Midlands B16 9LN4
£385K12/200.61 mi1, Melville Road, Birmingham, West Midlands B16 9LN4
£395K01/210.61 mi50, Wheatsheaf Road, Birmingham, West Midlands B16 0RY4
£395K01/210.61 mi50, Wheatsheaf Road, Birmingham, West Midlands B16 0RY4
£480K06/230.62 mi40, Manor Road North, Birmingham, West Midlands B16 9JS4
£472.5K11/200.66 mi11, Selwyn Road, Birmingham, West Midlands B16 0SH4
£316K08/220.67 mi72, Selwyn Road, Birmingham, West Midlands B16 0SW4
£287K11/220.67 mi354, Rotton Park Road, Birmingham, West Midlands B16 0LA4
£1.1M02/210.68 mi18, Hermitage Road, Edgbaston, Birmingham, West Midlands B15 3UR4
£250K10/210.69 mi85, Selwyn Road, Birmingham, West Midlands B16 0SL4
£625K02/210.71 mi47, Selwyn Road, Birmingham, West Midlands B16 0SJ4
£350K07/230.71 mi98a, Lightwoods Road, Smethwick, West Midlands B67 5BH4
£243.5K09/210.73 mi88, Pargeter Road, Smethwick, West Midlands B67 5HZ4
£357.5K07/230.74 mi35, Loxley Road, Smethwick, West Midlands B67 5BL4
£305K01/210.74 mi35, Loxley Road, Smethwick, West Midlands B67 5BL4
£270K12/220.76 mi34, Cavendish Road, Birmingham, West Midlands B16 0HZ4
£222K06/220.76 mi17, Twyning Road, Edgbaston, Birmingham, West Midlands B16 0HJ4
£225K08/230.77 mi79, Woodlands Street, Smethwick, West Midlands B66 3TD4
£170K08/210.79 mi55, Cuin Road, Smethwick, West Midlands B66 3TU4
£285K03/230.8 mi46, Rathbone Road, Bearwood, Smethwick, West Midlands B67 5JG4
£811K11/220.81 mi110, Knightlow Road, Harborne, Birmingham, West Midlands B17 8QA4
£125K03/210.82 mi6, Cuin Walk, Smethwick, West Midlands B66 3JD4
£560K11/200.82 mi90, Knightlow Road, Harborne, Birmingham, West Midlands B17 8QA4
£141.5K04/210.83 mi5, Norton Close, Smethwick, West Midlands B66 3JA4
£730K12/200.83 mi51, Knightlow Road, Harborne, Birmingham, West Midlands B17 8PX4
£867.5K11/220.84 mi119, Knightlow Road, Harborne, Birmingham, West Midlands B17 8PX4
£339.9K12/200.85 mi258, Galton Road, Smethwick, West Midlands B67 5JL4
£840K03/210.86 mi8, Don Close, Birmingham, West Midlands B15 3PN4

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £285,000

October 28, 2024

Sold for £96,000

2014

Description

  • Near To Birmingham City Hospital +
  • Fantastic Investment Opportunity +
  • Three Floors +
  • Loft Conversion With En-Suite +
  • Modern Kitchen +
  • Modern Bathroom +
  • Very Well Kept +
  • Downstairs W/C +

*High-Spec Four-Bedroom HMO Investment Property Across Three Floors – £27,240 Annual Return*

This immaculately renovated four-bedroom HMO investment property, spanning three floors, offers a fantastic opportunity for investors. Updated throughout to a high specification, this property provides comfortable and modern living for tenants, ensuring strong demand and excellent returns. With a current annual rental income of £27,240, this investment is both lucrative and low-maintenance.

Four Spacious Bedrooms: Designed for comfort and functionality, ideal for student or professional sharers, with the top floor loft room offering an en-suite.

One Shared Bathroom and seperate W/C: Stylishly finished with quality fixtures, serving all tenants with ease.

High-Spec Renovation: Recently renovated throughout to meet high standards, with modern interiors appealing to tenants.

Three Floors: Generous layout across three floors, providing privacy and spaciousness for occupants.

Prime Investment: Offering a strong return of £27,240 per annum, with proven tenant demand, due to Birmingham City Hospital being nearby.

This high-yield investment property combines modern finishes with a desirable layout, making it an ideal addition to any investor’s portfolio. Contact us today to arrange a viewing!

Agent Details

Oakmans Estate Agents, Harborne

0121 387 6780

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪