4 Bed HMO, Birmingham, B18 5LB £300,000

Soho Avenue, Birmingham, B18 5LB - 40 views - a year ago
HMO
ROI: 6%
~129 m²
Property image

ValuationOvervalued

Sold Prices£77K - £480K
Sold Prices/m²£856/m² - £3.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.3K/m²

Value Estimate

£232,259

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Room Rate

£589

Gross Rent

£2,356

Running Costs/mo

£1,910

Cashflow/mo

£446

Cashflow/yr

£5,357

ROI

6%

Gross Yield

9%

Local Sold Prices

45 sold prices from £77K to £480K, average is £250K. £856/m² to £3.7K/m², average is £2.1K/m².

Price
Date
Distance
Address
Beds
 
£230K07/210.26 mi49, Lansdowne Road, Handsworth, Birmingham, West Midlands B21 9AS4
£250K08/240.28 mi46a, Barker Street, Birmingham B19 1EP4
£250K08/240.28 mi46a, Barker Street, Birmingham B19 1EP4
£285K11/240.33 mi19, John Street, Birmingham B19 1NT4
£285K11/240.34 mi19, John Street, Birmingham, West Midlands B19 1NT4
£285K12/220.42 mi71, Holly Road, Handsworth, Birmingham, West Midlands B20 2BX4
£77K03/220.44 mi4, Pearl Place, Birmingham B19 1QE4
£77K03/220.44 mi4, Pearl Place, Birmingham B19 1QE4
£276.1K09/240.45 mi37, Heathfield Road, Lozells And East Handsworth, Birmingham B19 1HA4
£276.1K09/240.45 mi37, Heathfield Road, Lozells And East Handsworth, Birmingham B19 1HA4
£385K01/220.46 mi5, Shakespear Crescent, Hockley, Birmingham, West Midlands B18 5BT4
£385K01/220.46 mi5, Shakespear Crescent, Birmingham B18 5BT4
£385K01/220.46 mi5, Shakespear Crescent, Birmingham B18 5BT4
£250K11/220.51 mi36, West Drive, Handsworth, Birmingham, West Midlands B20 3SU4
£370K09/210.52 mi28, Gibson Road, Birmingham, West Midlands B20 3UE4
£187.5K07/250.53 mi8, Keepers Close, Birmingham B18 5SN4
£396K11/220.55 mi26, North Drive, Handsworth, Birmingham, West Midlands B20 3SZ4
£410K06/230.56 mi45, Beaudesert Road, Birmingham, West Midlands B20 3TQ4
£190K11/240.61 mi31, Arthur Road, Lozells And East Handsworth, Birmingham B21 9HY4
£407K03/250.63 mi56, Gibson Road, Birmingham B20 3UD4
£210K11/220.66 mi66, Boulton Road, Birmingham, West Midlands B21 0QY4
£407K03/250.67 mi56, Gibson Road, Birmingham, West Midlands B20 3UD4
£212K07/230.68 mi353, Farm Street, Birmingham, West Midlands B19 2UF4
£280K06/230.68 mi123, Lozells Street, Birmingham B19 2AP4
£280K06/230.68 mi123, Lozells Street, Birmingham B19 2AP4
£300K09/230.69 mi22, Winston Drive, Birmingham, West Midlands B20 3TS4
£215K04/250.73 mi20, Handsworth New Road, Birmingham B18 4PT4
£215K04/250.73 mi20, Handsworth New Road, Birmingham B18 4PT4
£185K04/230.76 mi5, Brunswick Gardens, Birmingham, West Midlands B21 9AG4
£165K09/220.79 mi10, Church Vale, Birmingham, West Midlands B20 3SH4
£230K07/210.79 mi53, Robert Road, Birmingham, West Midlands B20 3RS4
£205K12/220.81 mi52, Unett Street, Birmingham, West Midlands B19 3BL4
£480K10/240.84 mi22, Hinstock Road, Birmingham B20 2EU4
£480K10/240.84 mi22, Hinstock Road, Birmingham B20 2EU4
£266K10/220.85 mi83, Sycamore Road, Handsworth, Birmingham, West Midlands B21 0QW4
£225K01/230.86 mi25, Sycamore Road, Handsworth, Birmingham, West Midlands B21 0QW4
£240K03/250.86 mi194, Grove Lane, Lozells And East Handsworth, Birmingham B20 2EX4
£240K03/250.86 mi194, Grove Lane, Lozells And East Handsworth, Birmingham B20 2EX4
£235K06/250.86 mi196, Grove Lane, Lozells And East Handsworth, Birmingham B20 2EX4
£235K06/250.86 mi196, Grove Lane, Lozells And East Handsworth, Birmingham B20 2EX4
£390K10/220.88 mi86, Church Lane, Handsworth, Birmingham, West Midlands B20 2ES4
£201K07/240.94 mi107, Aberdeen Street, Birmingham, West Midlands B18 7DL4
£201K07/240.95 mi107, Aberdeen Street, Birmingham B18 7DL4
£230K02/230.95 mi176, Antrobus Road, Birmingham, West Midlands B21 9NX4
£250K07/220.98 mi18, Endwood Court Road, Birmingham, West Midlands B20 2RY4

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

3.05 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £300,000

November 8, 2024

Floor Plans

Property image

Description

  • No Upward Chain +
  • Two Reception Rooms +
  • Four Bedroom Terraced +
  • Driveway +
  • Gas Central Heating +
  • Sought After Location +
  • Buy To Let Opportunity +
  • Possible HMO Opportunity +

SUMMARY
NO UPWARD CHAIN FOUR BEDROOM MID TERRACED DRIVEWAY WITH GATES TWO STOREYS TWO RECEPTION ROOMS SOUGHT AFTER LOCATION BUY TO LET OPPORTUNITY

DESCRIPTION
NO UPWARD CHAIN

A splendid Four Bedroom Terraced Family Home located in this popular Residential Area with gated parking. This Family Home is deceptively Spacious and we recommend viewings to appreciate this. The property also benefits form a further floor which hosts the 4th Bedroom and would also appeal to Investors looking for a Buy to Let opportunity.

Lounge 15' 6" x 10' 7" ( 4.72m x 3.23m )

Reception Room Two 10' 7" x 12' ( 3.23m x 3.66m )

Kitchen 18' 5" x 8' 4" ( 5.61m x 2.54m )

Downstairs Wet Room 9' 3" x 8' 3" ( 2.82m x 2.51m )

Bedroom One 22' 6" x 11' 2" ( 6.86m x 3.40m )

Bedroom Two 12' x 9' 5" ( 3.66m x 2.87m )

Bedroom Three 10' 7" x 8' 4" ( 3.23m x 2.54m )

Bedroom Four 20' x 14' 2" ( 6.10m x 4.32m )

Family Bathrroom 6' 6" x 5' 5" ( 1.98m x 1.65m )

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Great Barr

0121 387 6334

Next Steps?

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