6 Bed HMO, Birmingham, B29 6HX, £475,000

18 Oak Tree Lane, Birmingham, West Midlands, B29 6HX - 5 views - 4 months ago

Sold STC

HMO

ROI: 1%

143 m²

+7 photos

ValuationOvervalued

Sold Prices	£160K - £1.9M
Sold Prices/m²	£2.1K/m² - £7.2K/m²

Square Metres	142.68 m²
Price/m²	£3.3K/m²
Value Estimate	£460,454£460,454

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£118,750£118,750
Stamp Duty & Legal Fees	£26,700£26,700
Total Cash In	£145,450£145,450

Cash Out
Room Rate	£485£485
Gross Rent	£2,910£2,910
Running Costs/mo	£2,803£2,803
Cashflow/mo	£107£107
Cashflow/yr	£1,284£1,284
ROI	1%1%
Gross Yield	7%7%

Local Sold Prices

36 sold prices from £160K to £1.9M, average is £760K. £2.1K/m² to £7.2K/m², average is £3.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£177K	06/21	0.14 mi	29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW	-	-	6	Terraced House
£177K	06/21	0.15 mi	29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW	-	-	6	Terraced House
£395K	02/23	0.33 mi	68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ	£4,341	91	6	Semi-Detached House
£455K	06/21	0.46 mi	261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB	£5,371	85	6	Terraced House
£332.5K	06/21	0.47 mi	143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS	£4,683	71	6	Terraced House
£160K	05/23	0.57 mi	50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE	£2,281	70	6	Terraced House
£815K	03/21	0.85 mi	114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED	-	-	6	Semi-Detached House
£875K	10/20	0.86 mi	115, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7HY	£2,907	301	6	Semi-Detached House
£995K	04/23	0.87 mi	118, Bournville Lane, Birmingham, West Midlands B30 1LT	-	-	6	Detached House
£1.2M	12/22	0.88 mi	44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW	£4,701	251	6	Detached House
£825K	01/23	1.12 mi	2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP	-	-	6	Semi-Detached House
£635K	10/20	1.14 mi	17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH	£2,940	216	6	Detached House
£730K	03/21	1.19 mi	4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR	-	-	6	Detached House
£295K	03/23	1.29 mi	152, Gregory Avenue, Birmingham, West Midlands B29 5DT	-	-	6	Detached House
£1.3M	04/21	1.32 mi	17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT	£3,457	376	6	Detached House
£1.9M	08/22	1.45 mi	112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ	£7,198	257	6	Detached House
£775K	11/20	1.49 mi	201, Moor Green Lane, Birmingham, West Midlands B13 8NT	£3,539	219	6	Detached House
£780K	01/22	1.56 mi	168, Middleton Hall Road, Birmingham, West Midlands B30 1DP	-	-	6	Detached House
£350K	11/21	1.57 mi	66, Middleton Hall Road, Birmingham, West Midlands B30 1BY	£2,121	165	6	Semi-Detached House
£760K	11/22	1.57 mi	184, Middleton Hall Road, Birmingham, West Midlands B30 1DP	£2,630	289	6	Detached House
£695K	02/23	1.61 mi	321, Pershore Road, Birmingham, West Midlands B5 7RY	-	-	6	Detached House
£860K	12/22	1.61 mi	341, Pershore Road, Birmingham, West Midlands B5 7RY	-	-	6	Detached House
£1.1M	03/21	1.63 mi	32, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SG	£4,286	266	6	Semi-Detached House
£690K	02/21	1.68 mi	13, Milford Road, Harborne, Birmingham, West Midlands B17 9RL	£3,108	222	6	Semi-Detached House
£610K	04/21	1.77 mi	177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR	£2,421	252	6	Detached House
£870K	02/21	1.78 mi	55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP	£3,566	244	6	Detached House
£410K	12/21	1.84 mi	82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ	£4,953	83	6	Semi-Detached House
£1.2M	07/22	1.86 mi	128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ	-	-	6	Semi-Detached House
£1.0M	10/22	1.86 mi	7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS	-	-	6	Detached House
£520K	12/20	1.88 mi	107, Bunbury Road, Birmingham, West Midlands B31 2ND	£2,203	236	6	Detached House
£1.9M	06/22	1.89 mi	67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF	£5,755	339	6	Detached House
£750K	10/21	1.93 mi	83, Westhill Road, Birmingham, West Midlands B38 8TG	£2,399	313	6	Detached House
£660K	09/23	1.93 mi	85, Westhill Road, Birmingham, West Midlands B38 8TG	£3,300	200	6	Detached House
£760K	08/22	1.96 mi	30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL	-	-	6	Detached House
£785K	12/22	1.97 mi	104, Lordswood Road, Birmingham, West Midlands B17 9BU	-	-	6	Semi-Detached House
£940K	03/21	1.98 mi	8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD	£3,154	298	6	Detached House

Local Area Statistics

Population in B29	42,51242,512
Population in Birmingham	1,034,8211,034,821
Town centre distance	3.13 miles away3.13 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.31 miles away0.31 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	-16%-16%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £475,000

November 15, 2024

Sold for £160,000

2010

Floor Plans

Description

* HMO INVESTMENT OPPORTUNITY *

Set over three floors, this six double bedroom, four bathroom property located in Selly Oak within walking distance of the University of Birmingham and the Queen Elizabeth Hospital which is currently rented out for this academic year with a HMO licence.

Public transport links are in abundance with many bus routes available on Oak Tree Lane and Bristol Road (A38) in to the City Centre and beyond, Selly Oak Train Station is within less than half a mile’s walk. Selly Oak is also home to two retail parks providing shops, restaurants and supermarket.

Agent Details

Dixons, Selly Oak

0121 387 6291

Next Steps?

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