4 Bed HMO, Birmingham, B29 6DA, £365,000

Tiverton Road, B29 6DA - 3 views - 4 months ago

HMO
Planning
~129 m²
+6 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (26%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Room Rate

£485

Gross Rent

£1,940

Running Costs/mo

£2,076

Cashflow/mo

£-136

Cashflow/yr

£-1,632

Gross Yield

6%













Property History

Price changed to £365,000

January 27, 2025

Listed for £375,000

November 22, 2024

Description

  • Investment +

  • HMO +

  • Development potential +

  • Student Triangle +

4-Bedroom HMO with Exceptional Development Potential in Selly Oak Triangle
Situated in the heart of the highly sought-after Selly Oak Triangle, this spacious 4-bedroom HMO is a fantastic opportunity for investors and developers alike. Located just a short walk from the University of Birmingham, this property benefits from a prime position in a vibrant student area with strong rental demand.
Currently let until summer 2025, this property offers immediate income, making it a perfect addition to your portfolio. The property has been a consistent performer in the student rental market and has excellent potential for further enhancement or development to increase its yield.

Key Features:
4 Double Bedrooms: Well-proportioned, bright, and appealing to student tenants.
Central Location: Moments from UoB, Selly Oak train station, and local amenities including supermarkets, cafes, and restaurants.
Development Potential: Scope to reconfigure or extend the property, subject to planning permissions, to maximize rental income.
HMO: Fully compliant and in a location renowned for high student occupancy rates.
Let Until Summer 2025: Immediate rental income with a proven track record of long-term tenancy appeal.

This property represents an exciting opportunity to secure a foothold in one of Birmingham's most vibrant rental markets, with scope for capital appreciation and yield improvement through thoughtful development or modernization.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

020 3514 1592

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.