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

Tiverton Road, B29 6DA - 4 views - 5 months ago

HMO
Planning
~129 m²
+6 photos

ValuationUndervalued

Sold Prices£125K - £900K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.8K/m²

Value Estimate

£447,562
BMV19%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£18,700

Total Cash In

£109,950

 

 

Cash Out

 

Room Rate

£485

Gross Rent

£1,940

Running Costs/mo

£2,041

Cashflow/mo

£-101

Cashflow/yr

£-1,218

Gross Yield

6%

Local Sold Prices

50 sold prices from £125K to £900K, average is £370K. £1.7K/m² to £6.3K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£192.5K01/230.18 mi62, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ4
£178K04/230.18 mi64, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ4
£355K06/210.25 mi155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS4
£355K06/210.25 mi155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS4
£355K06/210.25 mi155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS4
£900K05/220.32 mi93, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH4
£620K04/230.37 mi36, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU4
£750K11/220.37 mi63, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH4
£450K05/230.45 mi68, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JB4
£159.3K11/200.49 mi32, St Stephens Road, Selly Oak, Birmingham, West Midlands B29 7RP4
£410K02/210.49 mi59, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ4
£428K02/220.49 mi39, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ4
£760K08/220.49 mi134, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED4
£180K11/210.51 mi17, Windrush Grove, Birmingham, West Midlands B29 7SU4
£210K02/210.52 mi20, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£252K01/230.52 mi11, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£239K01/230.52 mi23, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£580K12/200.54 mi841, Pershore Road, Selly Park, Birmingham, West Midlands B29 7LR4
£310K01/230.54 mi27, Rebecca Drive, Birmingham, West Midlands B29 6TP4
£355K12/200.55 mi95, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HR4
£410K10/210.56 mi38, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JH4
£563K06/210.57 mi32, Over Mill Drive, Selly Park, Birmingham, West Midlands B29 7JL4
£125K07/210.61 mi26, Wallace Road, Selly Park, Birmingham, West Midlands B29 7ND4
£725K12/220.65 mi949, Bristol Road, Selly Oak, Birmingham, West Midlands B29 6ND4
£470K04/210.67 mi950, Bristol Road, Selly Oak, Birmingham, West Midlands B29 6NB4
£676K08/230.67 mi340, Bristol Road, Birmingham, West Midlands B5 7SN4
£705K11/220.68 mi322, Bristol Road, Birmingham, West Midlands B5 7SN4
£260K09/210.7 mi17, Regent Street, Stirchley, Birmingham, West Midlands B30 2LG4
£215K02/210.73 mi6, Ripple Road, Birmingham, West Midlands B30 2RB4
£350K12/200.73 mi72, Kingfisher Way, Birmingham, West Midlands B30 1TG4
£274K02/210.74 mi177, Harborne Lane, Selly Oak, Birmingham, West Midlands B29 6SS4
£274K02/210.74 mi177, Harborne Lane, Selly Oak, Birmingham, West Midlands B29 6SS4
£274K02/210.74 mi177, Harborne Lane, Selly Oak, Birmingham, West Midlands B29 6SS4
£355K01/210.76 mi62, Bournville Lane, Birmingham, West Midlands B30 2LJ4
£270K02/210.77 mi57, Bournville Lane, Birmingham, West Midlands B30 2LP4
£323K10/210.77 mi138, Lodge Hill Road, Birmingham, West Midlands B29 6NG4
£520K03/210.86 mi8, Meadow Rise, Birmingham, West Midlands B30 1UZ4
£625K02/230.87 mi26, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QU4
£590K06/210.91 mi36, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£498K01/210.91 mi68, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£575K02/210.91 mi28, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£562K06/210.91 mi40, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£283.5K06/210.92 mi7, Lepid Grove, Birmingham, West Midlands B29 6RU4
£235K05/210.92 mi39, Saunton Way, Birmingham, West Midlands B29 6QH4
£270K06/210.92 mi51, Saunton Way, Birmingham, West Midlands B29 6QH4
£540K06/210.93 mi24, Weoley Hill, Selly Oak, Birmingham, West Midlands B29 4AD4
£740K04/230.93 mi21, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QH4
£465K11/200.95 mi231, Moor Green Lane, Birmingham, West Midlands B13 8QL4
£385K06/210.96 mi36, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£405.5K06/210.96 mi64, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

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 💪