4 Bed HMO, Birmingham, B29 7AT, £365,000

Dawlish Road, B29 7AT - 1 views - 4 months ago

HMO
~129 m²
+1 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

£455,100
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£18,300

Total Cash In

£109,550

 

 

Cash Out

 

Room Rate

£490

Gross Rent

£1,960

Running Costs/mo

£2,046

Cashflow/mo

£-86

Cashflow/yr

£-1,031

Gross Yield

6%

Local Sold Prices

50 sold prices from £125K to £900K, average is £395.5K. £1.7K/m² to £6.3K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£192.5K01/230.21 mi62, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ4
£178K04/230.21 mi64, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ4
£355K06/210.26 mi155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS4
£355K06/210.26 mi155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS4
£355K06/210.26 mi155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS4
£900K05/220.29 mi93, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH4
£620K04/230.34 mi36, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU4
£750K11/220.35 mi63, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH4
£450K05/230.42 mi68, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JB4
£410K02/210.45 mi59, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ4
£428K02/220.45 mi39, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ4
£760K08/220.46 mi134, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED4
£159.3K11/200.47 mi32, St Stephens Road, Selly Oak, Birmingham, West Midlands B29 7RP4
£210K02/210.5 mi20, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£252K01/230.5 mi11, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£180K11/210.51 mi17, Windrush Grove, Birmingham, West Midlands B29 7SU4
£580K12/200.51 mi841, Pershore Road, Selly Park, Birmingham, West Midlands B29 7LR4
£239K01/230.51 mi23, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£410K10/210.52 mi38, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JH4
£563K06/210.53 mi32, Over Mill Drive, Selly Park, Birmingham, West Midlands B29 7JL4
£310K01/230.57 mi27, Rebecca Drive, Birmingham, West Midlands B29 6TP4
£125K07/210.57 mi26, Wallace Road, Selly Park, Birmingham, West Midlands B29 7ND4
£355K12/200.59 mi95, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HR4
£676K08/230.64 mi340, Bristol Road, Birmingham, West Midlands B5 7SN4
£389K10/200.65 mi110, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HT4
£705K11/220.65 mi322, Bristol Road, Birmingham, West Midlands B5 7SN4
£725K12/220.68 mi949, Bristol Road, Selly Oak, Birmingham, West Midlands B29 6ND4
£470K04/210.7 mi950, Bristol Road, Selly Oak, Birmingham, West Midlands B29 6NB4
£260K09/210.72 mi17, Regent Street, Stirchley, Birmingham, West Midlands B30 2LG4
£215K02/210.73 mi6, Ripple Road, Birmingham, West Midlands B30 2RB4
£274K02/210.76 mi177, Harborne Lane, Selly Oak, Birmingham, West Midlands B29 6SS4
£274K02/210.76 mi177, Harborne Lane, Selly Oak, Birmingham, West Midlands B29 6SS4
£274K02/210.76 mi177, Harborne Lane, Selly Oak, Birmingham, West Midlands B29 6SS4
£350K12/200.77 mi72, Kingfisher Way, Birmingham, West Midlands B30 1TG4
£355K01/210.77 mi62, Bournville Lane, Birmingham, West Midlands B30 2LJ4
£270K02/210.78 mi57, Bournville Lane, Birmingham, West Midlands B30 2LP4
£323K10/210.81 mi138, Lodge Hill Road, Birmingham, West Midlands B29 6NG4
£590K06/210.87 mi36, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£498K01/210.87 mi68, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£575K02/210.87 mi28, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£562K06/210.87 mi40, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£520K03/210.9 mi8, Meadow Rise, Birmingham, West Midlands B30 1UZ4
£740K04/230.9 mi21, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QH4
£625K02/230.9 mi26, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QU4
£630K09/200.91 mi58, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£465K11/200.92 mi231, Moor Green Lane, Birmingham, West Midlands B13 8QL4
£385K06/210.93 mi36, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£405.5K06/210.93 mi64, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£402K12/220.93 mi62, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£387K02/230.93 mi23, Holders Gardens, Birmingham, West Midlands B13 8NW4

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.65 miles away

Nearest school

0.20 miles away

Nearest train station

0.32 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 £370,000

November 22, 2024

Sold for £185,000

2006

Description

  • Investment +
  • Prime Location +
  • Student triangle +
  • HMO +
  • Development +

Ths fantastic 4-bedroom HMO is located in the heart of the sought-after Selly Oak Triangle, just a short walk from the University of Birmingham. Nestled in one of the most popular locations for students, this property offers an exceptional investment opportunity with development potential.
Currently let until summer 2025, the property provides immediate income and a stable rental track record. It’s a perfect opportunity for savvy investors looking to maximise returns in this high-demand area.
Key Features:
4 Spacious Bedrooms: Ideal for student tenants, offering ample space.
Prime Location: Centrally located, with excellent access to UoB, Selly Oak train station, and the bustling local amenities, including shops, cafes, and entertainment venues.
Development Potential: With plenty of scope to reconfigure, extend, or modernise (STPP), the property offers significant opportunities to enhance rental yield.
Garden Opportunity: The garden extends beyond the current fenced area. The owner will remove the existing rear fence, providing access to the full garden length, adding considerable outdoor space and further potential for development or tenant enjoyment.
HMO: Perfectly positioned to attract long-term student tenants in this highly desirable area.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

020 3514 1592

Next Steps?

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