6 Bed HMO, Birmingham, B29 6AW £610,000

663E10 North Road, Selly Oak, B29 6AW - a year ago
HMO
155 m²
Property image
Property image

ValuationOvervalued

Sold Prices£160K - £1.9M
Sold Prices/m²£2.3K/m² - £7.2K/m²

 

 

Square Metres

155 m²
Price/m²£3.9K/m²

Value Estimate

£592,556

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£152,500

Stamp Duty & Legal Fees

£52,200

Total Cash In

£204,700

 

 

Cash Out

 

Room Rate

£559

Gross Rent

£3,354

Running Costs/mo

£3,365

Cashflow/mo

£-11

Cashflow/yr

£-129

Gross Yield

7%

Local Sold Prices

50 sold prices from £160K to £1.9M, average is £874K. £2.3K/m² to £7.2K/m², average is £3.7K/m².

Price
Date
Distance
Address
Beds
 
£160K05/230.11 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£332.5K06/210.27 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£420K02/250.27 mi13, Rookery Road, Selly Oak, Birmingham B29 7DG6
£395K02/230.36 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£177K06/210.52 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£1.2M12/220.68 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£1.2M11/230.68 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£1.2M11/230.68 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£825K01/230.73 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£860K12/221.09 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£860K12/221.09 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.1 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.1 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£1.9M08/221.14 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£695K02/231.15 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.15 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£950K01/231.26 mi217a, Bristol Road, Edgbaston, Birmingham B5 7UB6
£1.2M07/221.3 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£1.0M10/241.3 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.0M10/241.3 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£950K01/231.34 mi217a, Bristol Road, Birmingham, West Midlands B5 7UB6
£1.9M06/221.37 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£1.1M05/251.37 mi28, Greening Drive, Birmingham B15 2XA6
£1.1M05/251.37 mi28, Greening Drive, Birmingham B15 2XA6
£995K04/231.47 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£820K03/251.47 mi79, Reddings Road, Birmingham B13 8LP6
£820K03/251.47 mi79, Reddings Road, Birmingham B13 8LP6
£1.8M04/241.51 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.8M04/241.51 mi38, Carpenter Road, Birmingham B15 2JJ6
£700K06/251.52 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£700K06/251.52 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£1.9M11/231.55 mi63, Wellington Road, Edgbaston, Birmingham B15 2ET6
£888K01/251.56 mi58, Moorcroft Road, Birmingham B13 8LU6
£888K01/251.56 mi58, Moorcroft Road, Birmingham B13 8LU6
£1.0M10/221.62 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£655K07/241.62 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£655K07/241.62 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£1.4M06/211.67 mi9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ6
£1.5M04/231.69 mi95, Harborne Road, Birmingham, West Midlands B15 3HG6
£785K12/221.69 mi104, Lordswood Road, Birmingham, West Midlands B17 9BU6
£1.5M04/231.69 mi95, Harborne Road, Birmingham B15 3HG6
£1.9M11/231.71 mi63, Wellington Road, Edgbaston, Birmingham, West Midlands B15 2ET6
£1.3M07/221.74 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£295K03/231.74 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£707K07/241.76 mi211, Alcester Road, Birmingham B13 8PX6
£755K09/221.78 mi75, Bristol Road, Edgbaston, Birmingham B5 7TU6
£755K09/221.78 mi75, Bristol Road, Birmingham, West Midlands B5 7TU6
£936K12/241.84 mi40, Park Hill, Birmingham B13 8DT6
£760K08/221.95 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£525K06/211.97 mi71, Croftdown Road, Birmingham, West Midlands B17 8RE6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.61 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-56%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £610,000

December 10, 2024

Description

  • Prime Selly Oak Location +
  • Six En-Suites +
  • Turnkey Opportunity +
  • Fantastic Investment Opportunity +

*High-Yield 6-Bedroom HMO Investment Property in Prime Selly Oak Location*

An exceptional opportunity for investors to acquire a six-bedroom, six en-suite HMO property, ideally located in the heart of Selly Oak. Spanning three floors, this well-maintained property generates a gross rental income of £48,108 per annum, offering excellent returns and consistent tenant demand.

Six Bedrooms, All En-Suite: Designed for modern student or professional living, providing privacy and convenience for tenants.

Three Shared Kitchens: Spacious and fully equipped kitchens, ideal for shared accommodation.

Prime Location: Just a short distance from the University of Birmingham, Selly Oak train station, and the vibrant local amenities.

High Rental Income: Gross annual rental income of £48,108, ensuring a solid investment.

Turnkey Opportunity: Fully tenanted, offering immediate returns with no additional setup required.

This property represents a fantastic investment opportunity in one of Birmingham’s most sought-after rental markets.

Contact us today to arrange a viewing and secure this high-performing asset

Agent Details

Oakmans Estate Agents, Birmingham

0121 387 6513

Next Steps?

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