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

North Road, Selly Oak, B29 6AW - 2 views - 3 months ago

HMO
~186 m²
+12 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£152,500

Stamp Duty & Legal Fees

£37,500

Total Cash In

£190,000

 

 

Cash Out

 

Room Rate

£490

Gross Rent

£2,940

Running Costs/mo

£3,274

Cashflow/mo

£-334

Cashflow/yr

£-4,008

Gross Yield

6%













Property History

Listed for £610,000

December 10, 2024

Sold for £70,000

2001

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 💪

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