5 Bed HMO, Birmingham, B29 6DA £405,000

Tiverton Road, Selly Oak, B29 6DA - 9 views - a year ago
HMO
Inside Article 4
ROI: 1%
~102 m²
Property image

ValuationOvervalued

Sold Prices£228K - £900K
Sold Prices/m²£1.8K/m² - £5.4K/m²

 

 

Square Metres

~101.80 m²
Price/m²£4K/m²

Value Estimate

£318,004

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£101,250

Stamp Duty & Legal Fees

£21,100

Total Cash In

£122,350

 

 

Cash Out

 

Room Rate

£490

Gross Rent

£2,450

Running Costs/mo

£2,376

Cashflow/mo

£74

Cashflow/yr

£886

ROI

1%

Gross Yield

7%

Local Sold Prices

29 sold prices from £228K to £900K, average is £620K. £1.8K/m² to £5.4K/m², average is £3.3K/m².

Price
Date
Distance
Address
Beds
 
£400K06/210.07 mi216, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£260K07/210.07 mi278, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£375K01/250.33 mi13, St Edwards Road, Birmingham, West Midlands B29 7DJ5
£685K10/220.34 mi42, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU5
£730K02/230.35 mi142, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH5
£620K06/210.37 mi49, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH5
£550K12/230.37 mi30, Serpentine Road, Selly Oak, Birmingham B29 7HU5
£550K12/230.37 mi30, Serpentine Road, Selly Oak, Birmingham B29 7HU5
£550K12/230.37 mi30, Serpentine Road, Selly Oak, Birmingham B29 7HU5
£819K03/250.52 mi95, Oakfield Road, Selly Oak, Birmingham B29 7HL5
£280K06/210.53 mi960, Pershore Road, Selly Park, Birmingham, West Midlands B29 7PU5
£795.5K05/230.54 mi41a, Upland Road, Selly Park, Birmingham, West Midlands B29 7JS5
£760K07/240.55 mi57, Woodlands Drive, Birmingham B29 6TU5
£760K07/240.55 mi57, Woodlands Drive, Birmingham B29 6TU5
£532.5K11/240.57 mi9, Frederick Road, Selly Oak, Birmingham B29 6NX5
£745K03/250.59 mi142, Oak Tree Lane, Bournville, Birmingham B29 6HU5
£745K03/250.59 mi142, Oak Tree Lane, Bournville, Birmingham B29 6HU5
£900K08/220.6 mi15, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£710K03/220.61 mi344, Bristol Road, Edgbaston, Birmingham B5 7SN5
£630K03/220.63 mi336, Bristol Road, Edgbaston, Birmingham B5 7SN5
£630K03/220.63 mi336, Bristol Road, Edgbaston, Birmingham B5 7SN5
£630K03/220.67 mi336, Bristol Road, Birmingham, West Midlands B5 7SN5
£710K03/220.67 mi344, Bristol Road, Birmingham, West Midlands B5 7SN5
£228K02/230.67 mi28, Rachel Gardens, Birmingham, West Midlands B29 6NY5
£425K10/230.68 mi911, Bristol Road, Selly Oak, Birmingham B29 6ND5
£383.3K01/230.72 mi6, Brookvale Mews, Selly Park, Birmingham, West Midlands B29 7HP5
£294K05/210.77 mi146, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£556K10/210.85 mi267, Moor Green Lane, Birmingham, West Midlands B13 8QR5
£570K08/230.92 mi51, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QZ5

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

Landlord's market

Rental growth (12m)

-56%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £405,000

December 13, 2024

Sold for £153,000

2009

Floor Plans

Property image

Description

  • Investment +
  • hmo +
  • 5 bedrooms +
  • 9% ROI +
  • Selly Oak Triangle +
  • 3 Bathrooms +

Situated in the heart of Selly Oak, one of the most sought-after locations for student accommodation, this 5-bedroom, 3-bathroom HMO property is a prime investment opportunity. Just a short walk from the University of Birmingham and local amenities, it enjoys consistent tenant demand and strong rental returns.

The property boasts a spacious, open-plan living area, creating a modern and comfortable environment for tenants. Additionally, it offers excellent potential for further extension, providing an opportunity to increase rental income and add value.

Currently tenanted until 2026, the property generates £107 per person per week, with a new tenancy set to begin on 1st July 2025 at an increased rate of £108 per person per week, ensuring a seamless and profitable investment.

With its unbeatable location, strong rental history, and scope for enhancement, this property is an ideal choice for investors looking to expand their portfolio in a high-demand student area.

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 💪