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

Tiverton Road, Selly Oak, B29 6DA - 4 views - 3 months ago

HMO
ROI: 1%
~102 m²
+2 photos

ValuationOvervalued











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%













Property History

Listed for £405,000

December 13, 2024

Sold for £153,000

2009

Floor Plans

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 💪

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