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6 Bed HMO, Smethwick, B67 7HH £450,000


ValuationOvervalued
| Sold Prices | £160K - £1.9M |
| Sold Prices/m² | £1K/m² - £7.2K/m² |
| |
Square Metres | ~107.60 m² |
| Price/m² | £4.2K/m² |
Value Estimate | £215,177£215,177 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £112,500£112,500 |
Stamp Duty & Legal Fees | £36,200£36,200 |
Total Cash In | £148,700£148,700 |
| |
Cash Out | |
Room Rate | £511£511 |
Gross Rent | £3,066£3,066 |
Running Costs/mo | £2,751£2,751 |
Cashflow/mo | £315£315 |
Cashflow/yr | £3,775£3,775 |
ROI | 3%3% |
Gross Yield | 8%8% |
Local Sold Prices
50 sold prices from £160K to £1.9M, average is £475K. £1K/m² to £7.2K/m², average is £2.2K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | ||
| £210K | 01/23 | 0.54 mi | 136, St Pauls Road, Smethwick, West Midlands B66 1HA | £1,458 | 144 | 6 | Semi-Detached House | ||
| £299K | 05/22 | 0.54 mi | 139, St Pauls Road, Smethwick, West Midlands B66 1HA | £2,106 | 142 | 6 | Semi-Detached House | ||
| £295K | 12/21 | 0.74 mi | 30, Narel Sharpe Close, Smethwick, West Midlands B66 1TU | £2,169 | 136 | 6 | Semi-Detached House | ||
| £306K | 12/21 | 0.79 mi | 7, Chance Drive, Smethwick, West Midlands B66 1TT | £2,267 | 135 | 6 | Semi-Detached House | ||
| £160K | 03/25 | 0.97 mi | 44, Doulton Drive, Smethwick B66 1RA | £1,000 | 160 | 6 | Detached House | ||
| £160K | 03/25 | 0.97 mi | 44, Doulton Drive, Smethwick B66 1RA | - | - | 6 | Detached House | ||
| £236K | 07/23 | 1.02 mi | 34, Wellington Road, Smethwick, West Midlands B67 6EU | £1,333 | 177 | 6 | Terraced House | ||
| £220K | 06/23 | 1.03 mi | 21, Bristnall Hall Road, Oldbury, West Midlands B68 9TS | - | - | 6 | Detached House | ||
| £570K | 03/23 | 1.61 mi | 9, Barnsley Road, Birmingham, West Midlands B17 8EB | £2,511 | 227 | 6 | Semi-Detached House | ||
| £300K | 07/24 | 1.68 mi | 79, Beeches Road, West Bromwich, West Midlands B70 6HQ | £1,288 | 233 | 6 | Semi-Detached House | ||
| £440K | 03/24 | 1.72 mi | 9, Mead Avenue, Birmingham B16 0QW | £2,619 | 168 | 6 | Semi-Detached House | ||
| £990K | 11/24 | 1.72 mi | 344, Lordswood Road, Quinton, Birmingham B17 8AN | £4,177 | 237 | 6 | Detached House | ||
| £990K | 11/24 | 1.72 mi | 344, Lordswood Road, Quinton, Birmingham B17 8AN | - | - | 6 | Detached House | ||
| £380K | 08/23 | 1.72 mi | 5, Deerstalker Square, Birmingham B16 0PT | £2,815 | 135 | 6 | Semi-Detached House | ||
| £380K | 08/23 | 1.72 mi | 5, Deerstalker Square, Edgbaston, Birmingham, West Midlands B16 0PT | £2,815 | 135 | 6 | Semi-Detached House | ||
| £510K | 10/24 | 1.73 mi | 35, Monmouth Road, Smethwick B67 5EF | £3,148 | 162 | 6 | Semi-Detached House | ||
| £250K | 08/22 | 1.85 mi | 406, Rotton Park Road, Birmingham, West Midlands B16 0LA | £1,894 | 132 | 6 | Terraced House | ||
| £860K | 04/24 | 1.95 mi | 1, The Oaks, Harborne, Birmingham B17 8QQ | £4,410 | 195 | 6 | Detached House | ||
| £375K | 05/23 | 2.01 mi | 166, Rotton Park Road, Birmingham, West Midlands B16 0LN | £1,476 | 254 | 6 | Semi-Detached House | ||
| £1.4M | 10/24 | 2.04 mi | 55, Hamilton Avenue, Birmingham B17 8AS | - | - | 6 | Detached House | ||
| £1.4M | 10/24 | 2.06 mi | 55, Hamilton Avenue, Harborne, Birmingham, West Midlands B17 8AS | - | - | 6 | House | ||
| £1.2M | 07/25 | 2.08 mi | 48, Fitz Roy Avenue, Birmingham B17 8RJ | - | - | 6 | Detached House | ||
| £800K | 06/24 | 2.2 mi | 10, Moorland Road, Birmingham B16 9JP | £3,077 | 260 | 6 | Detached House | ||
| £800K | 06/24 | 2.2 mi | 10, Moorland Road, Birmingham B16 9JP | - | - | 6 | Detached House | ||
| £311K | 09/21 | 2.21 mi | 133, Sandwell Road, Birmingham, West Midlands B21 8PD | £1,862 | 167 | 6 | Semi-Detached House | ||
| £525K | 06/21 | 2.21 mi | 71, Croftdown Road, Birmingham, West Midlands B17 8RE | £3,242 | 162 | 6 | Semi-Detached House | ||
| £1.4M | 06/21 | 2.31 mi | 9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ | £4,842 | 285 | 6 | Detached House | ||
| £785K | 12/22 | 2.36 mi | 104, Lordswood Road, Birmingham, West Midlands B17 9BU | - | - | 6 | Semi-Detached House | ||
| £280K | 03/23 | 2.37 mi | 15, Long Lane, Halesowen, West Midlands B62 9LL | £1,284 | 218 | 6 | Terraced House | ||
| £720K | 01/23 | 2.39 mi | 16, Vernon Road, Edgbaston, Birmingham, West Midlands B16 9SH | - | - | 6 | Semi-Detached House | ||
| £385K | 09/23 | 2.45 mi | 72, Dudley Street, West Bromwich B70 9LU | £2,151 | 179 | 6 | Detached House | ||
| £385K | 09/23 | 2.45 mi | 72, Dudley Street, West Bromwich B70 9LU | - | - | 6 | Detached House | ||
| £1.0M | 10/22 | 2.47 mi | 7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS | - | - | 6 | Detached House | ||
| £638K | 04/24 | 2.49 mi | 21, Montague Road, Edgbaston, Birmingham B16 9HR | £2,647 | 241 | 6 | Semi-Detached House | ||
| £638K | 04/24 | 2.49 mi | 21, Montague Road, Edgbaston, Birmingham B16 9HR | - | - | 6 | Semi-Detached House | ||
| £655K | 07/24 | 2.66 mi | 53, Tennal Road, Harborne, Birmingham B32 2JD | £3,853 | 170 | 6 | Detached House | ||
| £655K | 07/24 | 2.66 mi | 53, Tennal Road, Harborne, Birmingham B32 2JD | - | - | 6 | Detached House | ||
| £375K | 07/24 | 2.7 mi | 47, Scholars Close, Birmingham, West Midlands B21 0UB | £2,953 | 127 | 6 | Semi-Detached House | ||
| £260K | 06/21 | 2.7 mi | 18, Scholars Close, Birmingham, West Midlands B21 0UB | £1,857 | 140 | 6 | Semi-Detached House | ||
| £375K | 07/24 | 2.71 mi | 47, Scholars Close, Birmingham B21 0UB | - | - | 6 | Semi-Detached House | ||
| £248K | 07/21 | 2.71 mi | 32, Antrobus Road, Birmingham, West Midlands B21 9NZ | £1,590 | 156 | 6 | Semi-Detached House | ||
| £625K | 08/21 | 2.72 mi | 6, Noel Road, Birmingham, West Midlands B16 9PS | £1,619 | 386 | 6 | Detached House | ||
| £1.9M | 06/22 | 2.76 mi | 67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF | £5,755 | 339 | 6 | Detached House | ||
| £1.0M | 10/24 | 2.82 mi | 14, Victoria Road, Harborne, Birmingham B17 0AH | - | - | 6 | Detached House | ||
| £1.0M | 10/24 | 2.82 mi | 14, Victoria Road, Harborne, Birmingham B17 0AH | £3,155 | 317 | 6 | Detached House | ||
| £322.5K | 08/24 | 2.85 mi | 68, Hinstock Road, Birmingham, West Midlands B20 2EU | £1,715 | 188 | 6 | Semi-Detached House | ||
| £372K | 11/24 | 2.85 mi | 32, Hinstock Road, Birmingham, West Midlands B20 2EU | £1,590 | 234 | 6 | Semi-Detached House | ||
| £1.9M | 08/22 | 2.88 mi | 112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ | £7,198 | 257 | 6 | Detached House | ||
| £1.2M | 07/22 | 2.93 mi | 128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ | - | - | 6 | Semi-Detached House | ||
| £377K | 05/24 | 2.95 mi | 102, Church Lane, Handsworth, Birmingham, West Midlands B20 2ES | £1,668 | 226 | 6 | Semi-Detached House |
Local Area Statistics
Population in B67 | 29,85329,853 |
Population in Smethwick | 51,34451,344 |
Town centre distance | 0.92 miles away0.92 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 0.66 miles away0.66 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +8%+8% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +40%+40% |
Property History
Listed for £450,000
December 27, 2024
Floor Plans
Description
- Recently refurbished to a high standard +
- 6 bedrooms, 6 bathrooms +
- Off road parking for 4 cars +
- Excellent transport links +
- Close to motorway access +
- Fantastic investment opportunity +
- Close to local amenities +
- Viewing is highly recommended +
- Rental potential approximately £3,750 PCM £45,000 Per annum. +
* New Instruction * CALLING ALL INVESTORS *** Genie homes are delighted to offer this well presented property on Manor Road in Smethwick, this impressive semi-detached house presents a remarkable investment opportunity.
This property has been recently refurbished to high standards, ensuring a modern and comfortable living environment. Converted into a 6 bed, 6 bedroom HMO.
Spanning an ample square feet, the house boasts an impressive layout featuring six well-appointed bedrooms, this property offers the potential for rental income. Each of the six bathrooms adds to the convenience of this property, catering to the needs of all occupants. Rental potential approximately £3,750 PCM £45,000 Per annum.
The property also includes parking for 4 vehicle, a valuable feature in this bustling area. Its prime location on Manor Road provides easy access to local amenities, and transport links, making it an ideal choice for working professionals.
This semi-detached property is a fantastic investment opportunity that promises both comfort and potential returns. Whether you are looking to expand your property portfolio, this property is sure to impress.
Property Description - Stunning 6-Bedroom Semi-Detached Home in Prime Smethwick Location
This meticulously renovated six-bedroom semi-detached home combines luxury with functionality, offering an unparalleled living experience. Finished to an exceptional standard, each of the six generously sized bedrooms features its own en-suite bathroom, providing optimal comfort and privacy for all residents.
The property has been enhanced with a newly completed extension, carried out with full planning approval, and benefits from an upgraded electrical wiring system for added safety and peace of mind. Fire doors and a cutting-edge fire alarm system have been installed throughout, ensuring compliance with the highest safety standards.
Situated in one of Smethwick’s most desirable locations, the property boasts a prime position directly opposite Smethwick West Park, offering breathtaking views and convenient access to outdoor recreation. It is within walking distance of the renowned Sandwell Aquatic Centre and just a 3-minute drive to the new University Hospital in Smethwick.
With its versatile layout and enviable location, this property is ideal as a spacious family home, a lucrative HMO investment, or a premium Airbnb rental. Seize this rare opportunity to own a truly exceptional home in the heart of Smethwick!
Ground Floor:
. Porch entrance leading to a secondary door and the main internal hallway.
. Bedroom 2: Ensuite, front elevation.
. Bedroom 3: Ensuite, front elevation.
. Bedroom 4: Ensuite, rear elevation.
. Modern kitchen/dining area.
First Floor:
Bedroom 1: Ensuite, rear elevation.
Bedroom 5: Ensuite, front elevation.
Bedroom 6: Front elevation.
The property has been fully refurbished from the ground up, stripped back to bricks and mortar, and designed with a contemporary finish throughout.
Key Features:
. Grey vinyl flooring in the porch, hallway, kitchen/dining area, and ensuites.
. Dark grey carpets in all bedrooms.
. White walls and wall-mounted radiators throughout.
. Each bedroom includes a private food preparation area with a sink, additional storage, and space for an under-counter fridge/freezer.
The property is fully compliant as a working HMO and has been meticulously finished to meet modern standards.
Viewings are highly recommended.
Disclaimer - These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure - Freehold
Possession - Vacant possession, No chain
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