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

159 Manor Road, Smethwick, B67 7HH - 4 views - a year ago
HMO
ROI: 3%
~108 m²
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+4 photos

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

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Total Cash In

£148,700

 

 

Cash Out

 

Room Rate

£511

Gross Rent

£3,066

Running Costs/mo

£2,751

Cashflow/mo

£315

Cashflow/yr

£3,775

ROI

3%

Gross Yield

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
Beds
 
£210K01/230.54 mi136, St Pauls Road, Smethwick, West Midlands B66 1HA6
£299K05/220.54 mi139, St Pauls Road, Smethwick, West Midlands B66 1HA6
£295K12/210.74 mi30, Narel Sharpe Close, Smethwick, West Midlands B66 1TU6
£306K12/210.79 mi7, Chance Drive, Smethwick, West Midlands B66 1TT6
£160K03/250.97 mi44, Doulton Drive, Smethwick B66 1RA6
£160K03/250.97 mi44, Doulton Drive, Smethwick B66 1RA6
£236K07/231.02 mi34, Wellington Road, Smethwick, West Midlands B67 6EU6
£220K06/231.03 mi21, Bristnall Hall Road, Oldbury, West Midlands B68 9TS6
£570K03/231.61 mi9, Barnsley Road, Birmingham, West Midlands B17 8EB6
£300K07/241.68 mi79, Beeches Road, West Bromwich, West Midlands B70 6HQ6
£440K03/241.72 mi9, Mead Avenue, Birmingham B16 0QW6
£990K11/241.72 mi344, Lordswood Road, Quinton, Birmingham B17 8AN6
£990K11/241.72 mi344, Lordswood Road, Quinton, Birmingham B17 8AN6
£380K08/231.72 mi5, Deerstalker Square, Birmingham B16 0PT6
£380K08/231.72 mi5, Deerstalker Square, Edgbaston, Birmingham, West Midlands B16 0PT6
£510K10/241.73 mi35, Monmouth Road, Smethwick B67 5EF6
£250K08/221.85 mi406, Rotton Park Road, Birmingham, West Midlands B16 0LA6
£860K04/241.95 mi1, The Oaks, Harborne, Birmingham B17 8QQ6
£375K05/232.01 mi166, Rotton Park Road, Birmingham, West Midlands B16 0LN6
£1.4M10/242.04 mi55, Hamilton Avenue, Birmingham B17 8AS6
£1.4M10/242.06 mi55, Hamilton Avenue, Harborne, Birmingham, West Midlands B17 8AS6
£1.2M07/252.08 mi48, Fitz Roy Avenue, Birmingham B17 8RJ6
£800K06/242.2 mi10, Moorland Road, Birmingham B16 9JP6
£800K06/242.2 mi10, Moorland Road, Birmingham B16 9JP6
£311K09/212.21 mi133, Sandwell Road, Birmingham, West Midlands B21 8PD6
£525K06/212.21 mi71, Croftdown Road, Birmingham, West Midlands B17 8RE6
£1.4M06/212.31 mi9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ6
£785K12/222.36 mi104, Lordswood Road, Birmingham, West Midlands B17 9BU6
£280K03/232.37 mi15, Long Lane, Halesowen, West Midlands B62 9LL6
£720K01/232.39 mi16, Vernon Road, Edgbaston, Birmingham, West Midlands B16 9SH6
£385K09/232.45 mi72, Dudley Street, West Bromwich B70 9LU6
£385K09/232.45 mi72, Dudley Street, West Bromwich B70 9LU6
£1.0M10/222.47 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£638K04/242.49 mi21, Montague Road, Edgbaston, Birmingham B16 9HR6
£638K04/242.49 mi21, Montague Road, Edgbaston, Birmingham B16 9HR6
£655K07/242.66 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£655K07/242.66 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£375K07/242.7 mi47, Scholars Close, Birmingham, West Midlands B21 0UB6
£260K06/212.7 mi18, Scholars Close, Birmingham, West Midlands B21 0UB6
£375K07/242.71 mi47, Scholars Close, Birmingham B21 0UB6
£248K07/212.71 mi32, Antrobus Road, Birmingham, West Midlands B21 9NZ6
£625K08/212.72 mi6, Noel Road, Birmingham, West Midlands B16 9PS6
£1.9M06/222.76 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£1.0M10/242.82 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.0M10/242.82 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£322.5K08/242.85 mi68, Hinstock Road, Birmingham, West Midlands B20 2EU6
£372K11/242.85 mi32, Hinstock Road, Birmingham, West Midlands B20 2EU6
£1.9M08/222.88 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£1.2M07/222.93 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£377K05/242.95 mi102, Church Lane, Handsworth, Birmingham, West Midlands B20 2ES6

Local Area Statistics

Population in B67

29,853

Population in Smethwick

51,344

Town centre distance

0.92 miles away

Nearest school

0.30 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+40%

Property History

Listed for £450,000

December 27, 2024

Floor Plans

Property image

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

Agent Details

Genie Homes, Birmingham

0121 387 6687

Next Steps?

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