6 Bed HMO, Birmingham, B29 6AW £425,000

North Road, B29 6AW - 10 views - 10 months ago
Sold STC
HMO
Inside Article 4
~186 m²
Property image

ValuationUndervalued

Sold Prices£160K - £1.9M
Sold Prices/m²£2.3K/m² - £7.2K/m²

 

 

Square Metres

~186 m²
Price/m²£2.3K/m²

Value Estimate

£510,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£33,700

Total Cash In

£139,950

 

 

Cash Out

 

Room Rate

£420

Gross Rent

£2,520

Running Costs/mo

£2,545

Cashflow/mo

£-25

Cashflow/yr

£-304

Gross Yield

7%

Local Sold Prices

50 sold prices from £160K to £1.9M, average is £888K. £2.3K/m² to £7.2K/m², average is £3.7K/m².

Price
Date
Distance
Address
Beds
 
£160K05/230.15 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£332.5K06/210.3 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£420K02/250.31 mi13, Rookery Road, Selly Oak, Birmingham B29 7DG6
£395K02/230.39 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£177K06/210.54 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£1.2M11/230.7 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£1.2M11/230.7 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£1.2M12/220.71 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£825K01/230.76 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£860K12/221.1 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£860K12/221.1 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£1.9M08/221.1 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£695K02/231.11 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.11 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£695K02/231.16 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.16 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£950K01/231.26 mi217a, Bristol Road, Edgbaston, Birmingham B5 7UB6
£1.0M10/241.27 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.0M10/241.27 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.2M07/221.27 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£1.9M06/221.34 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£950K01/231.34 mi217a, Bristol Road, Birmingham, West Midlands B5 7UB6
£1.1M05/251.36 mi28, Greening Drive, Birmingham B15 2XA6
£1.1M05/251.36 mi28, Greening Drive, Birmingham B15 2XA6
£995K04/231.49 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£820K03/251.5 mi79, Reddings Road, Birmingham B13 8LP6
£820K03/251.5 mi79, Reddings Road, Birmingham B13 8LP6
£1.8M04/241.51 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.8M04/241.51 mi38, Carpenter Road, Birmingham B15 2JJ6
£700K06/251.53 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£700K06/251.53 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£1.9M11/231.55 mi63, Wellington Road, Edgbaston, Birmingham B15 2ET6
£888K01/251.58 mi58, Moorcroft Road, Birmingham B13 8LU6
£888K01/251.58 mi58, Moorcroft Road, Birmingham B13 8LU6
£1.0M10/221.58 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£655K07/241.59 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£655K07/241.59 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£1.4M06/211.64 mi9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ6
£785K12/221.66 mi104, Lordswood Road, Birmingham, West Midlands B17 9BU6
£1.5M04/231.67 mi95, Harborne Road, Birmingham, West Midlands B15 3HG6
£1.5M04/231.67 mi95, Harborne Road, Birmingham B15 3HG6
£1.9M11/231.71 mi63, Wellington Road, Edgbaston, Birmingham, West Midlands B15 2ET6
£295K03/231.73 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£1.3M07/221.75 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£755K09/221.78 mi75, Bristol Road, Edgbaston, Birmingham B5 7TU6
£755K09/221.78 mi75, Bristol Road, Birmingham, West Midlands B5 7TU6
£707K07/241.78 mi211, Alcester Road, Birmingham B13 8PX6
£936K12/241.86 mi40, Park Hill, Birmingham B13 8DT6
£525K06/211.94 mi71, Croftdown Road, Birmingham, West Midlands B17 8RE6
£1.4M10/241.96 mi55, Hamilton Avenue, Harborne, Birmingham, West Midlands B17 8AS6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.62 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-56%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £425,000

January 10, 2025

Description

  • Investment +
  • HMO +
  • 8.7% ROI +
  • Attractive location +
  • Selly Oak Triangle +

This 6-bedroom, 2-bathroom property is an excellent investment opportunity, offering a generous annual income of £36,917 (excluding bills), with a strong yield of 8.7%. Positioned just a stone’s throw from the University of Birmingham, the property is currently let until Summer 2025, providing a secure and reliable income stream for the foreseeable future.

Key Features:
6 Bedrooms, 2 Bathrooms: Tastefully decorated to a high standard, offering ample living space for students or professionals.
High-Quality Finish: The property has been refurbished to a high specification, providing a stylish and comfortable living environment that is highly attractive to tenants.
Prime Location: Ideally located within walking distance of the University of Birmingham, making it a sought-after choice for student accommodation.
Steady Rental Income: Currently generating £36,917 per year, with the potential for rental growth as the local market continues to evolve.
Yield of 8.7%: Offering an attractive return on investment in a high-demand area.
Potential for Rent Increase: With the ongoing demand for properties close to the University, there is scope to increase rent, further enhancing the investment value.

This property offers an exceptional yield, combined with the potential for future rent increases, making it a highly attractive opportunity for investors looking for a reliable income stream in a prime location.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

0121 647 8922

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪