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

North Road, B29 6AW - 1 views - 2 months ago

Sold STC
HMO
ROI: 4%
~186 m²
+4 photos

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

£518,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Room Rate

£513

Gross Rent

£3,078

Running Costs/mo

£2,668

Cashflow/mo

£410

Cashflow/yr

£4,919

ROI

4%

Gross Yield

9%

Local Sold Prices

41 sold prices from £160K to £1.9M, average is £825K. £2.3K/m² to £7.2K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£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
£395K02/230.39 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£815K03/210.41 mi114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED6
£455K06/210.43 mi261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB6
£875K10/200.52 mi115, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7HY6
£177K06/210.54 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£177K06/210.57 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£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
£730K03/210.79 mi4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR6
£1.3M04/210.87 mi17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT6
£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
£1.1M03/211.23 mi32, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SG6
£775K11/201.26 mi201, Moor Green Lane, Birmingham, West Midlands B13 8NT6
£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
£690K02/211.43 mi13, Milford Road, Harborne, Birmingham, West Midlands B17 9RL6
£610K04/211.43 mi177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR6
£995K04/231.49 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£870K02/211.5 mi55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP6
£1.0M10/221.58 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£940K03/211.64 mi8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD6
£1.4M06/211.64 mi9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ6
£785K12/221.66 mi104, Lordswood Road, Birmingham, West Midlands B17 9BU6
£1.8M04/211.66 mi10, Chad Road, Birmingham, West Midlands B15 3EN6
£1.5M04/231.67 mi95, Harborne Road, Birmingham, West Midlands B15 3HG6
£1.3M03/211.67 mi7, Vicarage Road, Edgbaston, Birmingham, West Midlands B15 3ES6
£631K11/201.69 mi43, Gillhurst Road, Birmingham, West Midlands B17 8PD6
£295K03/231.73 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£1.3M12/201.74 mi15, Charlotte Road, Edgbaston, Birmingham, West Midlands B15 2NG6
£635K10/201.75 mi17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH6
£1.3M07/221.75 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£755K09/221.78 mi75, Bristol Road, Birmingham, West Midlands B5 7TU6
£1.0M12/201.84 mi11, Croftdown Road, Birmingham, West Midlands B17 8RA6
£1.1M03/211.9 mi34, Chantry Road, Moseley, Birmingham, West Midlands B13 8DJ6
£525K06/211.94 mi71, Croftdown Road, Birmingham, West Midlands B17 8RE6
£760K08/221.98 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£720K01/231.99 mi16, Vernon Road, Edgbaston, Birmingham, West Midlands B16 9SH6

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

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

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

020 3514 1592

Next Steps?

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