6 Bed HMO, Birmingham, B14 7EW £400,000

Addison Road, Kings Heath, Birmingham, B14 7EW - 11 views - 10 months ago
HMO
ROI: 4%
~186 m²
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ValuationUndervalued

Sold Prices£240K - £1.3M
Sold Prices/m²£1.1K/m² - £5K/m²

 

 

Square Metres

~186 m²
Price/m²£2.2K/m²

Value Estimate

£484,000
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Room Rate

£500

Gross Rent

£3,000

Running Costs/mo

£2,565

Cashflow/mo

£435

Cashflow/yr

£5,220

ROI

4%

Gross Yield

9%

Local Sold Prices

44 sold prices from £240K to £1.3M, average is £820K. £1.1K/m² to £5K/m², average is £3.7K/m².

Price
Date
Distance
Address
Beds
 
£760K08/220.16 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£944K05/230.8 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6
£950K11/220.82 mi58, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£825K03/250.87 mi62, Oxford Road, Moseley And Kings Heath, Birmingham B13 9SQ6
£825K03/250.87 mi62, Oxford Road, Moseley And Kings Heath, Birmingham B13 9SQ6
£707K07/240.88 mi211, Alcester Road, Birmingham B13 8PX6
£880K09/220.9 mi44, Oxford Road, Moseley, Birmingham, West Midlands B13 9ER6
£1.3M01/230.91 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£1.1M11/240.95 mi3, Ascot Road, Birmingham B13 9EN6
£610K08/220.97 mi2a, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RU6
£1.1M07/230.97 mi44, Billesley Lane, Moseley, Birmingham, West Midlands B13 9QS6
£895K06/210.97 mi62, Cotton Lane, Moseley, Birmingham, West Midlands B13 9SE6
£820K03/251.04 mi79, Reddings Road, Birmingham B13 8LP6
£820K03/251.04 mi79, Reddings Road, Birmingham B13 8LP6
£410K12/211.12 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£820K11/221.21 mi19, Forest Road, Moseley, Birmingham, West Midlands B13 9DL6
£670K06/211.23 mi84, Wake Green Road, Birmingham, West Midlands B13 9PY6
£722K04/251.24 mi30b, Mayfield Road, Moseley And Kings Heath, Birmingham B13 9HJ6
£722K04/251.24 mi30b, Mayfield Road, Moseley And Kings Heath, Birmingham B13 9HJ6
£888K01/251.3 mi58, Moorcroft Road, Birmingham B13 8LU6
£888K01/251.3 mi58, Moorcroft Road, Birmingham B13 8LU6
£260K10/221.32 mi9, The Vale, Sparkhill, Birmingham, West Midlands B11 4EN6
£260K10/221.32 mi9, The Vale, Springfield, Birmingham B11 4EN6
£1.2M12/221.43 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£936K12/241.43 mi40, Park Hill, Birmingham B13 8DT6
£700K06/251.46 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£700K06/251.46 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£825K01/231.5 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£1.3M07/221.52 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£295K11/211.53 mi21, Haselwell Drive, Kings Norton, Birmingham, West Midlands B30 3PQ6
£1.2M11/231.65 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£1.2M11/231.65 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£860K12/221.69 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£860K12/221.69 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.7 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.7 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£695K02/231.74 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.74 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£420K02/251.83 mi13, Rookery Road, Selly Oak, Birmingham B29 7DG6
£332.5K06/211.9 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£240K02/251.91 mi10, Fernley Road, Sparkhill, Birmingham, West Midlands B11 3NS6
£395K02/231.94 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£300K07/231.95 mi126, Leominster Road, Birmingham, West Midlands B11 3BJ6
£370K08/231.97 mi24, Russell Road, Hall Green, Birmingham, West Midlands B28 8SE6

Local Area Statistics

Population in B14

42,696

Population in Birmingham

1,034,821

Town centre distance

2.40 miles away

Nearest school

0.10 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £400,000

January 15, 2025

Floor Plans

Property image

Description

  • Excellently Located 6 Bed HMO in King's Heath +
  • Stone's Throw from the High Street +
  • Fully Tenanted Generating £36,000/annum +
  • All Tenants Working Professionals +
  • 6 Bedrooms, 2 Bathrooms +
  • Fully Compliant +
  • Excellent Investment Opportunity +
  • Highly Popular Area For Rentals +
  • Contact Davidson Estates for Further Information! +

*FANTASTIC INVESTMENT OPPORTUNITY, 6 BED FULLY COMPLIANT HMO PROPERTY, FULLY TENANTED AND IN A POPULAR LOCATION OFF OF KING'S HEATH HIGH STREET*

Key Features:
*Excellently Located HMO Property in King's Heath
*6 Well-Proportioned Bedrooms
*Fully Compliant Property
*Fully Tenanted, Generating £36,000/annum
*All Professional Tenants
*Turnkey Investment Opportunity

Davidson Estates are delighted to share a rare opportunity for investors to acquire this large 6-bedroom, 2-bathroom HMO property, perfectly positioned minutes from King's Heath high street, offering convenience for tenants and thus strong rental demand in the area.

The ground floor is comprised of entrance hall leading to shared living room, one double bedroom, a modern kitchen with separate utility room, a bathroom and separate toilet, a basement level currently used for storage, and an enclosed rear garden.

On the first floor, there are 3 good-sized bedrooms, a further shower room with toilet. There are then 2 further bedrooms on the second floor.

The property is fully tenanted and generating £36,000/annum, providing a gross yield of 9% for prospective investors.

Further Development Potential: Potential to enhance and increase rental returns further with decoration and modernising.

This property represents an exceptional investment opportunity. Contact us today to arrange a viewing and secure this high-yield asset!

We have been advised by the owner that the property is Freehold and in Council Tax Band B. The property is EPC-rated D.

*Contact Davidson Estates for Further Information.
*Viewings by Appointment Only.

Please note that all information provided should be verified by your legal representative and Davidson Estates cannot be held responsible if the information is incorrect.

Agent Details

Davidson Estates, Edgbaston - HQ

0121 387 6789

Next Steps?

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