6 Bed HMO, Birmingham, B29 7QX, £310,000

Warwards Lane, Selly Oak, B29 7QX - 14 views - 3 months ago

HMO
Planning
~186 m²
+2 photos

ValuationUndervalued

Sold Prices£160K - £1.9M
Sold Prices/m²£2.1K/m² - £7.2K/m²

 

 

Square Metres

~186 m²
Price/m²£1.7K/m²

Value Estimate

£325,000

 

 

End Value (After Refurb)

£524,362

Uplift in Value

+61%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£73,671

Bridging Loan Interest

£8,138

Total Cash In

£175,758

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£524,362

Agent Fees (1%)

£5,244

Bridging Loan

£232,500

Bridging Loan Interest

£8,138

Flip Profit

£110,860

Local Sold Prices

45 sold prices from £160K to £1.9M, average is £750K. £2.1K/m² to £7.2K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£1.2M12/220.42 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£455K06/210.49 mi261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB6
£395K02/230.61 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£332.5K06/210.61 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£177K06/210.63 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£177K06/210.64 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£815K03/210.74 mi114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED6
£825K01/230.74 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£160K05/230.77 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£730K03/210.83 mi4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR6
£775K11/200.87 mi201, Moor Green Lane, Birmingham, West Midlands B13 8NT6
£995K04/231.07 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£870K02/211.17 mi55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP6
£610K04/211.2 mi177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR6
£760K08/221.21 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£410K12/211.27 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£695K02/231.28 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.28 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£940K03/211.41 mi8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD6
£350K11/211.44 mi66, Middleton Hall Road, Birmingham, West Midlands B30 1BY6
£640K12/201.51 mi73, Springfield Road, Kings Heath, Birmingham, West Midlands B14 7DU6
£944K05/231.6 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6
£1.3M01/231.61 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£635K10/201.65 mi17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH6
£1.1M03/211.65 mi34, Chantry Road, Moseley, Birmingham, West Midlands B13 8DJ6
£1.3M07/221.67 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£780K01/221.68 mi168, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£725K01/211.69 mi60, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£950K11/221.69 mi58, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£609.5K04/211.72 mi24, Hollie Lucas Road, Birmingham, West Midlands B13 0QL6
£760K11/221.72 mi184, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£693K11/201.73 mi9, Clarence Road, Moseley, Birmingham, West Midlands B13 9SX6
£610K11/201.73 mi11, Clarence Road, Moseley, Birmingham, West Midlands B13 9SX6
£880K09/221.74 mi44, Oxford Road, Moseley, Birmingham, West Midlands B13 9ER6
£1.3M04/211.78 mi17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT6
£750K10/211.81 mi83, Westhill Road, Birmingham, West Midlands B38 8TG6
£660K09/231.81 mi85, Westhill Road, Birmingham, West Midlands B38 8TG6
£610K08/221.83 mi2a, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RU6
£895K06/211.89 mi62, Cotton Lane, Moseley, Birmingham, West Midlands B13 9SE6
£820K11/221.9 mi19, Forest Road, Moseley, Birmingham, West Midlands B13 9DL6
£687.9K01/211.9 mi117, Anderton Park Road, Moseley, Birmingham, West Midlands B13 9DQ6
£1.1M07/231.98 mi44, Billesley Lane, Moseley, Birmingham, West Midlands B13 9QS6
£295K11/211.99 mi21, Haselwell Drive, Kings Norton, Birmingham, West Midlands B30 3PQ6
£295K03/231.99 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£1.9M08/222 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.70 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £310,000

March 28, 2025

Listed for £325,000

January 15, 2025

Description

  • Investment +
  • HMO +
  • 6 Bedroom +

This well-positioned 6-bedroom HMO investment property in Selly Oak offers an excellent opportunity for both immediate and long-term returns. Currently generating an impressive annual income of £26,500 from reliable tenants, this property is ideally located for students and professionals alike, with easy access to the University of Birmingham, local amenities, and transport links.
Key Features:
6 Bedrooms: Spacious and well-maintained rooms, each providing a comfortable living space for students.
High Rental Yield: Currently producing £26,500 per year, with the potential for increased income through internal improvements and/or an extension (subject to planning permission).
Prime Location: Situated in the highly sought-after Selly Oak area, a popular destination for students and young professionals, with convenient transport links and proximity to the University of Birmingham.
Potential for Growth: With some modernization and the possibility of extending the property (subject to planning permission), there is ample scope to increase rental income and further enhance the value of this asset.
Well-established Investment: With a proven track record of steady returns, this property offers a promising return on investment in a thriving rental market.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

020 3514 1592

Next Steps?

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