6 Bed HMO, Birmingham, B29 6EJ, £430,000

Heeley Road, Selly Oak, B29 6EJ - 4 views - 2 months ago

HMO
Planning
ROI: 1%
~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£2.3K/m²

Value Estimate

£516,000
BMV20%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£107,500

Stamp Duty & Legal Fees

£23,100

Total Cash In

£130,600

 

 

Cash Out

 

Room Rate

£451

Gross Rent

£2,706

Running Costs/mo

£2,603

Cashflow/mo

£103

Cashflow/yr

£1,231

ROI

1%

Gross Yield

8%

Local Sold Prices

37 sold prices from £160K to £1.9M, average is £780K. £2.1K/m² to £7.2K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£395K02/230.08 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£455K06/210.1 mi261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB6
£332.5K06/210.15 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£177K06/210.21 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£177K06/210.23 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£160K05/230.31 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£875K10/200.5 mi115, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7HY6
£815K03/210.51 mi114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED6
£1.2M12/220.53 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£825K01/230.76 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£730K03/210.83 mi4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR6
£995K04/231.1 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£775K11/201.14 mi201, Moor Green Lane, Birmingham, West Midlands B13 8NT6
£695K02/231.26 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.26 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£1.3M04/211.28 mi17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT6
£610K04/211.41 mi177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR6
£870K02/211.43 mi55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP6
£1.9M08/221.48 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£635K10/201.48 mi17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH6
£940K03/211.62 mi8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD6
£1.1M03/211.63 mi32, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SG6
£295K03/231.64 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£350K11/211.7 mi66, Middleton Hall Road, Birmingham, West Midlands B30 1BY6
£760K08/221.7 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£1.2M07/221.71 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£410K12/211.76 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£690K02/211.77 mi13, Milford Road, Harborne, Birmingham, West Midlands B17 9RL6
£1.9M06/221.77 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£780K01/221.79 mi168, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£760K11/221.82 mi184, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£1.3M07/221.82 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£1.1M03/211.89 mi34, Chantry Road, Moseley, Birmingham, West Midlands B13 8DJ6
£1.3M01/231.94 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£1.0M10/221.94 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£640K12/201.96 mi73, Springfield Road, Kings Heath, Birmingham, West Midlands B14 7DU6
£944K05/231.96 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.78 miles away

Nearest school

0.20 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £430,000

January 17, 2025

Description

  • Investment +
  • HMO +
  • 6 Bedroom +
  • Development Potential +

Introducing an exceptional investment opportunity in the heart of the popular Student Triangle. This modern six-bedroom, two-bathroom property is a turnkey investment, currently tenanted until the summer of 2026. With its large, well-appointed rooms and stylish, contemporary decor, it consistently commands high rental demand.

Key Features:
Prime Location: Situated in the sought-after Student Triangle, a thriving area known for its convenience and popularity with students.
Strong Rental Income: The property generates a rental income of £32,500 per annum (excluding bills) for the 2025-2026 academic year, offering an attractive yield for investors.
Spacious Living: Boasting six generously sized bedrooms, perfect for group living, along with two modern bathrooms designed for comfort and functionality.
Modern Decor: Recently refurbished to a high standard, the property features contemporary interiors, appealing to discerning tenants and ensuring minimal void periods.
Development Potential: The property offers exciting scope for development or expansion, subject to obtaining the necessary planning permissions, providing the opportunity to further enhance rental income or resale value.
This property is a proven performer in the student rental market and represents a solid, low-risk addition to any portfolio. Its combination of location, quality, and future potential makes it a compelling investment.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

020 3514 1592

Next Steps?

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