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

Heeley Road, Selly Oak, B29 6EJ - 7 views - 10 months ago
HMO
Planning
Inside Article 4
ROI: 1%
~186 m²
Property image

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

50 sold prices from £160K to £1.9M, average is £860K. £2.1K/m² to £7.2K/m², average is £3.8K/m².

Price
Date
Distance
Address
Beds
 
£395K02/230.08 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£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
£160K05/230.31 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£420K02/250.31 mi13, Rookery Road, Selly Oak, Birmingham B29 7DG6
£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
£1.2M11/230.8 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£1.2M11/230.8 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£995K04/231.1 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£860K12/221.25 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£860K12/221.25 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.26 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.26 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£695K02/231.32 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.32 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£820K03/251.43 mi79, Reddings Road, Birmingham B13 8LP6
£820K03/251.43 mi79, Reddings Road, Birmingham B13 8LP6
£1.9M08/221.48 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£950K01/231.49 mi217a, Bristol Road, Edgbaston, Birmingham B5 7UB6
£950K01/231.58 mi217a, Bristol Road, Birmingham, West Midlands B5 7UB6
£888K01/251.59 mi58, Moorcroft Road, Birmingham B13 8LU6
£888K01/251.59 mi58, Moorcroft Road, Birmingham B13 8LU6
£700K06/251.59 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£700K06/251.59 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£1.0M10/241.6 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.0M10/241.6 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£295K03/231.64 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£707K07/241.69 mi211, Alcester Road, Birmingham B13 8PX6
£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
£1.1M05/251.72 mi28, Greening Drive, Birmingham B15 2XA6
£1.1M05/251.72 mi28, Greening Drive, Birmingham B15 2XA6
£965K03/241.74 mi225, Northfield Road, Bournville, Birmingham B30 1EB6
£965K03/241.74 mi225, Northfield Road, Bournville, Birmingham B30 1EB6
£390K02/251.75 mi15, Corvedale Road, Birmingham, West Midlands B29 4LG6
£410K12/211.76 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£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
£1.8M04/241.82 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.8M04/241.82 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.9M11/231.83 mi63, Wellington Road, Edgbaston, Birmingham B15 2ET6
£655K07/241.89 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£655K07/241.89 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£936K12/241.9 mi40, Park Hill, Birmingham B13 8DT6
£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

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

Landlord's market

Rental growth (12m)

-56%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

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?

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