5 Bed HMO, Birmingham, B29 6EJ, £420,000




ValuationFair Value
Sold Prices | £200K - £900K |
Sold Prices/m² | £1.8K/m² - £4.2K/m² |
| |
Square Metres | ~178.28 m² |
Price/m² | £2.4K/m² |
Value Estimate | £420,000 |
| |
End Value (After Refurb) | £596,088 |
Uplift in Value | +42% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £105,000 |
Stamp Duty & Legal Fees | £22,300 |
Refurb Costs | £70,614 |
Bridging Loan Interest | £11,025 |
Total Cash In | £210,689 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Estimated Sale Price | £596,088 |
Agent Fees (1%) | £5,961 |
Bridging Loan | £315,000 |
Bridging Loan Interest | £11,025 |
Flip Profit | £64,438 |
Local Sold Prices
22 sold prices from £200K to £900K, average is £497.5K. £1.8K/m² to £4.2K/m², average is £3.1K/m².
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 £420,000
January 17, 2025
Description
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