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

Heeley Road, Selly Oak, B29 6EJ - 9 views - 2 months ago

HMO
Cash
Refurb/BRRR
Planning
~178 m²

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.

PriceDateDistanceAddressBeds 
£400K06/210.12 mi216, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£260K07/210.16 mi278, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£200K02/210.22 mi6, Lottie Road, Selly Oak, Birmingham, West Midlands B29 6JZ5
£685K10/220.4 mi42, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU5
£410K09/200.43 mi78, Dale Road, Birmingham, West Midlands B29 6AG5
£425K02/210.44 mi26, Bournbrook Road, Birmingham, West Midlands B29 7BJ5
£730K02/230.47 mi142, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH5
£228K02/230.5 mi28, Rachel Gardens, Birmingham, West Midlands B29 6NY5
£620K06/210.54 mi49, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH5
£294K05/210.62 mi146, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£302K11/200.62 mi142, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£795.5K05/230.62 mi41a, Upland Road, Selly Park, Birmingham, West Midlands B29 7JS5
£685K11/200.63 mi57, Linden Road, Bournville, Birmingham, West Midlands B30 1JT5
£710K03/220.63 mi344, Bristol Road, Birmingham, West Midlands B5 7SN5
£725K03/210.7 mi31, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£900K08/220.7 mi15, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£725K03/210.7 mi31, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£280K06/210.7 mi960, Pershore Road, Selly Park, Birmingham, West Midlands B29 7PU5
£630K03/220.7 mi336, Bristol Road, Birmingham, West Midlands B5 7SN5
£570K08/230.77 mi51, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QZ5
£246.5K03/210.77 mi9, Bideford Drive, Selly Oak, Birmingham, West Midlands B29 6QG5
£383.3K01/230.84 mi6, Brookvale Mews, Selly Park, Birmingham, West Midlands B29 7HP5

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

  • HMO +
  • Prime Location +
  • 5 Bedrooms +
  • Development Potential +
  • Selly Oak Triangle +

We are pleased to present a fantastic investment opportunity in the highly desirable Selly Oak Triangle. This spacious five-bedroom, two-bathroom property is an ideal turn-key investment, currently rented out until 2026. With a reliable tenant in place and a rental increase set for summer 2025, this property offers an excellent income stream and future growth potential.

Key Features:
Prime Location: Situated in the popular Selly Oak Triangle, renowned for its strong demand from students and proximity to local amenities, public transport links, and major universities.

Strong Rental Income: Achieving £30,000 per annum (excluding bills) starting in summer 2025, providing a solid rental yield and stable cash flow until 2026.

Generous Living Space: The property comprises five well-sized bedrooms, providing ample space for tenants, alongside two modern bathrooms. The layout is ideal for student living, offering both comfort and practicality.

Turn-Key Investment: Fully tenanted and well-maintained, the property is ready to generate income from day one. Recent renovations ensure the property is in excellent condition, requiring no immediate work or additional outlay.

Development Potential: With the added benefit of development potential (subject to planning permission), this property offers the opportunity to increase both rental income and capital value. Consider converting the space or adding additional amenities to enhance the property’s appeal.

This well-maintained property in a prime student rental location is an attractive proposition for investors seeking a steady income with the added bonus of future potential. Secure this hassle-free investment and benefit from both short-term returns and long-term capital growth.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

020 3514 1592

Next Steps?

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