5 Bed HMO, Birmingham, B29 6EJ £410,000

Heeley Road, Selly Oak, B29 6EJ - 47 views - 10 months ago
HMO
Cash
Refurb/BRRR
Planning
Inside Article 4
~178 m²
Property image

ValuationUndervalued

Sold Prices£228K - £900K
Sold Prices/m²£1.8K/m² - £5.4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.3K/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%)

£102,500

Stamp Duty & Legal Fees

£22,300

Refurb Costs

£70,614

Bridging Loan Interest

£10,763

Total Cash In

£207,926

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£596,088

Agent Fees (1%)

£5,961

Bridging Loan

£307,500

Bridging Loan Interest

£10,763

Flip Profit

£74,701

Local Sold Prices

30 sold prices from £228K to £900K, average is £595K. £1.8K/m² to £5.4K/m², average is £3.4K/m².

Price
Date
Distance
Address
Beds
 
£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
£375K01/250.29 mi13, St Edwards Road, Birmingham, West Midlands B29 7DJ5
£685K10/220.4 mi42, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU5
£532.5K11/240.41 mi9, Frederick Road, Selly Oak, Birmingham B29 6NX5
£550K12/230.41 mi30, Serpentine Road, Selly Oak, Birmingham B29 7HU5
£550K12/230.41 mi30, Serpentine Road, Selly Oak, Birmingham B29 7HU5
£550K12/230.41 mi30, Serpentine Road, Selly Oak, Birmingham B29 7HU5
£730K02/230.47 mi142, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH5
£760K07/240.49 mi57, Woodlands Drive, Birmingham B29 6TU5
£760K07/240.49 mi57, Woodlands Drive, Birmingham B29 6TU5
£228K02/230.5 mi28, Rachel Gardens, Birmingham, West Midlands B29 6NY5
£745K03/250.51 mi142, Oak Tree Lane, Bournville, Birmingham B29 6HU5
£745K03/250.51 mi142, Oak Tree Lane, Bournville, Birmingham B29 6HU5
£425K10/230.54 mi911, Bristol Road, Selly Oak, Birmingham B29 6ND5
£620K06/210.54 mi49, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH5
£819K03/250.58 mi95, Oakfield Road, Selly Oak, Birmingham B29 7HL5
£294K05/210.62 mi146, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£795.5K05/230.62 mi41a, Upland Road, Selly Park, Birmingham, West Midlands B29 7JS5
£710K03/220.63 mi344, Bristol Road, Edgbaston, Birmingham B5 7SN5
£630K03/220.65 mi336, Bristol Road, Edgbaston, Birmingham B5 7SN5
£630K03/220.65 mi336, Bristol Road, Edgbaston, Birmingham B5 7SN5
£900K08/220.7 mi15, 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
£710K03/220.7 mi344, Bristol Road, Birmingham, West Midlands B5 7SN5
£570K08/230.77 mi51, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QZ5
£383.3K01/230.84 mi6, Brookvale Mews, Selly Park, Birmingham, West Midlands B29 7HP5
£377.5K11/240.9 mi479, Harborne Park Road, Birmingham, West Midlands B17 0PS5
£377.5K11/240.92 mi479, Harborne Park Road, Birmingham B17 0PS5

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

Price changed to £410,000

June 4, 2025

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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