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

Heeley Road, Selly Oak, B29 6EL - 3 views - 2 months ago

HMO
Planning
ROI: 1%
~186 m²

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

£537,500
BMV25%

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

£455

Gross Rent

£2,730

Running Costs/mo

£2,609

Cashflow/mo

£121

Cashflow/yr

£1,455

ROI

1%

Gross Yield

8%

Local Sold Prices

40 sold prices from £160K to £1.9M, average is £767.5K. £2.1K/m² to £7.2K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£455K06/210.17 mi261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB6
£395K02/230.23 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£177K06/210.27 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£177K06/210.27 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£332.5K06/210.29 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£160K05/230.46 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£1.2M12/220.49 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£875K10/200.54 mi115, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7HY6
£815K03/210.59 mi114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED6
£825K01/230.77 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£730K03/210.85 mi4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR6
£995K04/231.01 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£775K11/201.09 mi201, Moor Green Lane, Birmingham, West Midlands B13 8NT6
£695K02/231.29 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.29 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£610K04/211.38 mi177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR6
£870K02/211.39 mi55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP6
£1.3M04/211.44 mi17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT6
£635K10/201.46 mi17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH6
£350K11/211.57 mi66, Middleton Hall Road, Birmingham, West Midlands B30 1BY6
£760K08/221.58 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£940K03/211.59 mi8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD6
£410K12/211.6 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£1.9M08/221.64 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£295K03/231.69 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£780K01/221.69 mi168, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£760K11/221.72 mi184, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£1.1M03/211.79 mi32, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SG6
£1.3M07/221.81 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£640K12/201.85 mi73, Springfield Road, Kings Heath, Birmingham, West Midlands B14 7DU6
£1.1M03/211.85 mi34, Chantry Road, Moseley, Birmingham, West Midlands B13 8DJ6
£1.2M07/221.85 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£1.3M01/231.87 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£944K05/231.89 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6
£690K02/211.93 mi13, Milford Road, Harborne, Birmingham, West Midlands B17 9RL6
£1.9M06/221.93 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£750K10/211.94 mi83, Westhill Road, Birmingham, West Midlands B38 8TG6
£660K09/231.94 mi85, Westhill Road, Birmingham, West Midlands B38 8TG6
£725K01/211.98 mi60, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6
£950K11/221.98 mi58, Grove Avenue, Moseley, Birmingham, West Midlands B13 9RY6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.80 miles away

Nearest school

0.10 miles away

Nearest train station

0.28 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 +

  • Development potential +

  • 6 Bedrooms +

  • High ROI +

A superb investment opportunity in the highly sought-after Selly Oak Triangle, this spacious six-bedroom, two-bathroom property is a turn-key solution for investors looking for a reliable, income-generating asset. Currently rented until 2026 with a guaranteed rental increase in summer 2025, this property offers an excellent return and future growth potential, making it a must-see for any serious investor.

Key Features:
Prime Location: Situated in the heart of Selly Oak Triangle, this property enjoys high demand from students, thanks to its proximity to local amenities, transport links, and major universities.
Strong Rental Income: With the rent set to increase to £32,760 per annum (excluding bills) in summer 2025, this property offers a solid income stream, ensuring long-term stability and excellent yield for investors.

Spacious Living: The property features six generously sized bedrooms, perfect for student living, along with two well-appointed bathrooms. The large rooms and smart layout make it ideal for sharing tenants, ensuring maximum occupancy.

Turn-Key Investment: Currently fully rented with tenants in place until 2026, this property requires no immediate work or additional investment. It’s a hassle-free, ready-to-go investment that is sure to deliver returns from day one.

Development Potential: With the added bonus of development potential (subject to planning permission), there is scope to enhance and elevate the property to increase both rental income and capital value. Opportunities may include converting spaces or adding additional amenities to further attract tenants.

This modern, well-maintained property represents an excellent opportunity for investors looking to capitalise on the strong demand in the Selly Oak Triangle area. With stable rental income, the promise of future growth, and development potential, this is a rare find that should not be missed.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

020 3514 1592

Next Steps?

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