10 Bed HMO, Birmingham, B27 6QR, £550,000

11 Dudley Park Road, Acocks Green, Birmingham B27 6QR - 48 views - 2 months ago

Sold STC
HMO
ROI: 11%
~310 m²
+12 photos

ValuationUndervalued

Sold Prices£182.5K - £455K
Sold Prices/m²£986/m² - £4.1K/m²

 

 

Square Metres

~310 m²
Price/m²£1.8K/m²

Value Estimate

£687,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Total Cash In

£170,200

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£5,460

Running Costs/mo

£3,962

Cashflow/mo

£1,498

Cashflow/yr

£17,978

ROI

11%

Gross Yield

12%

Local Sold Prices

50 sold prices from £182.5K to £455K, average is £338.3K. £986/m² to £4.1K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£250K05/210.2 mi17, Merstowe Close, Birmingham, West Midlands B27 6QL4
£247.5K11/210.22 mi51, Alexander Road, Acocks Green, Birmingham, West Midlands B27 6ER4
£265K11/210.27 mi67, Douglas Road, Acocks Green, Birmingham, West Midlands B27 6HH4
£342K04/210.28 mi47, Oxford Road, Acocks Green, Birmingham, West Midlands B27 6DS4
£397.5K07/230.28 mi17, Oxford Road, Acocks Green, Birmingham, West Midlands B27 6DS4
£240K02/210.29 mi8, Roberts Road, Birmingham, West Midlands B27 6NF4
£341.5K11/220.29 mi21, Broad Road, Acocks Green, Birmingham, West Midlands B27 7UX4
£326K03/230.3 mi58, Oxford Road, Acocks Green, Birmingham, West Midlands B27 6DT4
£380K02/230.31 mi53, Arden Road, Acocks Green, Birmingham, West Midlands B27 6AH4
£372.5K06/210.32 mi47, Malvern Road, Acocks Green, Birmingham, West Midlands B27 6EG4
£378.6K01/230.32 mi37, Malvern Road, Acocks Green, Birmingham, West Midlands B27 6EG4
£395K09/200.34 mi28, Victoria Road, Acocks Green, Birmingham, West Midlands B27 7YA4
£352K09/210.34 mi33, Hazelwood Road, Birmingham, West Midlands B27 7XL4
£352K09/210.34 mi33, Hazelwood Road, Birmingham, West Midlands B27 7XL4
£182.5K02/210.36 mi222, Douglas Road, Acocks Green, Birmingham, West Midlands B27 6HN4
£200K11/210.42 mi8, Green Acres, Birmingham, West Midlands B27 7YG4
£270K04/210.44 mi47, Wynford Road, Birmingham, West Midlands B27 6JH4
£332K05/210.46 mi8, Cowley Drive, Birmingham, West Midlands B27 6SJ4
£332K05/210.46 mi8, Cowley Drive, Birmingham, West Midlands B27 6SJ4
£415K10/220.5 mi35, Kilmorie Road, Birmingham, West Midlands B27 6AY4
£335K05/210.5 mi53, Cambridge Way, Birmingham, West Midlands B27 6SG4
£335K05/210.5 mi53, Cambridge Way, Birmingham, West Midlands B27 6SG4
£355K03/230.52 mi30, Kilmorie Road, Birmingham, West Midlands B27 6AX4
£252.5K04/230.58 mi92, Vine Lane, Birmingham, West Midlands B27 6SY4
£255.1K11/230.58 mi110, Vine Lane, Birmingham, West Midlands B27 6SY4
£189K04/230.63 mi3, Canal Court, Birmingham, West Midlands B27 6SU4
£255K06/210.66 mi5, Osprey Road, Acocks Green, Birmingham, West Midlands B27 7BA4
£255K06/210.66 mi5, Osprey Road, Acocks Green, Birmingham, West Midlands B27 7BA4
£255K06/210.66 mi5, Osprey Road, Acocks Green, Birmingham, West Midlands B27 7BA4
£375K08/220.66 mi50, Eaton Wood Drive, Birmingham, West Midlands B26 1ED4
£360K07/220.66 mi2, Eaton Wood Drive, Birmingham, West Midlands B26 1ED4
£349K04/220.66 mi35, Eaton Wood Drive, Birmingham, West Midlands B26 1ED4
£350K08/220.67 mi12, Wharf Road, Tyseley, Birmingham, West Midlands B11 2EB4
£320K08/230.69 mi58, Scott Road, Olton, Solihull, West Midlands B92 7LS4
£353K04/210.69 mi4, Birchtrees Croft, Birmingham, West Midlands B26 1EF4
£277K08/230.77 mi16, Leybourne Grove, Birmingham, West Midlands B25 8EG4
£455K03/210.8 mi21, Brookvale Grove, Olton, Solihull, West Midlands B92 7JH4
£410K02/230.84 mi80, Kennerley Road, Yardley, Birmingham, West Midlands B25 8LS4
£269K05/210.84 mi39, Kennerley Road, Yardley, Birmingham, West Midlands B25 8LS4
£320K04/220.85 mi47, Kennerley Road, Yardley, Birmingham, West Midlands B25 8LS4
£242K04/210.89 mi171, Cateswell Road, Sparkhill, Birmingham, West Midlands B11 3DT4
£397K01/230.89 mi91, Brookvale Road, Olton, Solihull, West Midlands B92 7JA4
£425K09/230.89 mi79, Brookvale Road, Olton, Solihull, West Midlands B92 7JA4
£280K07/230.9 mi54, Shalford Road, Solihull, West Midlands B92 7NF4
£348K06/210.91 mi5, Binley Close, Birmingham, West Midlands B25 8NE4
£348K06/210.91 mi5, Binley Close, Birmingham, West Midlands B25 8NE4
£407K07/220.91 mi4, Binley Close, Birmingham, West Midlands B25 8NE4
£395K02/230.93 mi450, Fox Hollies Road, Hall Green, Birmingham, West Midlands B28 8RN4
£320K09/210.95 mi3, Fernhill Road, Solihull, West Midlands B92 7RS4
£430K12/200.95 mi83, Richmond Road, Solihull, West Midlands B92 7RR4

Local Area Statistics

Population in B27

25,331

Population in Birmingham

1,034,821

Town centre distance

2.63 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £550,000

January 20, 2025

Floor Plans

Description

  • TEN ROOM FORMER HMO +
  • RARE OPPORTUNITY +
  • REFURBISHMENT REQUIRED +
  • PRICED TO SELL +
  • SUPERB DEVELOPMENT OPPORTUNITY +
  • EXCELLENT LOCATION & TRANSPORT LINKS +

Archer Bassett are delighted to present a rare opportunity to acquire this substantial detached, three storey period property close to the heart of Acocks Green Village, which has been previously converted over 20 years ago into one self-contained flat, six self-contained studios and three rooms with shared facilities. Whilst the property requires extensive refurbishment throughout it presents a superb development opportunity to maximise it's potential return on investment. The property briefly comprises of the vast majority being uPVC double glazed, gas central heating throughout, communal parking area to the front and gardens to rear. The property is well located with easy access to the city centre via the A41 or A45 and is within a few minutes walk of Acocks Green train station.

Buyer Information - Four of the flats are currently occupied on periodic assured shorthold tenancies but vacant possession can be offered as part of the sale.

Ground Floor - Large entrance hall with access to front & rear leading to a large cellar

Flat 1 (Full length) - Lounge, kitchen, double bedroom with en-suite with WC, basin and bath with shower over

Flat 2 (Front) - Studio with kitchen and en-suite shower room with WC & basin

Flat 3 (Rear) - Studio with kitchen and en-suite bathroom with WC, basin and bath with shower over

First Floor - Flat 4 (Rear) - Studio with kitchen and en-suite shower room with WC & basin

Flat 5 (Front) - Bedsitting room with shared kitchen with Flat 6, en-suite shower room with WC & basin

Flat 6 (Front) - Bedsitting room with shared kitchen with Flat 5, en-suite shower room with WC & basin

Flat 7 (Rear) - Studio with separate kitchen area and en-suite shower room with WC & basin

Second Floor - Room 8 (Rear) - Bedroom with shared open plan kitchen/living area and bathroom with Rooms 9 & 10

Room 9 (Front) - Bedroom with shared open plan kitchen/living area and bathroom with Rooms 8 & 10

Room 10 (Front) - Currently used as store room

External - Small communal parking area to front with compact but private garden area to the rear.

Tenure - The agent has been informed that the property is offered freehold however any interested party should obtain confirmation of this via their own solicitor or legal representative.

Viewings - Viewings are strictly by appointment only via Archer Bassett.

Agent Details

Archer Bassett, Coventry

024 7542 7756

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.