5 Bed HMO, Birmingham, B24 9ER £230,000

Hart Road, Erdington, Birmingham, B24 9ER - 48 views - 8 months ago
Sold STC
HMO
Inside Article 4
ROI: 1%
~178 m²
Property image

ValuationUndervalued

Sold Prices£197K - £950K
Sold Prices/m²£2.2K/m² - £8K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.3K/m²

Value Estimate

£285,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Total Cash In

£72,300

 

 

Cash Out

 

Room Rate

£338

Gross Rent

£1,690

Running Costs/mo

£1,607

Cashflow/mo

£83

Cashflow/yr

£991

ROI

1%

Gross Yield

9%

Local Sold Prices

50 sold prices from £197K to £950K, average is £640K. £2.2K/m² to £8K/m², average is £3.6K/m².

Price
Date
Distance
Address
Beds
 
£410K05/250.11 mi72, Orchard Road, Erdington, Birmingham B24 9JA5
£410K05/250.11 mi72, Orchard Road, Erdington, Birmingham B24 9JA5
£625K12/220.24 mi170, Orphanage Road, Birmingham, West Midlands B24 0AA5
£480K02/230.52 mi8, Rollason Road, Birmingham, West Midlands B24 9BJ5
£560K04/230.6 mi16, Poppy Lane, Birmingham, West Midlands B24 0EJ5
£359K02/240.63 mi677, Chester Road, Erdington, Birmingham, West Midlands B23 5TH5
£359K02/240.64 mi677, Chester Road, Erdington, Birmingham B23 5TH5
£335K04/220.76 mi132, Springthorpe Road, Birmingham, West Midlands B24 0SP5
£240K01/230.78 mi615, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR5
£430K05/220.94 mi173, Erdington Hall Road, Birmingham, West Midlands B24 8JB5
£765K03/250.95 mi8, The Cobbles, Sutton Coldfield B72 1XE5
£765K03/250.95 mi8, The Cobbles, Sutton Coldfield B72 1XE5
£520K08/210.95 mi6, The Cobbles, Sutton Coldfield, West Midlands B72 1XE5
£550K03/250.96 mi12, Priory Walk, Sutton New Hall, Sutton Coldfield B72 1XZ5
£550K03/250.96 mi12, Priory Walk, Sutton New Hall, Sutton Coldfield B72 1XZ5
£800K09/211 mi8, Boultbee Road, Sutton Coldfield, West Midlands B72 1DW5
£545K10/221 mi4, Salisbury Grove, Sutton Coldfield, West Midlands B72 1XY5
£885K08/241.03 mi1, Boultbee Road, Sutton Coldfield B72 1DW5
£589K09/231.04 mi2, Darnford Close, Sutton Coldfield, West Midlands B72 1YU5
£665K06/211.06 mi2, The Boulevard, Sutton Coldfield, West Midlands B73 5JQ5
£869.9K08/221.09 mi12, Greenhill Road, Sutton Coldfield, West Midlands B72 1DS5
£825K08/231.09 mi2, Greenhill Road, Sutton Coldfield, West Midlands B72 1DS5
£605K10/221.09 mi7, Sunnybank Road, Sutton Coldfield, West Midlands B73 5RE5
£523K03/251.09 mi14, Woodchurch Grange, Sutton Coldfield B73 5GA5
£523K03/251.09 mi14, Woodchurch Grange, Sutton Coldfield B73 5GA5
£197K01/251.13 mi17, Mere Road, Birmingham, West Midlands B23 7LH5
£491.6K02/231.19 mi10, Buxton Road, Sutton Coldfield, West Midlands B73 5RS5
£675K06/211.27 mi186, Station Road, Sutton Coldfield, West Midlands B73 5LH5
£292K01/251.27 mi29, St Dominics Road, Birmingham, West Midlands B24 8LL5
£817.5K03/251.29 mi10, The Gardens, Sutton New Hall, Sutton Coldfield B72 1DX5
£817.5K03/251.29 mi10, The Gardens, Sutton New Hall, Sutton Coldfield B72 1DX5
£656.5K10/241.33 mi67, Beacon Road, Sutton Vesey, Sutton Coldfield B73 5SX5
£875K11/241.42 mi25, Brooks Road, Sutton Coldfield B72 1HP5
£668.5K02/231.43 mi5, Brooks Road, Sutton Coldfield, West Midlands B72 1HP5
£835K10/221.43 mi24, Brooks Road, Sutton Coldfield, West Midlands B72 1HP5
£627K11/241.45 mi236, Eachelhurst Road, Sutton New Hall, Sutton Coldfield B76 1EW5
£650K10/221.49 mi50, Kempson Avenue, Sutton Coldfield, West Midlands B72 1HE5
£412K06/231.54 mi12, Haselor Road, Sutton Coldfield, West Midlands B73 5DW5
£630K07/231.57 mi304, Penns Lane, Sutton Coldfield, West Midlands B76 1LE5
£670K06/211.57 mi62, Kempson Avenue, Sutton Coldfield, West Midlands B72 1HF5
£690K12/221.64 mi97, Wylde Green Road, Sutton Coldfield, West Midlands B72 1HH5
£747.5K07/251.65 mi32, Frederick Road, Sutton Vesey, Sutton Coldfield B73 5QN5
£678K06/231.69 mi38, Highbridge Road, Sutton Coldfield, West Midlands B73 5QB5
£720K05/231.73 mi1, The Green, Sutton Coldfield, West Midlands B72 1NB5
£710K04/251.74 mi4, The Green, Sutton Trinity, Sutton Coldfield B72 1NB5
£710K04/251.74 mi4, The Green, Sutton Trinity, Sutton Coldfield B72 1NB5
£575K11/221.81 mi24, Halton Road, Sutton Coldfield, West Midlands B73 6NP5
£862.5K09/241.83 mi23, Goldieslie Road, Sutton Coldfield B73 5PE5
£756.5K08/241.83 mi6, Halton Road, Sutton Coldfield B73 6NP5
£950K05/251.88 mi14, Goldieslie Road, Sutton Coldfield B73 5PQ5

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

4.64 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+40%

Property History

Listed for £230,000

March 5, 2025

Floor Plans

Property image

Description

  • Investment Opportunity +
  • Rental Income £1,100 Per Month +
  • All rooms Fully Occupied +
  • Substantial Property +
  • x5 Bedrooms +
  • x2 Bathrooms +
  • HMO licensed +
  • Close to Erdington High Street +
  • Great Transport Links +
  • Available now for viewings +

ARTICLE 4 HMO LICENSED
Investment opportunity to earn a steady income from this substantial property which has been converted into x5 rooms
The property offers communal kitchen, x1 upstairs bathroom, x1 downstairs shower room.

Government funded supported exempt accommodation investment property, this property presents a opportunity for investor to purchase a ready made investment.

Total Rental Income: £1,100 pcm ( £13,200 per annum)

All bills included.
EPC Rating - D
Council Tax Band - B
HMO LICENSED

Buyers fee of 2% of the purchase price *terms & conditions apply
Contact office for further details 

LOUNGE 11' 0" x 9' 3" (3.37m x 2.83m)  

BEDROOM 1 10' 5" x 10' 5" (3.20m x 3.20m)  

BEDROOM 2 8' 6" x 9' 0" (2.60m x 2.75m)  

BEDROOM 3 7' 3" x 10' 9" (2.21m x 3.30m)  

BEDROOM 4 10' 6" x 13' 3" (3.21m x 4.04m)  

BEDROOM 5 8' 5" x 9' 11" (2.59m x 3.04m)  

With approximate measurements these particulars have been prepared in good faith by the selling agent in conjunction with the vendor(s) with the intention of providing a fair and accurate guide to the property.
However, they do not constitute or form part of an offer or contract nor may they be regarded as representations, all interested parties must themselves verify their accuracy. No tests or checks have been carried out in respect of heating, plumbing, electric installations or any type of appliances which may be included.

Agent Details

Henley Charles, Erdington

0121 386 3344

Next Steps?

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