6 Bed HMO, Birmingham, B29 6EN £530,000

Heeley Road, Birmingham, West Midlands, B29 6EN - 8 months ago
HMO
Inside Article 4
~186 m²
Property image

ValuationUndervalued

Sold Prices£160K - £1.9M
Sold Prices/m²£2.1K/m² - £7.2K/m²

 

 

Square Metres

~186 m²
Price/m²£2.8K/m²

Value Estimate

£662,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£132,500

Stamp Duty & Legal Fees

£44,200

Total Cash In

£176,700

 

 

Cash Out

 

Room Rate

£477

Gross Rent

£2,862

Running Costs/mo

£2,982

Cashflow/mo

£-120

Cashflow/yr

£-1,434

Gross Yield

6%

Local Sold Prices

50 sold prices from £160K to £1.9M, average is £860K. £2.1K/m² to £7.2K/m², average is £3.7K/m².

Price
Date
Distance
Address
Beds
 
£395K02/230.24 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£177K06/210.25 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£332.5K06/210.31 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£420K02/250.43 mi13, Rookery Road, Selly Oak, Birmingham B29 7DG6
£160K05/230.47 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£1.2M12/220.51 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£825K01/230.79 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£1.2M11/230.86 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£1.2M11/230.86 mi59, Eastern Road, Selly Oak, Birmingham B29 7JX6
£995K04/230.99 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£860K12/221.31 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£860K12/221.31 mi341, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.32 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.32 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£695K02/231.38 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£695K02/231.38 mi321, Pershore Road, Edgbaston, Birmingham B5 7RY6
£820K03/251.41 mi79, Reddings Road, Birmingham B13 8LP6
£820K03/251.41 mi79, Reddings Road, Birmingham B13 8LP6
£350K11/211.55 mi66, Middleton Hall Road, Birmingham, West Midlands B30 1BY6
£950K01/231.58 mi217a, Bristol Road, Edgbaston, Birmingham B5 7UB6
£760K08/221.59 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£410K12/211.59 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£888K01/251.6 mi58, Moorcroft Road, Birmingham B13 8LU6
£888K01/251.6 mi58, Moorcroft Road, Birmingham B13 8LU6
£700K06/251.62 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£700K06/251.62 mi67, Russell Road, Moseley And Kings Heath, Birmingham B13 8RB6
£965K03/241.62 mi225, Northfield Road, Bournville, Birmingham B30 1EB6
£965K03/241.62 mi225, Northfield Road, Bournville, Birmingham B30 1EB6
£1.9M08/221.64 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£707K07/241.65 mi211, Alcester Road, Birmingham B13 8PX6
£950K01/231.66 mi217a, Bristol Road, Birmingham, West Midlands B5 7UB6
£295K03/231.67 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£780K01/221.67 mi168, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£760K11/221.7 mi184, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£390K02/251.72 mi15, Corvedale Road, Birmingham, West Midlands B29 4LG6
£1.0M10/241.76 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.0M10/241.76 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.3M07/221.84 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£1.1M05/251.85 mi28, Greening Drive, Birmingham B15 2XA6
£1.1M05/251.85 mi28, Greening Drive, Birmingham B15 2XA6
£1.2M07/221.87 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£1.3M01/231.89 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£936K12/241.91 mi40, Park Hill, Birmingham B13 8DT6
£944K05/231.91 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6
£750K10/211.93 mi83, Westhill Road, Birmingham, West Midlands B38 8TG6
£660K09/231.93 mi85, Westhill Road, Birmingham, West Midlands B38 8TG6
£1.8M04/241.94 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.8M04/241.94 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.9M11/231.94 mi63, Wellington Road, Edgbaston, Birmingham B15 2ET6
£1.9M06/221.94 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.82 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 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 £530,000

May 19, 2025

Listed for £550,000

March 6, 2025

Description

* FULLY REFURBISHED HMO INVESTMENT OPPORTUNITY *

Set over three floors, this six double bedroom, six en-suites property located in Selly Oak within walking distance of the University of Birmingham and the Queen Elizabeth Hospital which is currently rented out for this academic year with a HMO licence.

As well as being just a short walk from the University of Birmingham. The Queen Elizabeth Hospital, Selly Oak Train Station and Selly Oak’s two retail parks are also within walking distance ensuring all amenities and transport links tenants may need are within close reach.

Agent Details

Dixons, Selly Oak

0121 387 6291

Next Steps?

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