Potential 4-Bed HMO, Birmingham, B11 3LJ, £190,000

Hillfield Road, Birmingham, B11 3LJ 3 - 1 views - 11 days ago

HMO
ROI: 3%
~93 m²
+21 photos

ValuationOvervalued

Sold Prices£112.5K - £385K
Sold Prices/m²£900/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£180,769

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,500

Running Costs/mo

£1,343

Cashflow/mo

£157

Cashflow/yr

£1,883

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £112.5K to £385K, average is £175.5K. £900/m² to £3.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£145K06/210.02 mi28, Hillfield Road, Sparkhill, Birmingham, West Midlands B11 3LJ3
£142K01/210.02 mi26, Hillfield Road, Sparkhill, Birmingham, West Midlands B11 3LJ3
£160K05/210.02 mi78, Hillfield Road, Sparkhill, Birmingham, West Midlands B11 3LJ3
£140K09/210.06 mi284, Percy Road, Birmingham, West Midlands B11 3LQ3
£176K02/230.07 mi25, Hillfield Road, Sparkhill, Birmingham, West Midlands B11 3LH3
£175K05/230.14 mi183, Percy Road, Birmingham, West Midlands B11 3JS3
£162.5K06/230.16 mi41, Solihull Road, Sparkhill, Birmingham, West Midlands B11 3AD3
£223K07/210.16 mi35, Avondale Road, Birmingham, West Midlands B11 3JT3
£180K06/230.21 mi41, Evelyn Road, Birmingham, West Midlands B11 3JH3
£220K11/220.23 mi5, Nansen Road, Sparkhill, Birmingham, West Midlands B11 4DR3
£142K08/210.23 mi2a, Nansen Road, Sparkhill, Birmingham, West Midlands B11 4DR3
£235K11/210.25 mi95, Fernley Road, Sparkhill, Birmingham, West Midlands B11 3NP3
£241K03/230.25 mi93, Fernley Road, Sparkhill, Birmingham, West Midlands B11 3NP3
£185K05/210.25 mi90, Fernley Road, Sparkhill, Birmingham, West Midlands B11 3NP3
£195K03/230.25 mi64, Fernley Road, Sparkhill, Birmingham, West Midlands B11 3NP3
£173K04/210.26 mi11, Greswolde Road, Birmingham, West Midlands B11 4DJ3
£155K05/230.26 mi99, Solihull Road, Sparkhill, Birmingham, West Midlands B11 3AE3
£180K05/210.28 mi70, Greswolde Road, Birmingham, West Midlands B11 4DL3
£117.9K04/210.29 mi98, Park Road, Sparkhill, Birmingham, West Midlands B11 4HB3
£173K12/220.29 mi157, Solihull Road, Sparkhill, Birmingham, West Midlands B11 3AE3
£165K10/200.29 mi8, Frederick Road, Sparkhill, Birmingham, West Midlands B11 4JS3
£182K05/230.3 mi150, Solihull Road, Sparkhill, Birmingham, West Midlands B11 3AF3
£212K06/220.31 mi19, Leominster Road, Birmingham, West Midlands B11 3BH3
£165K02/210.32 mi100, Grove Road, Sparkhill, Birmingham, West Midlands B11 4DD3
£165K02/210.32 mi100, Grove Road, Sparkhill, Birmingham, West Midlands B11 4DD3
£165K02/210.32 mi100, Grove Road, Sparkhill, Birmingham, West Midlands B11 4DD3
£165K02/210.32 mi100, Grove Road, Sparkhill, Birmingham, West Midlands B11 4DD3
£138K11/220.33 mi29, Castleford Road, Birmingham, West Midlands B11 3SW3
£230K09/210.34 mi69, Lyons Grove, Birmingham, West Midlands B11 4HP3
£197K01/210.34 mi69, Lyons Grove, Birmingham, West Midlands B11 4HP3
£221K05/230.34 mi27, Grove Road, Sparkhill, Birmingham, West Midlands B11 4DB3
£198K01/210.34 mi104, Bromyard Road, Sparkhill, Birmingham, West Midlands B11 3BB3
£195K12/200.34 mi102, Bromyard Road, Sparkhill, Birmingham, West Midlands B11 3BB3
£146K09/200.35 mi4, Dolphin Road, Sparkhill, Birmingham, West Midlands B11 3LR3
£135K10/200.36 mi59, Mountford Street, Sparkhill, Birmingham, West Midlands B11 3LZ3
£185K10/200.36 mi5, Rhone Close, Birmingham, West Midlands B11 4HR3
£190K05/230.36 mi5, Rhone Close, Birmingham, West Midlands B11 4HR3
£360K11/210.38 mi140, Woodlands Road, Sparkhill, Birmingham, West Midlands B11 4ET3
£155K10/200.39 mi63, Philip Sidney Road, Birmingham, West Midlands B11 4HS3
£205K05/230.39 mi69, Bromyard Road, Sparkhill, Birmingham, West Midlands B11 3AZ3
£172K10/200.39 mi18, Bromyard Road, Sparkhill, Birmingham, West Midlands B11 3BA3
£145K09/210.4 mi10, Colebrook Road, Birmingham, West Midlands B11 2NT3
£250K07/230.4 mi40, Doris Road, Sparkhill, Birmingham, West Midlands B11 4NE3
£202K04/230.41 mi17, Belvidere Gardens, Birmingham, West Midlands B11 4NU3
£135K01/210.41 mi16, Belvidere Gardens, Birmingham, West Midlands B11 4NU3
£170K01/210.41 mi139, Weston Lane, Birmingham, West Midlands B11 3RR3
£280K05/230.42 mi73, Runnymede Road, Birmingham, West Midlands B11 3BN3
£220K01/210.43 mi106, Tetley Road, Birmingham, West Midlands B11 3BT3
£112.5K10/200.44 mi86, Weston Lane, Birmingham, West Midlands B11 3RX3
£385K02/210.44 mi76, College Road, Moseley, Birmingham, West Midlands B13 9LP3

Local Area Statistics

Population in B11

44,391

Population in Birmingham

1,034,821

Town centre distance

1.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.93 miles away

 

 

Rental growth (12m)

+51%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £190,000

March 6, 2025

Floor Plans

Description

  • Convenient Residential Location +
  • Potential for Further Development +
  • Tenanted for immediate Investment +
  • 4 Bedroom HMO +
  • Ideal Investment Property +
  • No Forward Chain +

Bettermove are proud to present this 3/4 bedroom terraced house in Sparkhill- Birmingham available with no forward chain.
The property benefits from double glazing- gas central heating throughout and has ample on street parking available nearby. The council tax band is A.
The property is tenanted and will be sold with tenants in situ for immediate investment - rental yields can be obtained through Bettermove.
The interior of this property comprises a spacious living room which is currently being used as a fourth bedroom- dining room- the fitted kitchen and the family bathroom on the ground floor. The first floor consists of three bedrooms. The exterior boasts a private rear garden- which requires some maintenance and upgrading to bring it up to its full potential.
Located in the residential area of Sparkhill- the property is close to a range of amenities- including shops- supermarkets- restaurants and pubs. Excellent transport connections can be found from Tyseley Train Station and many local bus routes providing easy access into Birmingham City Centre.
This exciting opportunity should not be missed! All enquiries can be made through Bettermove on .
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You can secure the purchase immediately by paying an exclusivity deposit of £1-000.
This is not an additional fee and is returned to you on completion.
Paying this deposit ensures that the seller takes the property off the market and reserves it exclusively for you. Therefore- eliminating the risk of being gazumped by another buyer- and incurring aborted costs.
This allows you rights to purchase within a given timeframe (typically 8-12 weeks) which gives you time to prepare funding- surveys- and searches.
Speak to one of our sales team about our Exclusivity Deposits today to find out more…

Agent Details

Bettermove, Nationwide

020 3834 8696

Next Steps?

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