7 Bed HMO, Birmingham, B29 7BN £540,000

721C19a Luton Road, Birmingham, B29 7BN - 5 views - 8 months ago

HMO

Refurb/BRRR

ROI: 1%

96 m²

+6 photos

ValuationOvervalued

Sold Prices	£240K - £1.5M
Sold Prices/m²	£1.5K/m² - £4.7K/m²

Square Metres	95.87 m²
Price/m²	£5.6K/m²
Value Estimate	£262,401£262,401

End Value (After Refurb)	£381,625£381,625

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£135,000£135,000
Stamp Duty & Legal Fees	£42,700£42,700
Refurb Costs	£37,972£37,972
Bridging Loan Interest	£14,175£14,175
Total Cash In	£231,597£231,597

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£381,625£381,625
Mortgage (After Refinance)	£286,219£286,219
Mortgage LTV	75%75%
Cash Left In	£231,597£231,597
Equity	£95,406£95,406
Room Rate	£375£375
Gross Rent	£2,625£2,625
Running Costs/mo	£2,504£2,504
Cashflow/mo	£121£121
Cashflow/yr	£1,448£1,448
ROI	1%1%
Gross Yield	6%6%

Local Sold Prices

19 sold prices from £240K to £1.5M, average is £618K. £1.5K/m² to £4.7K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£420K	02/25	0.19 mi	1, Rookery Road, Selly Oak, Birmingham, West Midlands B29 7DG	£4,667	90	7	Terraced House
£240K	03/25	1.13 mi	49, Corisande Road, Birmingham B29 6RL	£2,034	118	7	Semi-Detached House
£240K	03/25	1.13 mi	49, Corisande Road, Birmingham B29 6RL	-	-	7	Terraced House
£1.1M	08/22	1.39 mi	65, Salisbury Road, Moseley, Birmingham, West Midlands B13 8LB	£3,860	285	7	Detached House
£685K	11/21	1.43 mi	120, Salisbury Road, Moseley, Birmingham, West Midlands B13 8JZ	-	-	7	Semi-Detached House
£420K	06/21	1.55 mi	1, South Road, Kings Heath, Birmingham, West Midlands B14 7SE	£2,199	191	7	Terraced House
£1.2M	06/21	1.59 mi	10, Charlotte Road, Edgbaston, Birmingham, West Midlands B15 2NQ	£2,731	432	7	Detached House
£1.3M	02/25	1.6 mi	27, Chantry Road, Moseley And Kings Heath, Birmingham B13 8DL	-	-	7	Detached House
£1.5M	05/24	1.66 mi	39, Frederick Road, Edgbaston, Birmingham, West Midlands B15 1JN	-	-	7	Semi-Detached House
£1.5M	05/24	1.71 mi	39, Frederick Road, Edgbaston, Birmingham B15 1JN	-	-	7	Semi-Detached House
£638K	04/24	1.97 mi	21, Montague Road, Edgbaston, Birmingham, West Midlands B16 9HR	£2,647	241	7	Semi-Detached House
£590K	07/24	2 mi	34, Clarendon Road, Edgbaston, Birmingham B16 9SE	£4,538	130	7	Detached House
£590K	07/24	2 mi	34, Clarendon Road, Edgbaston, Birmingham B16 9SE	-	-	7	Detached House
£810K	06/21	2.03 mi	8, Ellesboro Road, Birmingham, West Midlands B17 8PT	£3,857	210	7	Detached House
£500K	05/21	2.25 mi	178, Middleton Hall Road, Birmingham, West Midlands B30 1DP	-	-	7	Semi-Detached House
£400K	03/22	2.4 mi	165, Rotton Park Road, Edgbaston, Birmingham B16 0LJ	£1,471	272	7	Detached House
£618K	12/22	2.51 mi	13, Barnsley Road, Birmingham, West Midlands B17 8EB	-	-	7	Semi-Detached House
£320K	11/23	2.51 mi	133, Gillott Road, Birmingham, West Midlands B16 0ET	£1,818	176	7	Semi-Detached House
£1.1M	03/25	2.9 mi	225, Wake Green Road, Springfield, Birmingham B13 9UZ	-	-	7	Detached House

Local Area Statistics

Population in B29	42,51242,512
Population in Birmingham	1,034,8211,034,821
Town centre distance	2.41 miles away2.41 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.44 miles away0.44 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-56%-56%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+30%+30%

Property History

Listed for £540,000

March 13, 2025

Description

Prime Selly Oak Location +
Fantastic investment Opportunity +
Three Storey +
Potential To Further Develop +

?? High-Yield HMO Investment Opportunity – Full Refurb Available!

?? Luton Road – Prime Student Location

?? Total Investment: £540,000 including VAT (including full refurbishment, subject to full quote)

??? 6 Bedrooms | 6 Bathrooms

?? Potential Rent: £3,640 PCM

?? HMO Conversion & Full Fit-Out Available

This property is a fantastic investment opportunity, with a proven track record of increased rental returns after refurbishment. Our recommended specialist HMO builders handle everything from planning to high-spec finishing, ensuring compliance and maximizing rental income.
?? Why invest?
?? Higher Rental Income – Modernized HMOs attract premium rents
?? Stamp Duty Savings – Save £15,000 compared to buying a pre-refurbished property
?? Turnkey Service – Fully managed refurb with stylish furnishings
Interested? Get in touch today to discuss the full investment potential and refurb options!

We have been advised by the owner that the property is Freehold.

Please note that this should be verified by your legal representative and Oakmans Estate Agents cannot be held responsible if the information is incorrect.

Agent Details

Oakmans Estate Agents, Birmingham

0121 387 6513

Next Steps?

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

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