5 Bed HMO, Birmingham, B23 6LS, £265,000

Gravelly Lane, Erdington, Birmingham, B23 6LS - 3 views - 12 days ago

HMO
~178 m²
+1 photos

ValuationUndervalued

Sold Prices£240K - £945K
Sold Prices/m²£2K/m² - £8K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.5K/m²

Value Estimate

£320,650
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£15,200

Total Cash In

£81,450

 

 

Cash Out

 

Room Rate

£280

Gross Rent

£1,400

Running Costs/mo

£1,664

Cashflow/mo

£-264

Cashflow/yr

£-3,167

Gross Yield

6%

Local Sold Prices

50 sold prices from £240K to £945K, average is £587K. £2K/m² to £8K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£625K12/220.49 mi170, Orphanage Road, Birmingham, West Midlands B24 0AA5
£803K10/200.77 mi279, Boldmere Road, Sutton Coldfield, West Midlands B73 5LP5
£480K02/230.77 mi8, Rollason Road, Birmingham, West Midlands B24 9BJ5
£340K10/200.81 mi4, Spring Lane, Birmingham, West Midlands B24 9BU5
£645K03/210.83 mi267, Boldmere Road, Sutton Coldfield, West Midlands B73 5LL5
£605K10/220.85 mi7, Sunnybank Road, Sutton Coldfield, West Midlands B73 5RE5
£665K06/210.9 mi2, The Boulevard, Sutton Coldfield, West Midlands B73 5JQ5
£560K04/230.92 mi16, Poppy Lane, Birmingham, West Midlands B24 0EJ5
£491.6K02/230.95 mi10, Buxton Road, Sutton Coldfield, West Midlands B73 5RS5
£800K09/210.97 mi8, Boultbee Road, Sutton Coldfield, West Midlands B72 1DW5
£675K06/210.97 mi186, Station Road, Sutton Coldfield, West Midlands B73 5LH5
£520K08/211.02 mi6, The Cobbles, Sutton Coldfield, West Midlands B72 1XE5
£869.9K08/221.02 mi12, Greenhill Road, Sutton Coldfield, West Midlands B72 1DS5
£825K08/231.02 mi2, Greenhill Road, Sutton Coldfield, West Midlands B72 1DS5
£285K03/211.08 mi139, Woolmore Road, Birmingham, West Midlands B23 7ED5
£545K10/221.1 mi4, Salisbury Grove, Sutton Coldfield, West Midlands B72 1XY5
£430K05/221.14 mi173, Erdington Hall Road, Birmingham, West Midlands B24 8JB5
£412K06/231.14 mi12, Haselor Road, Sutton Coldfield, West Midlands B73 5DW5
£600K11/201.14 mi111, Station Road, Sutton Coldfield, West Midlands B73 5LA5
£580K03/211.14 mi119, Station Road, Sutton Coldfield, West Midlands B73 5LA5
£335K04/221.16 mi132, Springthorpe Road, Birmingham, West Midlands B24 0SP5
£589K09/231.18 mi2, Darnford Close, Sutton Coldfield, West Midlands B72 1YU5
£325K11/201.18 mi8, Little Pitts Close, Birmingham, West Midlands B24 0HH5
£495K04/211.2 mi5, Marchmount Road, Sutton Coldfield, West Midlands B72 1EE5
£240K01/231.22 mi615, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR5
£315K01/211.25 mi29, Frederick Road, Erdington, Birmingham, West Midlands B23 7NL5
£668.5K02/231.36 mi5, Brooks Road, Sutton Coldfield, West Midlands B72 1HP5
£835K10/221.36 mi24, Brooks Road, Sutton Coldfield, West Midlands B72 1HP5
£650K10/221.42 mi50, Kempson Avenue, Sutton Coldfield, West Midlands B72 1HE5
£637.5K11/201.45 mi21, Frederick Road, Sutton Coldfield, West Midlands B73 5QW5
£570K01/211.46 mi5, Kempson Avenue, Sutton Coldfield, West Midlands B72 1HJ5
£575K11/221.47 mi24, Halton Road, Sutton Coldfield, West Midlands B73 6NP5
£678K06/231.5 mi38, Highbridge Road, Sutton Coldfield, West Midlands B73 5QB5
£585K10/201.5 mi17, Wylde Green Road, Sutton Coldfield, West Midlands B72 1HB5
£613K03/211.51 mi33, Wylde Green Road, Sutton Coldfield, West Midlands B72 1HD5
£670K06/211.53 mi62, Kempson Avenue, Sutton Coldfield, West Midlands B72 1HF5
£520K11/201.56 mi1a, Darnick Road, Sutton Coldfield, West Midlands B73 6PE5
£690K12/221.58 mi97, Wylde Green Road, Sutton Coldfield, West Midlands B72 1HH5
£537K10/201.6 mi4, Maddocks Hill, Sutton Coldfield, West Midlands B72 1LZ5
£720K05/231.69 mi1, The Green, Sutton Coldfield, West Midlands B72 1NB5
£565K01/211.7 mi67, Morven Road, Sutton Coldfield, West Midlands B73 6NE5
£544K10/201.71 mi89, Pilkington Avenue, Sutton Coldfield, West Midlands B72 1LG5
£760K08/231.72 mi103, Birmingham Road, Sutton Coldfield, West Midlands B72 1LU5
£775K12/221.75 mi57, Monmouth Drive, Sutton Coldfield, West Midlands B73 6JH5
£475K10/201.75 mi84, East View Road, Sutton Coldfield, West Midlands B72 1JA5
£630K07/231.75 mi304, Penns Lane, Sutton Coldfield, West Midlands B76 1LE5
£945K06/231.8 mi231, Monmouth Drive, Sutton Coldfield, West Midlands B73 6JS5
£670K01/231.82 mi109, Darnick Road, Sutton Coldfield, West Midlands B73 6PG5
£438K06/231.84 mi8, Grendon Drive, Sutton Coldfield, West Midlands B73 6QA5
£455K01/211.85 mi71, Maney Hill Road, Sutton Coldfield, West Midlands B72 1JS5

Local Area Statistics

Population in B23

42,854

Population in Birmingham

1,034,821

Town centre distance

4.79 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £265,000

March 17, 2025

Floor Plans

Description

  • Investment Opportunity +
  • HMO Licensed +
  • Kitchen Diner +
  • Rear Garden +
  • x5 Bedrooms +
  • Rental Income £1,400 Per Month +
  • 1 Bedroom with en-suite +
  • 5 Mins walk to train station +
  • Gas Central Heating +
  • Available now for viewings +

ARTICLE 4 HMO LICENSED
Investment opportunity to earn a steady income from this property which has been converted into x5 rooms

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

Rental Income £1,400 Per Month
Kitchen Diner
x5 Bedrooms
1 Bedroom with en-suite
Close to Erdington High Street & Train Station
Gas Central Heating

Rental Income: £1,400 pcm ( £16,800 per annum)

EPC Rating - D
Council Tax Band - B
HMO LICENSED
 

OPEN PLAN KITCHEN/LOUNGE 8' 10" x 22' 10" (2.71m x 6.96m)  

BEDROOM 1 12' 5" x 13' 5" (3.80m x 4.11m)  

BEDROOM 2 7' 8" x 12' 2" (2.36m x 3.73m)  

BEDROOM 3 8' 2" x 11' 11" (2.51m x 3.65m)  

BEDROOM 4 8' 7" x 12' 3" (2.64m x 3.75m)  

BEDROOM 5 14' 5" x 11' 2" (4.40m x 3.42m)  

BATHROOM 5' 6" x 9' 10" (1.68m x 3.01m)  

EN-SUITE 7' 5" x 3' 2" (2.27m x 0.97m)  

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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