6 Bed HMO, Birmingham, B29 6DA, £575,000

661E279a Tiverton Road, Birmingham, B29 6DA - 2 views - a month ago

HMO
Refurb/BRRR
67 m²
+16 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£46,200

Refurb Costs

£26,490

Bridging Loan Interest

£15,094

Total Cash In

£233,283

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£537,500

Mortgage (After Refinance)

£403,125

Mortgage LTV

75%

Cash Left In

£233,283

Equity

£134,375

Room Rate

£375

Gross Rent

£2,250

Running Costs/mo

£2,873

Cashflow/mo

£-623

Cashflow/yr

£-7,476

Gross Yield

5%













Property History

Listed for £575,000

March 19, 2025

Description

  • High-Yield HMO Investment Opportunity – Full Refurb Available! +
  • Prime Student Location +
  • HMO Conversion & Full Fit-Out Available +
  • 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 +

High-Yield HMO Investment Opportunity – Full Refurb Available!
Luton Road – Prime Student Location
Total Investment: £575,000 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!

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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