7 Bed HMO, Birmingham, B33 8BJ, £400,000

Lyttelton Road, Birmingham, B33 8BJ - 7 views - 17 days ago

HMO
ROI: 7%
~217 m²
+10 photos

ValuationUndervalued

Sold Prices£80K - £499.9K
Sold Prices/m²£1.2K/m² - £3.5K/m²

 

 

Square Metres

~217 m²
Price/m²£1.8K/m²

Value Estimate

£492,000
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£128,700

 

 

Cash Out

 

Room Rate

£494

Gross Rent

£3,458

Running Costs/mo

£2,751

Cashflow/mo

£707

Cashflow/yr

£8,487

ROI

7%

Gross Yield

10%

Local Sold Prices

35 sold prices from £80K to £499.9K, average is £275K. £1.2K/m² to £3.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£80K03/230.09 mi163, Albert Road, Stechford, Birmingham, West Midlands B33 8UB4
£300K03/230.11 mi142, Albert Road, Stechford, Birmingham, West Midlands B33 8UA4
£308K10/230.12 mi162, Albert Road, Stechford, Birmingham, West Midlands B33 8UE4
£200K09/230.17 mi61, Albert Road, Stechford, Birmingham, West Midlands B33 8AG4
£182K06/210.31 mi28, Masham Close, Birmingham, West Midlands B33 8DY4
£325K06/230.35 mi55, Manor Gardens, Birmingham, West Midlands B33 8PS4
£247K03/210.38 mi132, Manor Road, Stechford, Birmingham, West Midlands B33 8EQ4
£305K03/220.4 mi20, Norris Drive, Birmingham, West Midlands B33 8DX4
£300K04/210.41 mi382, Station Road, Stechford, Birmingham, West Midlands B33 8SA4
£235K02/210.44 mi137, Westacre Gardens, Stechford, Birmingham, West Midlands B33 8RH4
£197K12/200.52 mi11, Bonham Grove, Birmingham, West Midlands B25 8RX4
£270K01/210.52 mi263, Stoney Lane, Yardley, Birmingham, West Midlands B25 8YG4
£420K02/210.55 mi538, Church Road, Yardley, Birmingham, West Midlands B33 8HT4
£400K01/230.66 mi34, Blakesley Road, Yardley, Birmingham, West Midlands B25 8XU4
£499.9K03/210.66 mi23, Blakesley Road, Yardley, Birmingham, West Midlands B25 8XU4
£275K10/230.69 mi126, Clements Road, Yardley, Birmingham, West Midlands B25 8TT4
£275K07/220.69 mi94, Little Bromwich Road, Birmingham, West Midlands B9 5JB4
£280K06/230.7 mi66, Stechford Road, Birmingham, West Midlands B34 6BH4
£225K12/220.71 mi10, Passfield Road, Birmingham, West Midlands B33 8EU4
£215K04/210.72 mi54, Greenwood, Birmingham, West Midlands B25 8YU4
£123K07/230.74 mi42, Bordesley Green East, Bordesley Green, Birmingham, West Midlands B9 5SD4
£350K08/220.78 mi337, Church Road, Yardley, Birmingham, West Midlands B25 8XR4
£200K05/230.85 mi66, Swancote Road, Birmingham, West Midlands B33 9JE4
£400K05/230.85 mi20, Bordesley Green East, Bordesley Green, Birmingham, West Midlands B9 5SA4
£205K01/230.85 mi55, Swancote Road, Birmingham, West Midlands B33 9JE4
£268K07/210.86 mi22, Sedgemere Road, Yardley, Birmingham, West Midlands B26 2AT4
£292K05/210.86 mi8, Maryland Avenue, Birmingham, West Midlands B34 6EG4
£349K01/230.86 mi14, Fairlawns, Birmingham, West Midlands B26 2DT4
£301.5K11/220.89 mi6, Hodge Hill Road, Birmingham, West Midlands B34 6DU4
£430K10/220.92 mi40, Coleshill Road, Birmingham, West Midlands B36 8AA4
£230K06/210.94 mi37, Mickleover Road, Birmingham, West Midlands B8 2ND4
£350K06/210.95 mi1, Eastbourne Avenue, Birmingham, West Midlands B34 6AL4
£255K04/210.97 mi30, Twyford Road, Ward End, Birmingham, West Midlands B8 2NJ4
£362K06/210.98 mi33, Eastbourne Avenue, Birmingham, West Midlands B34 6AR4
£240K02/210.99 mi464, Hob Moor Road, Yardley, Birmingham, West Midlands B25 8UB4

Local Area Statistics

Population in B33

34,420

Population in Birmingham

1,034,821

Town centre distance

3.11 miles away

Nearest school

0.10 miles away

Nearest train station

0.22 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £400,000

March 24, 2025

Floor Plans

Description

  • Seven Double Bedrooms +
  • Bedroom One With En-Suite +
  • Spacious Living Room +
  • Well Presented +
  • Chain Free +
  • Popular And Convenient Residential Location +
  • Two Bathrooms +

The Property
A great opportunity to purchase this spacious, chain free, seven-bedroom HMO situated in a popular residential location. The property features seven double bedrooms, bedroom one with en-suite, a spacious living room, two bathrooms, a good size kitchen, front and rear gardens.
The property also comes with the added benefit of being marketed with or without tenants in situ with a potential rental income of around 6k per month with full occupancy.
Situated in a convenient and popular residential location having access to local amenities such as shops, schools, and restaurants, it is a few minutes walk of Stechford train station
and Station Road which provides excellent travel links to, Birmingham City Centre, Solihull, Birmingham International airport, the NEC and to the motorway network. This property provides an ideal opportunity for investors, landlords, families, and offers amazing scope for further development subject to the appropriate planning consents.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Birmingham

024 7542 7306

Next Steps?

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