6 Bed HMO, Birmingham, B16 0LP £425,000

Hallewell Road, Edgbaston, B16 0LP - 5 views - 7 months ago
HMO
ROI: 3%
~186 m²
Property image

ValuationUndervalued

Sold Prices£160K - £1.9M
Sold Prices/m²£1K/m² - £7.2K/m²

 

 

Square Metres

~186 m²
Price/m²£2.3K/m²

Value Estimate

£510,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£33,700

Total Cash In

£139,950

 

 

Cash Out

 

Room Rate

£500

Gross Rent

£3,000

Running Costs/mo

£2,651

Cashflow/mo

£349

Cashflow/yr

£4,189

ROI

3%

Gross Yield

8%

Local Sold Prices

43 sold prices from £160K to £1.9M, average is £800K. £1K/m² to £7.2K/m², average is £3.1K/m².

Price
Date
Distance
Address
Beds
 
£375K05/230.13 mi166, Rotton Park Road, Birmingham, West Midlands B16 0LN6
£440K03/240.33 mi9, Mead Avenue, Birmingham B16 0QW6
£380K08/230.36 mi5, Deerstalker Square, Birmingham B16 0PT6
£380K08/230.36 mi5, Deerstalker Square, Edgbaston, Birmingham, West Midlands B16 0PT6
£250K08/220.37 mi406, Rotton Park Road, Birmingham, West Midlands B16 0LA6
£800K06/240.44 mi10, Moorland Road, Birmingham B16 9JP6
£800K06/240.44 mi10, Moorland Road, Birmingham B16 9JP6
£720K01/230.46 mi16, Vernon Road, Edgbaston, Birmingham, West Midlands B16 9SH6
£638K04/240.52 mi21, Montague Road, Edgbaston, Birmingham B16 9HR6
£638K04/240.52 mi21, Montague Road, Edgbaston, Birmingham B16 9HR6
£625K08/210.7 mi6, Noel Road, Birmingham, West Midlands B16 9PS6
£570K03/230.96 mi9, Barnsley Road, Birmingham, West Midlands B17 8EB6
£236K07/231.04 mi34, Wellington Road, Smethwick, West Midlands B67 6EU6
£1.5M04/231.06 mi95, Harborne Road, Birmingham B15 3HG6
£1.5M04/231.06 mi95, Harborne Road, Birmingham, West Midlands B15 3HG6
£1.9M06/221.1 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£860K04/241.11 mi1, The Oaks, Harborne, Birmingham B17 8QQ6
£1.2M07/221.18 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£990K11/241.18 mi344, Lordswood Road, Quinton, Birmingham B17 8AN6
£990K11/241.18 mi344, Lordswood Road, Quinton, Birmingham B17 8AN6
£1.4M06/211.25 mi9, Oakham Road, Harborne, Birmingham, West Midlands B17 9DQ6
£1.4M10/241.43 mi55, Hamilton Avenue, Birmingham B17 8AS6
£1.4M10/241.45 mi55, Hamilton Avenue, Harborne, Birmingham, West Midlands B17 8AS6
£785K12/221.51 mi104, Lordswood Road, Birmingham, West Midlands B17 9BU6
£375K07/241.57 mi47, Scholars Close, Birmingham, West Midlands B21 0UB6
£260K06/211.57 mi18, Scholars Close, Birmingham, West Midlands B21 0UB6
£160K03/251.58 mi44, Doulton Drive, Smethwick B66 1RA6
£160K03/251.58 mi44, Doulton Drive, Smethwick B66 1RA6
£375K07/241.59 mi47, Scholars Close, Birmingham B21 0UB6
£1.1M05/251.61 mi28, Greening Drive, Birmingham B15 2XA6
£1.1M05/251.61 mi28, Greening Drive, Birmingham B15 2XA6
£1.0M10/221.63 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£1.9M08/221.71 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£525K06/211.71 mi71, Croftdown Road, Birmingham, West Midlands B17 8RE6
£510K10/241.73 mi35, Monmouth Road, Smethwick B67 5EF6
£1.2M07/251.75 mi48, Fitz Roy Avenue, Birmingham B17 8RJ6
£1.8M04/241.81 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.8M04/241.81 mi38, Carpenter Road, Birmingham B15 2JJ6
£1.0M10/241.85 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.0M10/241.85 mi14, Victoria Road, Harborne, Birmingham B17 0AH6
£1.9M11/231.96 mi63, Wellington Road, Edgbaston, Birmingham B15 2ET6
£655K07/241.97 mi53, Tennal Road, Harborne, Birmingham B32 2JD6
£655K07/241.97 mi53, Tennal Road, Harborne, Birmingham B32 2JD6

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.97 miles away

Nearest school

0.20 miles away

Nearest train station

1.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Price changed to £425,000

June 20, 2025

Listed for £465,000

March 31, 2025

Floor Plans

Property image

Description

  • No chain +
  • HMO investment opportunity +
  • 6 double bedrooms +
  • Shared lounge & kitchen +
  • Two bathrooms +
  • Gas central heating +
  • Double glazed +
  • Rental income of around £3,000pcm (8% yield) +

A great opportunity for a HMO investor to purchase a high yielding property which is rented as 6 bed HMO for around £3,000pcm (8% yield). The property is located in Edgbaston in a popular location amongst young professional and student tenants meaning that the property is always fully occupied all year round with minimal void period.

We anticipate high demand for this property, so hurry and book your viewing. We look forward to your call.

ROOM SIZES:

GROUND FLOOR
Porch
Hallway
Lounge: 17' 5" x 12' 7" (5.31m x 3.84m)
Room One: 14' 10" x 10' 8" (4.52m x 3.25m)
Kitchen: 25' 5" x 8' 8" (7.75m x 2.64m)
Utility: 8' 8" x 6' 5" (2.64m x 1.96m)
Shower Room: 8' 8" x 8' 5" (2.64m x 2.57m)

FIRST FLOOR
Landing
Room Two: 16' 5" x 13' 9" (5m x 4.19m)
Room Three: 15' 0" x 10' 10" (4.57m x 3.3m)
Room Four: 12' 11" x 8' 8" (3.94m x 2.64m)
Bathroom: 10' 6" x 5' 10" (3.2m x 1.78m)

SECOND FLOOR
Landing
Room Five: 16' 5" x 14' 5" (5m x 4.39m)
Room Six: 10' 8" x 8' 7" (3.25m x 2.62m)

OUTSIDE
Rear Paved Garden

Agent Details

Martin & Co, Harborne

0121 387 6333

Next Steps?

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