4 Bed HMO, Birmingham, B16 9DA, £295,000

Harold Road, Edgbaston, B16 9DA - 1 views - 18 days ago

HMO
Planning
ROI: 2%
~129 m²
+2 photos

ValuationUndervalued

Sold Prices£190K - £865K
Sold Prices/m²£1.5K/m² - £6.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.3K/m²

Value Estimate

£303,850
BMV3%

 

 

End Value (After Refurb)

£354,303

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£51,147

Bridging Loan Interest

£7,744

Total Cash In

£155,091

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£354,303

Mortgage (After Refinance)

£265,727

Mortgage LTV

75%

Cash Released

£44,477

Cash Left In

£110,613

Equity

£88,576

Room Rate

£589

Gross Rent

£2,356

Running Costs/mo

£2,096

Cashflow/mo

£260

Cashflow/yr

£3,117

ROI

2%

Gross Yield

10%

Local Sold Prices

50 sold prices from £190K to £865K, average is £461.5K. £1.5K/m² to £6.5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£245K05/220.06 mi23, Sefton Road, Birmingham, West Midlands B16 9DR4
£240K05/230.1 mi3, Hickman Gardens, Birmingham, West Midlands B16 9PT4
£335K12/200.1 mi19, Oliver Road, Ladywood, Birmingham, West Midlands B16 9ER4
£450K09/210.15 mi3, Clark Street, Birmingham, West Midlands B16 9ES4
£260K02/230.16 mi15, Pinto Close, Birmingham, West Midlands B16 9EP4
£265K08/220.17 mi22, Daisy Road, Birmingham, West Midlands B16 9DZ4
£450K09/220.21 mi200, Monument Road, Birmingham, West Midlands B16 8UU4
£270K05/210.24 mi55, Mariner Avenue, Birmingham, West Midlands B16 9DF4
£600K06/210.25 mi43, Clarendon Road, Birmingham, West Midlands B16 9SD4
£480K03/220.46 mi1, Clare Drive, Birmingham, West Midlands B15 3LP4
£625K02/210.49 mi47, Selwyn Road, Birmingham, West Midlands B16 0SJ4
£221.5K12/200.5 mi106, Ruston Street, Birmingham, West Midlands B16 8BB4
£458K03/210.53 mi6b, Augustus Road, Edgbaston, Birmingham, West Midlands B15 3NB4
£465K12/200.53 mi8, Augustus Road, Edgbaston, Birmingham, West Midlands B15 3NB4
£250K10/210.54 mi85, Selwyn Road, Birmingham, West Midlands B16 0SL4
£850K11/220.54 mi34, Malcolmson Close, Birmingham, West Midlands B15 3LS4
£550K06/230.54 mi4, Malcolmson Close, Birmingham, West Midlands B15 3LS4
£712K04/220.54 mi6, Malcolmson Close, Birmingham, West Midlands B15 3LS4
£472.5K11/200.55 mi11, Selwyn Road, Birmingham, West Midlands B16 0SH4
£484K03/220.55 mi27, Niall Close, Birmingham, West Midlands B15 3LU4
£447K10/200.55 mi6, Gilchrist Drive, Birmingham, West Midlands B15 3NG4
£316K08/220.56 mi72, Selwyn Road, Birmingham, West Midlands B16 0SW4
£865K03/210.58 mi5, Broomhurst, Birmingham, West Midlands B15 3NL4
£552K07/220.59 mi25, Niall Close, Birmingham, West Midlands B15 3LU4
£395K01/210.59 mi50, Wheatsheaf Road, Birmingham, West Midlands B16 0RY4
£395K01/210.59 mi50, Wheatsheaf Road, Birmingham, West Midlands B16 0RY4
£700K12/200.61 mi33, Hampshire Drive, Birmingham, West Midlands B15 3NY4
£190K11/210.61 mi1, Sherborne Grove, Birmingham, West Midlands B1 2PU4
£565K02/230.67 mi31, Anstruther Road, Birmingham, West Midlands B15 3NN4
£490K05/210.67 mi14, Anstruther Road, Birmingham, West Midlands B15 3NN4
£370K01/220.67 mi6, Hallewell Road, Birmingham, West Midlands B16 0LR4
£780K09/220.68 mi25, Oak Hill Drive, Birmingham, West Midlands B15 3UG4
£735K02/210.7 mi20, Rodman Close, Birmingham, West Midlands B15 3PE4
£480K06/230.7 mi40, Manor Road North, Birmingham, West Midlands B16 9JS4
£600K01/230.71 mi32, Oak Hill Drive, Birmingham, West Midlands B15 3UG4
£620K01/210.71 mi20, Augustus Road, Edgbaston, Birmingham, West Midlands B15 3PD4
£750K08/220.72 mi28, Anstruther Road, Birmingham, West Midlands B15 3NW4
£705K02/230.76 mi2, Phoenix Green, Birmingham, West Midlands B15 3NR4
£225K01/230.78 mi238, Dudley Road, Birmingham, West Midlands B18 4HN4
£840K03/210.78 mi8, Don Close, Birmingham, West Midlands B15 3PN4
£555K02/220.8 mi17, Melville Road, Birmingham, West Midlands B16 9LN4
£310K01/220.8 mi126, Stanmore Road, Birmingham, West Midlands B16 0SX4
£385K12/200.8 mi1, Melville Road, Birmingham, West Midlands B16 9LN4
£785K10/200.82 mi29, Augustus Road, Edgbaston, Birmingham, West Midlands B15 3PQ4
£222K06/220.82 mi17, Twyning Road, Edgbaston, Birmingham, West Midlands B16 0HJ4
£786K04/210.83 mi14, Antringham Gardens, Birmingham, West Midlands B15 3QL4
£310K07/210.84 mi20, Ravenshaw Road, Birmingham, West Midlands B16 0TE4
£321.5K06/230.84 mi18, Ravenshaw Road, Birmingham, West Midlands B16 0TE4
£270K12/220.84 mi34, Cavendish Road, Birmingham, West Midlands B16 0HZ4
£445K11/210.86 mi45, Stanmore Road, Birmingham, West Midlands B16 9SU4

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.32 miles away

Nearest school

0.20 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £295,000

April 5, 2025

Floor Plans

Description

  • Fantastic Investment Opportunity +
  • Currently let as a HMO +
  • End-Terrace House +
  • Four Bedrooms +
  • Two Bathrooms +
  • UPVC Double Glazed +
  • Gas Central Heating +
  • EPC Rating: E +
  • Council Tax Band: C +
  • Sold with No Upward Chain +

DESCRIPTION This four-bedroom, two-bathroom end-of-terrace property on Harold Road, Edgbaston - a fantastic investment opportunity ideal for HMO (House in Multiple Occupation) use. Boasting over 1000 square feet of living space, this property offers ample room for comfortable living, making it perfect for a high-yield rental investment. 

LOCATION Harold Road is located just off Reservoir Road, on the cusp of Birmingham City Centre, with Brindley Place and the Jewellery Quarter both within walking distance.
Edgbaston Reservoir itself practically on the doorstep of the property and provides a peaceful backdrop, with leisure activities such as Park Run, Edgbaston Rowing Club, and Midlands Sailing Club.

In the sought-after area of Edgbaston, Harold Road offers excellent transport links to Birmingham city centre, local amenities, and universities, making it an ideal spot for prospective tenants. The property is well-suited for conversion into a licensed HMO, with the potential to generate strong rental returns. 

JAMES LAURENCE ESTATE AGENTS Agents Note: We have not tested any of the electrical, central heating or sanitary ware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate. All material information stated below has been provided by our client, but we would request all information to be verified by the purchaser's chosen solicitor.

Fixtures and Fittings: All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.

Tenure: Freehold
Services: All mains' services are connected to the property.
Local Authority: Birmingham City Council
Council Tax Band: A

To complete our comprehensive service, James Laurence Estate Agents is pleased to offer the following:-
Free Valuation: Please contact the office on to make an appointment.
Residential Lettings and Management: If you are interested in letting out your property or are considering renting a property, please contact our office to find out further information.
Conveyancing: Very competitively priced rates agreed with our panel of local experienced and respected Solicitors. Please contact this office for further details.
Financial Services: James Laurence Estate Agents work with an independent Mortgage Service offering face to face mortgage advice to suit your needs. Please contact the office on to make a free appointment.

Further Material Information:

Part A

Council Tax / Domestic Rates: C
Asking price: £295,000
Tenure*: Freehold

Part B

Property type: Apartment
Property construction: End-Terrace House
Number and types of room: Four Bedrooms
Electricity supply: Mains
Water supply: Mains
Sewerage: Mains
Heating: Gas
Broadband: We recommend you complete your own investigation
Mobile signal/coverage: We recommend you complete your own investigation
Parking: On-Road

Part C

Building safety: We recommend you complete your own investigation
Restrictions: N/a
Rights and easements: N/a
Flood risk: N/a.
Coastal erosion risk: N/a.
Planning permission:
Accessibility/adaptations: N/a.
Coalfield or mining area: N/a.
Energy Performance Certificate (EPC)**: E

Agent Details

James Laurence Estate Agents, Edgbaston

0121 387 6586

Next Steps?

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