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See how verdicts work9-bed HMO + 5-bed HMO · B29 7DW
For saleReduced £30k (−6.3%) on 7 OctListed 94 days
Opportunity summary
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About
**Key Highlights:** * Prime Selly Oak location * Walking distance to the University of Birmingham * Existing 5-bedroom HMO * Communal lounge and kitchen * Two bathrooms * HMO use for over 10 years * Potential for 8 studio apartments or a 9-bedroom HMO, subject to planning * Neighboring properties converted to 8 and 9-bedroom HMOs * Strong demand for student accommodation * Potential studio rental income of approximately £850–£900 pcm An exciting HMO development opportunity in a highly sought-after location on Harrow Road, Selly Oak, within easy walking distance of the University of Birmingham and the area’s extensive student amenities.
The property is currently arranged as a **5-bedroom HMO** and benefits from a communal lounge, kitchen and two bathrooms.
It has been successfully operated as student accommodation for **in excess of 10 years**, with supporting documentation available upon request.
The property offers significant potential for future development, subject to obtaining the necessary planning consents.
Potential schemes could include the conversion to **8 self-contained studio apartments** or alternatively a **9-bedroom HMO**, providing an exciting opportunity to enhance the property's rental income and investment potential.
The Landlord has submitted an application to convert the property from a 5 Bedroom HMO to 8 studio flats.
The neighboring properties have already been converted into **8-bedroom and 9-bedroom HMOs**, demonstrating the suitability of the location for high-density student accommodation and the potential for further development in the immediate area.
Selly Oak remains one of Birmingham’s strongest student rental markets due to its close proximity to the University of Birmingham, excellent transport links and established student community.
There is consistently strong demand for high-quality student accommodation, with studio apartments in the Selly Oak area achieving approximately **£850–£900 per calendar month**, subject to specification, size and market conditions.
This represents an excellent opportunity for investors, developers and experienced HMO operators seeking a property with an established HMO history, strong student rental demand and significant potential for future development.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 72, Harrow Road
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