logo
Six bed HMO in 'highly desirable' Birmingham neighbourhood comes with suggestion to buyers

Six bed HMO in 'highly desirable' Birmingham neighbourhood comes with suggestion to buyers

Yahoo21-06-2025
A six bedroom HMO is set to go under the hammer and comes with one suggestion for potential buyers.
The property, due to go under auction imminently with Bond Wolfe, is in Kings Heath and described by agents as being in "a highly desirable location."
While the property is described as a licensed HMO, Bond Wolfe suggested that it may also be suitable for conversion back into a large family home, which could be good news for parents with children looking for a spacious living space.
READ MORE: 'I was frightened to use heating until I found under-claimed DWP payment'
James Rossiter, senior auction valuer at Bond Wolfe, explained that competitive bidding was expected for the mid-terraced property, as it was very close to Kings Heath high street.
Mr Rossiter said: 'This house stands back from the road with gardens front and back, just a stone's throw away from Kings Heath's high street on the A435 Alcester Road, a highly desirable location.
'The property has been converted into a six-bedroomed HMO that is fully compliant and licensed, with an existing lawful use and development certificate.
'Another plus-point is that the property may also be suitable for conversion back into a large family home, or could have further potential for development to the rear, subject to planning permission.'
Buyers have been advised that the HMO, on Addison Road in Kings Heath, will have a £320,000+ guide price in the livestreamed auction on Thursday July 10.
On the ground floor is a hall, reception room, bedroom, dining kitchen, utility room, bathroom and separate toilet.
There is a landing, three bedrooms and shower room with toilet on the first floor, and another landing and two bedrooms on the second floor.
The property, which is currently vacant, benefits from gas central heating and double glazing.
The Kings Heath property is among scores of lots appearing in Bond Wolfe's next auction which is due to start at 8.30am on Thursday 10 July.
Bond Wolfe said viewings are taking place this June, and you can find more information on its site.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Florida's housing market was once red-hot. Now it's one of the coldest in the country.
Florida's housing market was once red-hot. Now it's one of the coldest in the country.

Yahoo

time27 minutes ago

  • Yahoo

Florida's housing market was once red-hot. Now it's one of the coldest in the country.

The Sun Belt's housing market is cooling as Northern markets heat up, according to Bankrate. Cost of living increases, like home insurance, in Southern states make them less affordable. Some cities in Florida that were the hottest markets two years ago are now some of the coldest. During the pandemic, Southern housing markets — especially Florida's — boomed as record numbers of people moved to the region for its lower cost of living and relatively affordable homes. However, Bankrate's 2025 Housing Heat Index shows that the trend is now reversing. Jeff Ostrowski, Bankrate's housing market analyst, told Business Insider that the Sun Belt has lost its edge as buyer demand fades and home sellers slash prices. "During the pandemic, Northeasterners were fleeing for the Sun Belt, but that trend has slowed and even reversed," Ostrowski said, adding that in the North, "there's just not a lot of inventory, and with limited choices, buyers are bidding up prices." The research team at Bankrate analyzed 212 metros in the US, considering factors such as the year-over-year appreciation of home values — the most heavily weighted factor at 40% — along with employment levels, job growth, population trends, homes listed for sale, and typical selling times. According to Bankrate's index, the Northeast had a strong showing at the top, with three of the top five hottest markets. This is a stark contrast to the 2023 rankings, in which the hottest markets were largely Southern cities. The New Haven-Milford metropolitan area of Connecticut, for example, found its way to the top five in this year's ranking but was ranked 82nd in 2023. On the other end of the spectrum, Florida dominated the coolest markets, taking four of the bottom five spots. Home prices are increasing all over the country, but in Florida, where home insurance and property taxes are increasing as well, homeowners are feeling even more crunched — and prospective homebuyers would rather wait it out instead of buying. According to Bankrate's ranking, the North Port-Sarasota-Bradenton metro in Florida was one of the hottest in the country in 2023, landing in the top five. However, this year, it's in the bottom five. "I visited a number of open houses in that market a few months ago, and I saw a lot of lonely listing agents sitting in kitchens and waiting for buyers to come through," Ostrowski said. Here are the five hottest and five coldest markets in the US, according to Bankrate. Median home-sale prices are from and population estimates come from the US Census Bureau. The hottest markets in the US 5. York-Hanover, Pennsylvania Population: 471,240 Unemployment overall rank: 79 One-year appreciation rank: 17 Active listings overall rank: 36 Median sale price: $265,650 4. Charleston-North Charleston, South Carolina Population: 869,940 Unemployment overall rank: 51 One-year appreciation rank: 41 Active listings overall rank: 177 Median sale price: $453,413 3. Norwich-New London, Connecticut Population: 282,602 Unemployment overall rank: 57 One-year appreciation rank: 5 Active listings overall rank: 23 Median sale price: $373,667 2. Rockford, Illinois Population: 337,103 Unemployment overall rank: 148 One-year appreciation rank: 2 Active listings overall rank: 6 Median sale price: $160,000 1. New Haven-Milford, Connecticut Population: 576,718 Unemployment overall rank: 91 One-year appreciation rank: 1 Active listings overall rank: 15 Median sale price: $368,333 The coldest markets in the US 5. Naples-Marco Island, Florida Population: 416,233 Unemployment overall rank: 91 One-year appreciation rank: 150 Active listings overall rank: 211 Median sale price: $556,258 4. Shreveport-Bossier City, Louisiana Population: 383,269 Unemployment overall rank: 134 One-year appreciation rank: 210 Active listings overall rank: 158 Median sale price: $175,986 3. North Port-Sarasota-Bradenton, Florida Population: 934,956 Unemployment overall rank: 68 One-year appreciation rank: 211 Active listings overall rank: 208 Median sale price: $413,856 2. Punta Gorda, Florida Population: 212,122 Unemployment overall rank: 165 One-year appreciation rank: 207 Active listings overall rank: 212 Median sale price: $351,083 1. Cape Coral-Fort Myers, Florida Population: 860,959 Unemployment overall rank: 107 One-year appreciation rank: 212 Active listings overall rank: 210 Median sale price: $348,259 Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

‘Million Dollar Listing' star used to sling paninis, but now leads a team closing $15 billion in deals—because someone was ‘stupid enough' to hire him
‘Million Dollar Listing' star used to sling paninis, but now leads a team closing $15 billion in deals—because someone was ‘stupid enough' to hire him

Yahoo

time27 minutes ago

  • Yahoo

‘Million Dollar Listing' star used to sling paninis, but now leads a team closing $15 billion in deals—because someone was ‘stupid enough' to hire him

icon Fredrik Eklund came to NYC with no job, connections, or family help. He started off handing out paninis outside David Letterman's late-night show, earning $15 hourly and one penny per sandwich, before a friend recommended real estate as a career. A boutique agency was 'stupid enough' to hire him with no experience, and the rest is history. Now, his team of around 100 agents has closed more than $15 billion in property deals, and his celebrity clientele includes Sarah Jessica Parker, Jennifer Lopez, Nick Jonas, and John Legend. Fredrik Eklund has made it in U.S. real estate—the Million Dollar Listing New York star has helped close more than $15 billion in sales all across the country. But things looked a lot different just two decades ago when he first moved to the city. Eklund was handing out paninis in front of the Late Show with David Letterman for just $15 an hour before he got a shot at selling luxe apartments. 'This was at a time when New York—and I didn't know it then—was very undervalued,' Eklund tells Fortune. 'And it was about to explode in what I've been focusing on: new developments, and these new beautiful buildings.' 'I was a little bit lucky to happen to fall into it; I got my license at NYU and I got a job from someone stupid enough to hire me with no experience.' Eklund now leads a real estate powerhouse of around 100 agents, the The Eklund|Gomes Team, at luxury firm Douglas Elliman. He leads offices in 10 markets, with celebrity clientele ranging from Jennifer Lopez to Joe Jonas, as he takes over America's real estate scene. Aside from New York, the self-made millionaire also has his eyes set on Miami as a sales ambassador for a $2 billion luxury living project in Bahia Mar, working with real estate titan Jorge M. Pérez's Related Group. But his rise to fame in the industry—and on Bravo—was anything but meteoric. It took years to achieve success after Eklund cleaned his slate and moved from Stockholm to New York City with nothing. No connections, no business, and no clear plan of what he wanted to pursue. 'It was very scary to not really know the city, because I didn't have any context here,' Eklund says. 'Nobody would give me any business, because I didn't know anybody.' From handing out paninis outside David Letterman to helping close $15 billion in real estate Needless to say, Eklund didn't propel straight into a top real estate firm when trying to find his first gig in New York City. 'We were handing out paninis for free for one of those cafe restaurants right outside David Letterman,' Eklund recalls. 'As part of the job, we got a penny a panini. I think we got $15 to $20 an hour, which is not bad. They had some free lunch.' But Eklund was determined to not hand out paninis for life, and then a friend suggested real estate as a potential career path, fitting for Eklund's outgoing persona. Intrigued by the idea, Eklund soon got his real estate license from New York University, and a boutique property agency offered him a role. Six months later, he landed his first client. And it was all thanks to his friend being perceptive on what profession Eklund could stand out in. 'After the paninis thing, I was like, 'What am I actually going to really do?'' Eklund says. 'A friend of mine told me that I would be really good at real estate, because I have this crazy persona—a very large, eccentric, entertaining, and bubbly personality. But I'm also super driven, cutthroat, and very competitive.' Millions of viewers from across the country would soon tune into his competitive edge on Million Dollar Listing New York. Eklund was an original cast member when the Bravo show premiered in 2012, and stayed on for a full decade until his departure in 2022. Ever since, Eklund had been building his own real estate empire, recording $3.77 billion in sales across New York, California, Florida, and Texas in 2023 alone. Notable clientele include Sex and the City icon Sarah Jessica Parker, as well as Hollywood power couple Chrissy Teigen and John Legend. And Eklund says he's proud that he's built his $15 billion empire from the ground-up. 'I didn't have all those contacts, or a sort of easy beginning. Nobody did me a favor, or my dad or mom,' Eklund says. 'I did it all by myself—I put it all on this one thing, and it worked.' A word of caution to aspiring real estate millionaires: Success doesn't come fast While Eklund has two decades of accomplishments under his belt, he has a word of caution for other aspiring real estate agents looking to replicate his success. Becoming well established in the profession takes years to get there, and doubt creeps in along the way. 'I would say it takes five years to really make it,' Eklund warns. 'It's a very difficult industry because it's super, super competitive, so you cannot give up like I almost did. I wanted to give up after two, three years. I was like, 'This is not for me, I'm not doing well enough.'' Being able to tough out the early years can lead to million-dollar closings across New York, Los Angeles, and Miami, but it takes a certain type of person to make the cut. While Eklund says he has the eccentric personality and drive to stand out, there's another part of his persona that's a double-edged sword in the job. It could be the trait that makes or breaks someone in real estate, but he leverages the perceived flaw to his advantage. '[Real estate is] an art and a craft, and the only way to learn is the hard way. You cannot really learn it in school. [You've] gotta be out on the streets, the mean streets,' Eklund explains. 'It takes a long time, and if you're an impulsive and impatient person—which I am, and can make you even more successful at work—it's very easy to kind of find a new hobby or a new thing.' This story was originally featured on

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store