Rice Chamberlains LLP says ..

Property Oracle says ..

This three-bedroom terraced house on Cannon Hill Road, Birmingham is listed at £300,000. The property benefits from a good-sized rear garden and appears to be in reasonable condition, although some modernisation may be desirable. The location in Balsall Heath West offers proximity to several schools (Jakeman Nursery School, St John And Monica Catholic Primary School, Cannon Hill House, Heath Mount Primary School and Lillian De Lissa Nursery School) and transport links (Five Ways, Birmingham New Street, Birmingham Moor Street, Bordesley and Birmingham Snow Hill train stations). However, the average house price in the area is significantly lower (£170,811), and comparable properties on Cannon Hill Road have sold for considerably less. The lack of plot size data in the listing is a notable omission. Given the average price per sqft in the area is £225, and this property has 958.10 sqft, one might expect the price to be closer to £215,000. The asking price of £300,000 appears high compared to recent sales of similar properties in the immediate vicinity. Additional information regarding the property’s condition and plot size would be helpful in providing a more comprehensive evaluation.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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