Reservoir Road, Selly Oak, Birmingham, West Midlands, B29
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Reservoir Road, Selly Oak, Birmingham, West Midlands, B29

By Dixons

£ 550,000

Reviews

3 out of 5 stars

Dixons says ..

*** UNIQUE OPPORTUNITY FOR INVESTORS *** This fully refurbished, five bedroom, two bathroom HMO property is finished to an excellent standard & is currently rented out with an annual income of £30,000 There is a generous sized piece of land adjoining the property t...

Property Oracle says ..

This five-bedroom, two-bathroom property located on Reservoir Road in Selly Oak, Birmingham, presents a compelling opportunity, particularly for investors. The property has undergone a full refurbishment, resulting in a modern and well-maintained interior. The kitchen and bathrooms are updated and functional, showcasing a clean and contemporary aesthetic. The bedrooms are adequately sized, although furnishings in the provided images appear basic. The property’s location in Selly Oak offers convenient access to the University of Birmingham, the Queen Elizabeth Hospital, and multiple train stations. Several primary and secondary schools are within a reasonable distance, making it suitable for families. The exterior of the house is a standard brick construction, and although the garden area is modest and needs some attention, the presence of a garden is a desirable feature. The additional adjacent plot of land offers potential for future development or expansion, adding to its overall value. The current rental income of £30,000 per annum demonstrates its potential as an investment property. While a full property valuation is needed to confirm the price, the list price of £550,000 is likely competitive within this area, considering recent sales and the potential rental income. Overall, this property is a good option for those seeking a family home or a profitable investment opportunity in a well-connected Birmingham location, but further investigation of structural integrity and potential repairs is recommended.

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

Price
7
Condition
6
Location
7
Land
4
Bedrooms
5
Bathrooms
2
Sqft (est)
1,351.95

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
355,556.00 £
Increased by 28.46 %
from 276,775.00 £
Est sale value
473,182.50 £
Increased by 30.11 %
from 363,674.55 £
Average area rental value
1,169.00 £/mo
Decreased by 2.83 %
from 1,203.00 £/mo
Est letting value
1,351.95 £/mo
Unchanged by 0.00 %
from 1,351.95 £/mo
Est rental Yield
3.95 %
Decreased by 24.33 %
from 5.22 %
Crime Rate
2.00 %
Unchanged by 0.00 %
from 2.00 %

Agent Activity

  • Dixons created the listing.

Nearby Schools

NameTypeOfstedDistance
Water Mill Primary SchoolCommunity SchoolRequires improvement0.07 KM
Cherry Oak SchoolCommunity Special SchoolRequires improvement0.72 KM
St Mary'S Church Of England Primary SchoolVoluntary Aided SchoolGood0.79 KM
The University Of Birmingham SchoolFree SchoolsGood0.98 KM
Fircroft College Of Adult EducationFurther EducationGood1.34 KM

Images

Front Kitchen Bedroom Kitchen Dining Room Kitchen Bathroom Bathroom Bedroom Bedroom Bedroom Bathroom Land Bedroom Bedroom Bathroom Rear

Nearby Streets

NameAverage PriceAverage SqftDistance
Herons Way £ 000.00 KM
Harborne Lane £ 000.00 KM
Millfarm Road £ 287,47500.00 KM
Chapel Lane £ 000.00 KM
Yewdale £ 214,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Selly Oak1105SLY1.33 KM
University (Birmingham)4504UNI1.37 KM
Bournville1112BRV3.07 KM
Kings Norton1109KNN3.81 KM
Northfield1111NFD4.58 KM

Nearby Listings

AddressPriceTypeScoreDistance
Reservoir Road, Selly Oak, Birmingham, West Midlands, B29 £ 550,000BUY6 / 100.00 KM
Reservoir Road, Selly Oak, B29 6TF £ 130,000BUYUnknown0.01 KM
Reservoir Road, Selly Oak, Birmingham, B29 £ 250,000BUY6 / 100.01 KM
Reservoir Road, Selly Oak, Birmingham, B29 £ 130,000BUYUnknown0.01 KM
Reservoir Road, Selly Oak, Birmingham, West Midlands, B29 £ 220,000BUY6 / 100.01 KM

Nearby Properties

AddressPriceDistance
54 Reservoir Road £ 184,0000.00 KM
18 Reservoir Road £ 111,0000.00 KM
122 Reservoir Road £ 75,0000.00 KM
76 Reservoir Road £ 145,0000.00 KM
64 Reservoir Road £ 67,5000.00 KM