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 %
- Est sale value
- 473,182.50 £Increased by 30.11 %
- Average area rental value
- 1,169.00 £/moDecreased by 2.83 %
- Est letting value
- 1,351.95 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.95 %Decreased by 24.33 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Dixons created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Water Mill Primary School | Community School | Requires improvement | 0.07 KM |
| Cherry Oak School | Community Special School | Requires improvement | 0.72 KM |
| St Mary'S Church Of England Primary School | Voluntary Aided School | Good | 0.79 KM |
| The University Of Birmingham School | Free Schools | Good | 0.98 KM |
| Fircroft College Of Adult Education | Further Education | Good | 1.34 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Herons Way | £ 0 | 0 | 0.00 KM |
| Harborne Lane | £ 0 | 0 | 0.00 KM |
| Millfarm Road | £ 287,475 | 0 | 0.00 KM |
| Chapel Lane | £ 0 | 0 | 0.00 KM |
| Yewdale | £ 214,500 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Selly Oak | 1105 | SLY | 1.33 KM |
| University (Birmingham) | 4504 | UNI | 1.37 KM |
| Bournville | 1112 | BRV | 3.07 KM |
| Kings Norton | 1109 | KNN | 3.81 KM |
| Northfield | 1111 | NFD | 4.58 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Reservoir Road, Selly Oak, Birmingham, West Midlands, B29 | £ 550,000 | BUY | 6 / 10 | 0.00 KM |
| Reservoir Road, Selly Oak, B29 6TF | £ 130,000 | BUY | Unknown | 0.01 KM |
| Reservoir Road, Selly Oak, Birmingham, B29 | £ 250,000 | BUY | 6 / 10 | 0.01 KM |
| Reservoir Road, Selly Oak, Birmingham, B29 | £ 130,000 | BUY | Unknown | 0.01 KM |
| Reservoir Road, Selly Oak, Birmingham, West Midlands, B29 | £ 220,000 | BUY | 6 / 10 | 0.01 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 54 Reservoir Road | £ 184,000 | 0.00 KM |
| 18 Reservoir Road | £ 111,000 | 0.00 KM |
| 122 Reservoir Road | £ 75,000 | 0.00 KM |
| 76 Reservoir Road | £ 145,000 | 0.00 KM |
| 64 Reservoir Road | £ 67,500 | 0.00 KM |