Gravelly Hill North, Erdington
James Laurence Sales and Lettings logo

Gravelly Hill North, Erdington

By James Laurence Sales and Lettings

£ 690,000

Reviews

3 out of 5 stars

James Laurence Sales and Lettings says ..

Located on Gravelly Hill North, this prime investment opportunity comprises six self contained apartments which are let out at full occupancy, with off-street parking for six cars to the front, and a large garden to the rear. This property provides instant income to it's next owner, generating a ...

Property Oracle says ..

This property in Gravelly Hill North, Erdington, Birmingham is a substantial eight-bedroom, six-bathroom house currently listed for £690,000. The description indicates it’s configured as six self-contained apartments, suggesting a potential investment opportunity for rental income. The images reveal a property that is both spacious and shows some signs of age. Some rooms appear in need of updating and modernizing, particularly in the kitchen and bathroom spaces. However, others are adequately maintained and quite large. The exterior showcases a considerable garden area, offering some outside space. The property’s location near Gravelly Hill station is a plus, facilitating good transport links. There are also several schools conveniently located nearby. Given the size of the property, the number of units within, and the location, the asking price is relatively reasonable. However, the prospective buyer should factor in potential costs for refurbishment or updating to increase the property’s market value and appeal. The overall value proposition depends on the buyer’s objectives, whether it’s for a multi-family dwelling, investment purposes, or renovation into a large family home. Further investigation into rental yields, similar property sales in the area, and a professional survey are vital steps before a final purchasing decision.

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
5
Location
7
Land
6
Bedrooms
8
Bathrooms
6
Sqft (est)
4,387.37

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
223,571.00 £
Increased by 0.90 %
from 221,569.00 £
Est sale value
1,636,489.01 £
Increased by 36.13 %
from 1,202,139.38 £
Average area rental value
1,011.00 £/mo
Increased by 21.51 %
from 832.00 £/mo
Est letting value
4,387.37 £/mo
Unchanged by 0.00 %
from 4,387.37 £/mo
Est rental Yield
5.43 %
Increased by 20.40 %
from 4.51 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • James Laurence Sales and Lettings created the listing.

Nearby Schools

NameTypeOfstedDistance
St Mary And St John Junior And Infant SchoolAcademy Sponsor Led0.08 KM
Featherstone Children'S CentreChildren's Centre0.69 KM
Featherstone Nursery SchoolLocal Authority Nursery SchoolGood0.69 KM
Flexible Learning SchoolOther Independent SchoolGood0.75 KM
Slade Primary SchoolAcademy Sponsor LedGood0.94 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Tudor Gardens £ 262,50000.00 KM
Rosedale Avenue £ 000.00 KM
Compton Road £ 130,00000.00 KM
Springfield £ 200,00000.00 KM
Cecil Road £ 305,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Gravelly Hill1132GVH0.33 KM
Erdington1041ERD1.75 KM
Aston1004AST2.79 KM
Chester Road1130CRD2.88 KM
Adderley Park1036ADD3.77 KM

Nearby Listings

AddressPriceTypeScoreDistance
Gravelly Hill North, Erdington £ 690,000BUY6 / 100.00 KM
Knights Close, Birmingham £ 117,950BUY6 / 100.10 KM
Gravelly Hill North, Erdington, Birmingham £ 100,000BUY6 / 100.12 KM
Hunton Road, Birmingham £ 405,000BUY6 / 100.25 KM
Wheelwright Road, Birmingham £ 120,000BUYUnknown0.28 KM

Nearby Properties

AddressPriceDistance
39 Gravelly Hill North £ 115,0000.00 KM
41 Gravelly Hill North £ 68,0000.01 KM
46 Knights Close £ 83,0000.10 KM
23 Knights Close £ 52,0000.10 KM
68 Knights Close £ 47,5000.10 KM