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Heeley Road, Selly Oak

West Midlands

£375,000
Listed on 11/08/2025

Property Details

Bedrooms
5
Type
Terraced house
Area
782 sqft

Description

This spacious 5-bedroom, 2-bathroom property presents a compelling opportunity for renovation-minded investors in the desirable Selly Oak area of Birmingham. Nestled within a vibrant community known for its appeal to both students and professionals, this home is conveniently situated near the University of Birmingham and is well-connected by public transport, ensuring consistent demand from potential tenants. Currently tenanted until summer 2026, the property guarantees immediate rental income, providing a solid foundation for those looking to secure long-term returns. Its established rental history reflects strong performance in the local market, bolstered by a variety of nearby amenities that cater to residents’ daily needs. What truly distinguishes this property is its significant renovation potential. With ample space and a layout that invites reconfiguration or modernization (subject to planning approval), there are numerous possibilities to enhance its value or adapt it to meet specific investment goals. Key features include five well-sized bedrooms, two bathrooms, and an advantageous location that caters to high demand among young professionals and students alike. This property stands as a strategic asset in Selly Oak, offering substantial upside for both seasoned investors and newcomers seeking to capitalize on the area's growth. Viewing is encouraged for those interested in fully exploring the renovation opportunities that await this promising investment prospect.

Investment Analysis

(B29 area)

Above Market Value

This property is priced +57.8% above area average per sq ft

+57.8%
This Property
£480/sq ft
Area Average
£304/sq ft
Avg Rent (weekly)
£335
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£261,458
10% above area average per sq ft
Potential ROI
-37.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (B29)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 5.6%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on B29 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Heeley Road, Selly Oak
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,374
Based on a loan of £281,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE