Luton Road, Birmingham, B29

West Midlands

£435,000

Listed on 09/10/2025

Property Details

Bedrooms

Type

Terraced house

Area

1378 sqft

Description

This expansive seven-bedroom, two-bathroom property presents a valuable opportunity for investors looking to capitalize on the student market in Selly Oak, a vibrant neighbourhood close to the University of Birmingham. Ideal for those seeking to maximize rental income, this property boasts strong potential for enhancement and increased yield through thoughtful renovations. Located within walking distance of both campus and local amenities, it is well-positioned to attract high demand from tenants. The possibility for further development, subject to planning permission, could unlock additional value. This freehold property is an exciting prospect in a competitive rental area.

Investment Analysis

(B29 area)

Above Market Value

This property is priced +3.9% above area average per sq ft

+3.9%

This Property

£316/sq ft

Area Average

£304/sq ft

Avg Rent (weekly)

£335

Avg Yield

5.8%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£50,000 - £75,000

Target Value

£460,727

10% above area average per sq ft

Potential ROI

-9.7%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

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

Luton Road, Birmingham, B29

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments

£1,594

Based on a loan of £326,250 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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Next Steps

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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

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