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Heeley Road, Selly Oak, West Midlands, B29 - Image 1
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Heeley Road, Selly Oak, West Midlands, B29

West Midlands

£390,000

Listed on 11/09/2026

The listing

Property details

Bedrooms
6
Type
House

Description

This six-bedroom HMO on Heeley Road in Selly Oak presents a compelling investment opportunity. Currently fully tenanted, the property generates a rental income of £2,476.80 per calendar month, excluding bills. It comes fully furnished, making it an attractive addition for investors looking to expand their portfolio. A standout feature is the private driveway, offering off-road parking, which is a rare benefit in this area. The accommodation includes six spacious bedrooms, two bathrooms, and an additional ground floor WC, complemented by communal living and kitchen facilities. While the property is already yielding a healthy rental income, there is significant scope for internal improvements and modernisation. This potential allows the new owner to enhance the property’s overall specification, improve tenant appeal, and potentially increase future rental performance. Situated in a well-established rental market, this property is ideal for both seasoned HMO landlords and investors seeking to grow their portfolios in a popular location.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

33out of 100
Grade ELow opportunity

Confidence: LOW

This six-bedroom HMO in Selly Oak presents an interesting opportunity for investors looking to expand their portfolio. Currently generating a solid rental income of £2,476.80 per month, the property is fully tenanted and comes fully furnished, making it a ready-made addition for those seeking immediate cash flow.

While the asking price of £390,000 may seem steep compared to local averages, the potential for internal improvements and modernisation could enhance both tenant appeal and future rental performance. The property features a modern kitchen and two functional bathrooms, along with the added benefit of a private driveway, which is a rare commodity in the area. Although the price/value component is limited due to the absence of usable floor area, the overall fundamentals and location remain strong, making it a worthy consideration for the right buyer.

Key opportunities

  • Scope for internal improvements and modernisation to increase rental value.
  • Private driveway providing essential off-road parking for tenants.
  • Fully tenanted with a solid rental income, making it an attractive investment from day one.

Key risks

None recorded.

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Map

Location

Heeley Road, Selly Oak, West Midlands, B29
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,473
Based on a loan of £292,500 over 30 years at 4.45% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Services

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