Oak Tree Lane, Selly Oak, West Midlands, B29 6JE - a year ago
Listed for £240,000
March 23, 2023
*GREAT FIRST TIME BUYER OR INVESTMENT OPPORTUNITY – OFFERED WITH NO UPWARD CHAIN*
A three-bedroom two reception semi-detached property located in Selly Oak within walking distance of the University of Birmingham and the Queen Elizabeth Hospital, in need of modernisation. Please note the property has no historical usage of being rented as a HMO.
Upon entry to the property there is an entrance hallway, to the right hand side is the front reception room and to the left is the second reception room. This provides entry to the kitchen and the bathroom which located at the rear of the property. Upstairs there are three ample sized bedrooms.
The garden is accessed via the kitchen or down the side of the property. It’s of a suitable size and provides a secluded private outdoor space. Unlike most properties on the road the property benefits from off road parking.
Public transport links are in abundance with many bus routes available on Oak Tree Lane and Bristol Road (A38) in to the City Centre and beyond, Selly Oak Train Station is within less than half a mile’s walk. Selly Oak is also home to two retail parks providing shops, restaurants and supermarket.
The property is Freehold, is in Council Tax Band B and has an EPC rating of E.
If you have any questions or to arrange a viewing, please call us on !
Population in B29 | 42,519 |
Population in Birmingham | 1,034,821 |
Town centre distance | 3.08 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.25 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +3% |
Sales demand | Balanced market |
Capital growth (5yrs) | +24% |
Cash In | |
Deposit (25%) | £60,000 |
Stamp duty & legals | £8,400 |
Refurb costs | £41,430 |
Total cash in | £109,830 |
| |
Cash Out | |
Monetisation | Rent OutFlip |
Rent range | £368 - £7,033 |
Rent estimate | £1,363 |
Revaluation | £325,280 |
New mortgage | £243,960 |
Cash left in | £48,969 |
Running costs/mo | £1,310 |
Cashflow/mo | £53 |
Cashflow/yr | £636 |
ROI | 1% |
Gross yield | 7% |
50 rents
Rent | Date | Distance | Address | Beds | Type | |
£520 | 03/24 | 0 mi | Oak Tree Lane, Birmingham, B29 | 3 | Flat | |
£520 | 03/24 | 0 mi | Oak Tree Lane, Birmingham, B29 | 3 | Flat | |
£2,001 | 03/24 | 0.02 mi | Oak Tree Lane, Birmingham | 3 | Flat | |
£1,260 | 02/24 | 0.02 mi | Bristol Road, Birmingham | 3 | Flat | |
£1,260 | 02/24 | 0.02 mi | Bristol Road, Birmingham | 3 | Flat | |
£1,260 | 03/24 | 0.02 mi | Bristol Road, Birmingham | 3 | Flat | |
£1,260 | 03/24 | 0.02 mi | Bristol Road, Birmingham | 3 | Flat | |
£1,623 | 02/24 | 0.02 mi | Katie Road, Birmingham | 3 | Flat | |
£1,689 | 02/24 | 0.04 mi | Katie Road, Birmingham | 3 | Flat | |
£1,300 | 05/23 | 0.04 mi | Bristol Road, Birmingham, B5 | 3 | Flat | |
£416 | 01/24 | 0.05 mi | Lottie Road, Selly Oak, B29 6JY | 3 | Flat | |
£1,248 | 10/23 | 0.05 mi | 71 Lottie Road, Selly Oak, Birmingham | 3 | Terraced House | |
£1,311 | 03/24 | 0.06 mi | Boldmere Terrace, Katie Road, Birmingham | 3 | Flat | |
£1,350 | 03/24 | 0.06 mi | Boldmere Terrace, Katie Road, Birmingham, B29 | 3 | Terraced House | |
£1,350 | 03/24 | 0.06 mi | Boldmere Terrace, Katie Road, Birmingham, B29 | 3 | Terraced House | |
£1,350 | 03/24 | 0.06 mi | Boldmere Terrace, Katie Road, Birmingham, B29 | 3 | Terraced House | |
£1,375 | 03/24 | 0.06 mi | Boldmere Terrace, Katie Road, Birmingham, B29 | 3 | Terraced House | |
£1,375 | 03/24 | 0.06 mi | Boldmere Terrace, Katie Road, Birmingham, B29 | 3 | Terraced House | |
£1,170 | 02/24 | 0.07 mi | Lottie Road, Birmingham | 3 | Flat | |
£1,428 | 03/24 | 0.07 mi | Lottie Road, Selly Oak, Birmingham, B29 | 3 | Flat | |
£1,248 | 02/24 | 0.08 mi | Lottie Road, Birmingham | 3 | Flat | |
£1,404 | 01/24 | 0.09 mi | Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,170 | 03/24 | 0.1 mi | Winnie Road, Birmingham | 3 | Flat | |
£459 | 03/24 | 0.11 mi | Winnie Road, Selly Oak, B29 | 3 | Terraced House | |
£1,404 | 12/23 | 0.11 mi | Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,607 | 01/24 | 0.11 mi | £108 PPPW Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,404 | 02/24 | 0.11 mi | £108 PPPW Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,404 | 02/24 | 0.11 mi | £108 PPPW Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,274 | 02/24 | 0.11 mi | £108 PPPW Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,404 | 03/24 | 0.11 mi | £108 PPPW Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,404 | 03/24 | 0.11 mi | £108 PPPW Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,404 | 03/24 | 0.11 mi | £108 PPPW Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,404 | 03/24 | 0.11 mi | £108 PPPW Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£1,404 | 01/24 | 0.11 mi | Winnie Rd, Selly Oak. 12 mins walk to University of Birmingham | 3 | Terraced House | |
£7,033 | 02/24 | 0.11 mi | Rebecca Drive, Birmingham | 3 | Flat | |
£1,494 | 03/24 | 0.11 mi | Rebecca Drive, Birmingham | 3 | Flat | |
£1,182 | 02/24 | 0.11 mi | Winnie Road, Birmingham | 3 | Flat | |
£1,755 | 10/23 | 0.11 mi | Gleave Road, Selly Oak | 3 | Flat | |
£1,755 | 03/24 | 0.12 mi | Winnie Road, Birmingham | 3 | Flat | |
£1,755 | 03/24 | 0.12 mi | Gleave Road, Selly Oak, Birmingham | 3 | Flat | |
£1,755 | 02/24 | 0.12 mi | Gleave Road, Selly Oak, Birmingham | 3 | Flat | |
£1,389 | 02/24 | 0.13 mi | Gleave Road, Selly Oak, Birmingham | 3 | Flat | |
£1,200 | 02/24 | 0.13 mi | - | 3 | Terraced House | |
£1,000 | 02/24 | 0.13 mi | Gleave Road, Selly Oak, Birmingham, B29 | 3 | Terraced House | |
£1,195 | 02/24 | 0.14 mi | Gleave Road, Selly Oak | 3 | Terraced House | |
£438 | 02/24 | 0.14 mi | Gleave Road, Selly Oak | 3 | Terraced House | |
£1,506 | 02/24 | 0.14 mi | Gleave Road, Selly Oak, Birmingham | 3 | Flat | |
£1,506 | 03/24 | 0.14 mi | Gleave Road, Selly Oak, Birmingham | 3 | Flat | |
£368 | 02/24 | 0.14 mi | 7 Winnie Road, Selly Oak, Birmingham, B29 6JU | 3 | Detached House | |
£1,100 | 03/24 | 0.14 mi | Frederick Road, Selly Oak, Birmingham, B29 | 3 | Flat |
Sold prices | £160K - £580K |
Sold prices/m² | £1,946/m² - £5,885/m² |
| |
Square metres | ~104.60 m² |
Price/m² | £2,294/m² |
Value estimate | £242,400 |
| |
End value, after refurb | £325,280 |
Uplift in value | +36% |
50 sold prices
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£256K | 07/23 | 0.11 mi | 33, Winnie Road, Selly Oak, Birmingham, West Midlands B29 6JU | £3,879 | 66 | 3 | Terraced House | |
£260K | 04/23 | 0.11 mi | 40, Frederick Road, Selly Oak, Birmingham, West Midlands B29 6PB | - | - | 3 | Semi-Detached House | |
£248K | 07/21 | 0.11 mi | 20, Frederick Road, Selly Oak, Birmingham, West Midlands B29 6PB | £3,024 | 82 | 3 | Semi-Detached House | |
£330K | 12/22 | 0.11 mi | 22, Frederick Road, Selly Oak, Birmingham, West Midlands B29 6PB | £3,457 | 95 | 3 | Semi-Detached House | |
£260K | 01/23 | 0.11 mi | 11, Frederick Road, Selly Oak, Birmingham, West Midlands B29 6NX | - | - | 3 | Semi-Detached House | |
£300K | 04/21 | 0.17 mi | 29, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HR | £2,970 | 101 | 3 | Semi-Detached House | |
£305K | 04/21 | 0.18 mi | 38, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HP | £3,144 | 97 | 3 | Semi-Detached House | |
£260.5K | 02/21 | 0.18 mi | 22, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HP | £2,832 | 92 | 3 | Semi-Detached House | |
£255K | 11/20 | 0.21 mi | 15, Pegasus Walk, Birmingham, West Midlands B29 6NT | £3,110 | 82 | 3 | Detached House | |
£255K | 11/20 | 0.21 mi | 15, Pegasus Walk, Birmingham, West Midlands B29 6NT | £3,110 | 82 | 3 | Detached House | |
£255K | 11/20 | 0.21 mi | 15, Pegasus Walk, Birmingham, West Midlands B29 6NT | £3,110 | 82 | 3 | Detached House | |
£275K | 02/23 | 0.21 mi | 54, Wellman Croft, Birmingham, West Midlands B29 6NS | - | - | 3 | Semi-Detached House | |
£227.1K | 02/21 | 0.25 mi | 93, Wellman Croft, Birmingham, West Midlands B29 6NS | £2,839 | 80 | 3 | Terraced House | |
£200.5K | 03/21 | 0.26 mi | 22, Rachel Gardens, Birmingham, West Midlands B29 6NY | - | - | 3 | Semi-Detached House | |
£177.5K | 05/21 | 0.26 mi | 52, Fladbury Crescent, Birmingham, West Midlands B29 6PH | £1,946 | 91 | 3 | Terraced House | |
£215K | 07/23 | 0.26 mi | 50, Fladbury Crescent, Birmingham, West Midlands B29 6PH | £2,087 | 103 | 3 | Terraced House | |
£185K | 07/23 | 0.29 mi | 43, Fladbury Crescent, Birmingham, West Midlands B29 6PL | - | - | 3 | Terraced House | |
£160K | 03/21 | 0.29 mi | 17, Fladbury Crescent, Birmingham, West Midlands B29 6PL | £2,581 | 62 | 3 | Terraced House | |
£350K | 02/22 | 0.29 mi | 122, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HT | £3,889 | 90 | 3 | Detached House | |
£265K | 05/21 | 0.29 mi | 105, Lodge Hill Road, Birmingham, West Midlands B29 6NL | £3,354 | 79 | 3 | Semi-Detached House | |
£475K | 09/21 | 0.3 mi | 112, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HT | £2,932 | 162 | 3 | Detached House | |
£333K | 06/20 | 0.3 mi | 120, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HT | £3,918 | 85 | 3 | Detached House | |
£292K | 05/21 | 0.3 mi | 136, Lodge Hill Road, Birmingham, West Midlands B29 6NG | - | - | 3 | Semi-Detached House | |
£280K | 05/23 | 0.3 mi | 90, Lodge Hill Road, Birmingham, West Midlands B29 6NG | - | - | 3 | Semi-Detached House | |
£280K | 05/23 | 0.3 mi | 126, Lodge Hill Road, Birmingham, West Midlands B29 6NG | - | - | 3 | Semi-Detached House | |
£280K | 07/23 | 0.39 mi | 131, Sellywood Road, Birmingham, West Midlands B30 1XA | - | - | 3 | Terraced House | |
£261K | 06/21 | 0.39 mi | 5, Linnet Close, Birmingham, West Midlands B30 1XB | £3,959 | 66 | 3 | Terraced House | |
£305K | 12/19 | 0.39 mi | 22, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HA | £3,631 | 84 | 3 | Terraced House | |
£272K | 06/21 | 0.4 mi | 23, Kingfisher Way, Birmingham, West Midlands B30 1TG | £2,642 | 103 | 3 | Terraced House | |
£320K | 11/19 | 0.4 mi | 76, Kingfisher Way, Birmingham, West Midlands B30 1TG | £3,333 | 96 | 3 | Semi-Detached House | |
£370K | 05/21 | 0.4 mi | 102, Kingfisher Way, Birmingham, West Midlands B30 1TG | £4,157 | 89 | 3 | Detached House | |
£265K | 06/21 | 0.4 mi | 17, Kingfisher Way, Birmingham, West Midlands B30 1TG | £2,624 | 101 | 3 | Terraced House | |
£575K | 05/21 | 0.41 mi | 22, Acacia Road, Bournville, Birmingham, West Midlands B30 2AL | - | - | 3 | Semi-Detached House | |
£500K | 09/23 | 0.42 mi | 19, Acacia Road, Bournville, Birmingham, West Midlands B30 2AG | - | - | 3 | Semi-Detached House | |
£332.5K | 06/21 | 0.42 mi | 143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS | £4,683 | 71 | 3 | Terraced House | |
£530K | 02/22 | 0.43 mi | 152, Sellywood Road, Birmingham, West Midlands B30 1UX | £5,408 | 98 | 3 | Detached House | |
£235.5K | 01/23 | 0.45 mi | 110, Gibbins Road, Birmingham, West Midlands B29 6QP | - | - | 3 | Semi-Detached House | |
£275K | 01/21 | 0.46 mi | 48, Saunton Way, Birmingham, West Midlands B29 6QH | £2,670 | 103 | 3 | Semi-Detached House | |
£285K | 11/19 | 0.46 mi | 46, Saunton Way, Birmingham, West Midlands B29 6QH | £2,714 | 105 | 3 | Detached House | |
£260K | 09/20 | 0.46 mi | 16, Saunton Way, Birmingham, West Midlands B29 6QH | £3,377 | 77 | 3 | Detached House | |
£260K | 06/21 | 0.46 mi | 52, Saunton Way, Birmingham, West Midlands B29 6QH | - | - | 3 | Semi-Detached House | |
£580K | 12/22 | 0.47 mi | 38, Willow Road, Bournville, Birmingham, West Midlands B30 2AS | - | - | 3 | Terraced House | |
£565K | 11/22 | 0.49 mi | 39, Willow Road, Bournville, Birmingham, West Midlands B30 2AT | £5,885 | 96 | 3 | Semi-Detached House | |
£440K | 02/21 | 0.49 mi | 63, Willow Road, Bournville, Birmingham, West Midlands B30 2AT | £4,590 | 96 | 3 | Semi-Detached House | |
£284K | 11/20 | 0.5 mi | 84, Christopher Road, Birmingham, West Midlands B29 6QJ | £3,205 | 89 | 3 | Semi-Detached House | |
£280K | 11/19 | 0.5 mi | 64, Christopher Road, Birmingham, West Midlands B29 6QJ | £2,800 | 100 | 3 | Semi-Detached House | |
£244K | 07/21 | 0.5 mi | 70, Christopher Road, Birmingham, West Midlands B29 6QJ | £2,905 | 84 | 3 | Semi-Detached House | |
£190K | 03/21 | 0.51 mi | 26, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE | £2,000 | 95 | 3 | Terraced House | |
£537K | 11/19 | 0.51 mi | 22, Elm Road, Birmingham, West Midlands B30 2AY | £4,513 | 119 | 3 | Semi-Detached House | |
£250K | 06/21 | 0.52 mi | 173, Sellywood Road, Birmingham, West Midlands B30 1TJ | - | - | 3 | Terraced House |