3-bedroom terraced house · B29 6UQ
Listing removedReduced £50 (−3.3%) on 19 JunListed 146 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
****AVAILABLE IMMEDIATELY***Innovate Estate Agents are proud to offer this beautiful new home located on the desirable Oaks Development, Selly Oak.
This 3 bedroom family home is approached via a paved pathway alongside off road parking for one car.
Leading to the front entrance and entrance hallway, further leading to a good sized lounge, ground floor W/C, newly fitted Kitchen with dining area and patio doors leading to the rear garden.
The bathroom is located on the first floor along side bedrooms one and two, the third bedroom is located on the second floor and is deceivingly spacious!
This property benefits from double glazing and gas central heating.
The property is located nearby to The Queen Elizabeth Hospital, University of Birmingham, Sainsburys superstore alongside Retail park and Selly Oak train station.
*DOCUMENTS REQUIRED FOR ALL TENANTS APPLYING: - 3 months bank statements - 3 months wage slips - A form of photographic ID - Completed application form* At Innovate Estate Agents, we strictly do not discriminate against any application, on any grounds.
However, some landlords may have stipulations in their mortgage conditions or insurance policies that they must only accept tenants who are in full time employment.
Therefore, Innovate cannot accept any responsibility for rejecting any tenants seeking benefits.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Heroes Drive, Selly Oak
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