1 bed (for sale) Bristol Road, Selly Oak, Birmingham B29

£550,000
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Oakmans Estate Agents
2 Katie Road, Selly Oak, Birmingham
0121 659 8564
First Published

23rd Jun 2021

Last Published

5th Jul 2021

 

Features

  • Type:
  • Bedrooms: 1
  • Listing status: sale
  • Country: England

Description

A rare opportunity to acquire a commercial property with development opportunity, set in the heart of Selly Oak. Selly Oak is a prime student area with a vast amount of footfall making this an ideal purchase for an investor. The property benefits from a spacious ground floor commercial unit with A3 usage, previously used as a hot food takeaway. The commercial unit is capable of generating GBP24,000 GBP30,500 per annum. The second floor offers a one bedroom mezzanine apartment which is currently let until July 2022 and is currently achieving GBP732 per month. For further information on this fantastic investment opportunity please contact Tom or Laura.

Please be advised that the seller appointed an Architect to carry out the drawings for a proposed future planning permission. Please note that Planning Permission has not been granted and the plans are for information purposes only. Call Oakmans today to arrange your viewing!

 

Local info for B29

 

Property Value Data/Graphs for B29

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Terraced house 27.3% £267,136 3.4 1
Semi-detached house 27.3% £260,202 3.2 0.9
Flat 15.5% £337,418 3.3 0.4
Other 8.7% £273,571 2.9 1.4
Detached house 8.7% £351,207 2.9 0.9
End terrace house 5.6% £241,550 2.4 1
Maisonette 3.1% £115,790 1.6 1
Bungalow 2.5% £314,988 2.5 0.8
Detached bungalow 1.2% £475,000 3 0.5

Area Information

Average Price Paid

£230,595

Sales

2990

Current Average Value

£281,665

Value Change

£51,070 22.1%

 

Current Asking Prices in B29 Average: £281,665

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £81,650 (3) £211,798 (25) £253,582 (77) £365,273 (11) £461,667 (3)
Flats £115,582 (11) £220,500 (16) £125,000 (1) £290,000 (1) -
All £108,311 (14) £215,194 (41) £251,933 (78) £359,000 (12) £461,667 (3)

Nearby Properties

0 bed Land () Broad Street, Edgbaston, Birmingham B15 £18,000,000
0 bed Land () Suttons Drive, Great Barr B43 £7,000,000
0 bed () Moor Street, Brierley Hill DY5 £3,599,999
0 bed () Melvina Road, Birmingham B7 £3,499,999
6 bed () Lady Byron Lane, Knowle, Solihull B93 £3,000,000
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