Holywell Lane, Rednal, Birmingham
OA

Holywell Lane, Rednal, Birmingham

By Oakmans Estate Agents

£ 400,000

Reviews

3 out of 5 stars

Oakmans Estate Agents says ..

*** Offered as a HMO Property Or Residential Home** A fantastic opportunity to purchase a spacious property which is currently being used as a HMO property. The property is being marketed either to investors wishing to take on an exciting rental opportunity or to buyers looking for a res...

Property Oracle says ..

This seven-bedroom property located in Rednal, Birmingham, presents itself as a potentially attractive proposition. Its multiple bedrooms make it suitable for a large family or as a rental property, especially as it’s currently being marketed as a potential HMO (House of Multiple Occupancy). The existence of a garden is a positive attribute, increasing livability and outdoor space. However, the images reveal a property that appears somewhat dated, primarily in the kitchen and bathrooms. These areas would likely benefit from modernisation to improve both functionality and aesthetics. The price point of £400,000 appears moderately competitive, given its size and location, although a precise evaluation of value for money would need accurate square footage information for comparable nearby properties to confirm. Potential buyers should carefully assess the required refurbishment costs against the overall purchase price. The Ofsted reports available for nearby schools indicate variable educational standards, which prospective families with children should consider. The proximity to train stations, while not within immediate walking distance, enhances the property’s accessibility for commuting purposes.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
Bedrooms
7
Bathrooms
5
Sqft (est)
2,163.55

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
235,000.00 £
Decreased by 26.06 %
from 317,813.00 £
Est sale value
454,345.50 £
Decreased by 18.92 %
from 560,359.45 £
Average area rental value
1,450.00 £/mo
Increased by 70.99 %
from 848.00 £/mo
Est letting value
2,163.55 £/mo
from 0.00 £/mo
Est rental Yield
7.40 %
Increased by 131.25 %
from 3.20 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Oakmans Estate Agents marked this listing as sold.

  • Oakmans Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Waseley Hills High SchoolAcademy ConverterRequires improvement0.16 KM
Holywell Primary And Nursery SchoolCommunity SchoolRequires improvement0.43 KM
Beaconside Primary And Nursery SchoolCommunity SchoolGood0.83 KM
Reaside AcademyAcademy Sponsor LedGood1.42 KM
St James Catholic Primary SchoolAcademy Converter2.10 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Bowes Road £ 000.00 KM
Barrington Road £ 235,00000.00 KM
Bowes Road £ 000.00 KM
Richmond Road £ 309,50000.00 KM
Barrington Road £ 211,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Barnt Green1096BTG5.31 KM
Longbridge1110LOB5.51 KM
Northfield1111NFD7.45 KM
Bromsgrove4715BMV7.76 KM
Alvechurch1198ALV8.51 KM

Nearby Listings

AddressPriceTypeScoreDistance
Holywell Lane, Rednal, Birmingham, West Midlands, B45 £ 400,000BUY6 / 100.09 KM
School Road, Rubery, Rednal, Birmingham, B45 £ 325,000BUY6 / 100.11 KM
Gunner Lane, Rednal, B45 £ 335,000BUY7 / 100.26 KM
Plot 16, Lot 1, Gunner Lane, Rubery, Rednal, Birmingham, West Midlands, B45 9EP £ 100BUY6 / 100.26 KM
Gannow Road, Rednal, B45 £ 400,000BUY6 / 100.28 KM

Nearby Properties

AddressPriceDistance
30 Holywell Lane £ 280,0000.08 KM
20 Holywell Lane £ 190,0000.08 KM
7 Holywell Lane £ 262,5000.08 KM
15 Holywell Lane £ 115,0000.08 KM
3 Holywell Lane £ 165,0000.08 KM