# Studio apartment for sale (B23 6UX)

## Property Details

| Key | Value |
|-----|-------|
| Address | 4 OXFORD ROAD, BIRMINGHAM, ERDINGTON, WEST MIDLANDS B23 6UX |
| Price | £99,000 |
| Bathrooms | 1 |
| Last sold | £200,000 May 2018 |

## Description

Good sized and well positioned studio suite, located in an exiting development of 85 luxury Studio, One and Two bedroom apartments located in the established Birmingham suburb of Erdington, just 5 miles from the city centre. Erdington’s focal point is its bustling High Street, a thriving retail centre with around 280 local businesses providing its 23,000* residents with everything they need. Residents benefit from numerous local leisure facilities including the new Erdington Leisure Centre, which includes a state-of-the-art gym and 25 metre pool. The town is also home to Erdington Abbey and Highclare School, one of the top independent schools in the West Midlands. Further local shopping and leisure destinations including the popular Star City and The Fort Shopping Centre are also within easy reach.

Birmingham has been identified as one of the strongest regional locations for residential investment, with an abundance of regeneration projects alive in all quarters of the city and surrounding areas. 

Location information

Erdington High Street 200m

Erdington Leisure Centre 200m

Erdington Train Station 400m

Train to Birmingham New Street 12 minutes

Train to Birmingham Airport via New Street 19 minutes

Train to London via Birmingham New Street 86 minutes

One bedroom apartments start at £99,950 - a significant discount from current Birmingham city centre prices. Renting a brand-new luxury one bedroom apartment will start from £595pcm, compared to city centre rental prices of £795pcm upwards. Attractive proposition for anyone looking for a city centre style apartment with affordable pricing. Forming part of a wider five acre £20m retail and residential redevelopment and surrounded by a mix of both new and traditional homes.

Leasehold : 125 years

Completion date: Estimated Q4 2019

Estimated Ground Rent : £350 p.a.

Estimated Service Charge : £2 per sqft p.a

These particulars are not intended to form part of any contract. Photographs may depict general images.

## Property Photos

- ![Photo](/listings/photos/53123193/521282)
- ![Photo](/listings/photos/53123193/521283)
- ![Photo](/listings/photos/53123193/521293)
- ![Photo](/listings/photos/53123193/521299)
- ![Photo](/listings/photos/53123193/521306)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 4 OXFORD ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6UX | £200,000 | 11/05/2018 | Semi-detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 160 SOUTH ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6EL | £105,000 | 20/12/2023 | Flat |
| 106 SWAN GARDENS, BIRMINGHAM, WEST MIDLANDS, B23 6QG | £58,000 | 23/11/2023 | Flat |
| [Same street] 16 OXFORD ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6UX | £265,000 | 12/10/2023 | Semi-detached |
| [Same street] 2 OXFORD ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6UX | £210,000 | 03/10/2023 | Semi-detached |
| 10 COTON LANE, BIRMINGHAM, WEST MIDLANDS, B23 6TP | £110,000 | 15/09/2023 | Flat |
| 106 SWAN GARDENS, BIRMINGHAM, WEST MIDLANDS, B23 6QG | £50,000 | 22/08/2023 | Flat |
| 72 SWAN GARDENS, BIRMINGHAM, WEST MIDLANDS, B23 6QG | £103,500 | 20/05/2022 | Flat |
| QUEENS COURT, 310 APARTMENT 1 RESERVOIR ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6DS | £95,000 | 19/05/2022 | Flat |
| 92 SWAN GARDENS, BIRMINGHAM, WEST MIDLANDS, B23 6QG | £115,000 | 05/04/2022 | Flat |
| 18 SWAN GARDENS, BIRMINGHAM, WEST MIDLANDS, B23 6QG | £79,950 | 03/03/2022 | Flat |
| 30 MACHIN ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6DR | £165,000 | 11/02/2022 | Flat |
| 30A MACHIN ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6DR | £165,000 | 21/01/2022 | Flat |
| [Same street] 14 OXFORD ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6UX | £195,000 | 20/09/2021 | Semi-detached |

**Street average:** £223,333 (3 sales)
**Area average:** £104,645 (10 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £103,989 (28 Flat, B23, 2024–2026)
- **Deviation:** -4.8%

## Rental Range

*ONS Price Index of Private Rents (Birmingham). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £979/mo
- **Realistic:** £1,088/mo
- **Optimistic:** £1,197/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Birmingham (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 4 Bed Terraced House, Mason Road, B24 | £498/mo | 4 | 0.39 miles | OpenRent |

**Average rent: £498/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.5% (weak for cashflow)
- **Max investor price (0.8%):** £62,250
- **Target investor price (1%):** £49,800

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £498/mo).*

- **Gross yield:** 6%
- **Cost-to-rent:** 16.6×
- **Monthly cashflow:** £33/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 1.4%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -28%
- **10y growth:** -9.4%

## House Price Index (HM Land Registry)

*Official index for Birmingham; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -3.6%
- **5y growth (index):** 4.6%
- **10y growth (index):** 34.9%

## Flood risk

- **Zone:** 2
- **Risk:** In flood risk area
- **Source:** Environment Agency Flood Risk Areas (APSFR)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)