Connells says ..
***UNDER OFFER*** A DETACHED PROPERTY OCCUPYING A CORNER PLOT. IN NEED OF COMPLETE RENOVATION. LARGE PLOT WITH DETACHED GARAGE TO SIDE & GOOD SIZE FRONTAGE. AVAILABLE WITH NO CHAIN.
Property Oracle says ..
This property at Pedmore Road, Lye, Stourbridge, presents a unique opportunity, but only for a buyer with significant experience of property renovation and a tolerance for considerable work. The property itself is a two-bedroom, one-bathroom house with a modest plot size. Its key advantage is its location; Lye offers relatively easy access to transport links and local schools. However, the property is in extremely poor condition. Images reveal extensive water damage, dampness, and general disrepair throughout. Walls, ceilings, flooring, and fixtures all need complete overhaul, and there are areas that may require significant structural repair. The garden also requires landscaping. While the list price may seem reasonable based on location, it is important to factor the substantial cost of complete renovation into the total acquisition cost. Potential buyers should conduct thorough surveys to evaluate the extent of necessary work and assess its feasibility given the list price. In short, while this might be a worthwhile project for a skilled renovator willing to invest heavily in repairs, it poses a high-risk investment with major uncertainty. Therefore, proceeding cautiously with significant due diligence is essential.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 2
- Location
- 6
- Land
- 4
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 1,000.00
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
- 226,999.00 £Decreased by 3.13 %
- Est sale value
- 236,000.00 £Decreased by 15.11 %
- Average area rental value
- 888.00 £/moIncreased by 2.90 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 4.69 %Increased by 6.11 %
- Crime Rate
- 18.00 %Unchanged by 0.00 %
Agent Activity
Connells marked this listing as sold.
Connells created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Butterfly Children'S Centre | Children's Centre | 0.58 KM | |
| Rufford Primary School | Academy Converter | 0.95 KM | |
| The Old Park School | Community Special School | Outstanding | 1.03 KM |
| The Pedmore High School | Academy Converter | 1.19 KM | |
| Thorns Collegiate Academy | Academy Sponsor Led | 1.22 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| The Glade | £ 0 | 0 | 0.00 KM |
| Lye By-Pass | £ 0 | 0 | 0.00 KM |
| Church Road | £ 173,750 | 0 | 0.00 KM |
| Love Lane | £ 0 | 0 | 0.00 KM |
| Cross Walks | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lye (West Midlands) | 4640 | LYE | 0.42 KM |
| Stourbridge Junction | 4646 | SBJ | 2.02 KM |
| Stourbridge Town | 4643 | SBT | 2.61 KM |
| Cradley Heath | 4639 | CRA | 3.38 KM |
| Hagley | 4577 | HAG | 4.94 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Pedmore Road, Stourbridge, West Midlands, DY9 | £ 180,000 | BUY | 6 / 10 | 0.05 KM |
| Pedmore Road, Stourbridge, DY9 | £ 325,000 | BUY | 6 / 10 | 0.09 KM |
| Pedmore Road, Stourbridge | £ 150,000 | BUY | 7 / 10 | 0.10 KM |
| Morvale Gardens, Stourbridge, DY9 | £ 100,000 | BUY | Unknown | 0.18 KM |
| High Street, Lye, Stourbridge, DY9 | £ 55,000 | BUY | Unknown | 0.18 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 The Glade | £ 103,000 | 0.04 KM |
| 94 Pedmore Road | £ 110,000 | 0.10 KM |
| 92 Pedmore Road | £ 91,000 | 0.11 KM |
| 109 Pedmore Road | £ 97,000 | 0.11 KM |
| Lyndon Lea | £ 37,950 | 0.12 KM |