Pedmore Road, Lye, Stourbridge
CO

Pedmore Road, Lye, Stourbridge

By Connells

£ 150,000

Reviews

2 out of 5 stars

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 %
from 234,328.00 £
Est sale value
236,000.00 £
Decreased by 15.11 %
from 278,000.00 £
Average area rental value
888.00 £/mo
Increased by 2.90 %
from 863.00 £/mo
Est letting value
0.00 £/mo
Decreased by 100.00 %
from 1,000.00 £/mo
Est rental Yield
4.69 %
Increased by 6.11 %
from 4.42 %
Crime Rate
18.00 %
Unchanged by 0.00 %
from 18.00 %

Agent Activity

  • Connells marked this listing as sold.

  • Connells created the listing.

Nearby Schools

NameTypeOfstedDistance
Butterfly Children'S CentreChildren's Centre0.58 KM
Rufford Primary SchoolAcademy Converter0.95 KM
The Old Park SchoolCommunity Special SchoolOutstanding1.03 KM
The Pedmore High SchoolAcademy Converter1.19 KM
Thorns Collegiate AcademyAcademy Sponsor Led1.22 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
The Glade £ 000.00 KM
Lye By-Pass £ 000.00 KM
Church Road £ 173,75000.00 KM
Love Lane £ 000.00 KM
Cross Walks £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lye (West Midlands)4640LYE0.42 KM
Stourbridge Junction4646SBJ2.02 KM
Stourbridge Town4643SBT2.61 KM
Cradley Heath4639CRA3.38 KM
Hagley4577HAG4.94 KM

Nearby Listings

AddressPriceTypeScoreDistance
Pedmore Road, Stourbridge, West Midlands, DY9 £ 180,000BUY6 / 100.05 KM
Pedmore Road, Stourbridge, DY9 £ 325,000BUY6 / 100.09 KM
Pedmore Road, Stourbridge £ 150,000BUY7 / 100.10 KM
Morvale Gardens, Stourbridge, DY9 £ 100,000BUYUnknown0.18 KM
High Street, Lye, Stourbridge, DY9 £ 55,000BUYUnknown0.18 KM

Nearby Properties

AddressPriceDistance
5 The Glade £ 103,0000.04 KM
94 Pedmore Road £ 110,0000.10 KM
92 Pedmore Road £ 91,0000.11 KM
109 Pedmore Road £ 97,0000.11 KM
Lyndon Lea £ 37,9500.12 KM