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Woodland Close, Drakes Broughton

West Midlands

£315,000
Listed on 21/01/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1001 sqft

Description

This three-bedroom link-detached bungalow offers significant renovation opportunities, perfectly situated on a corner plot in the desirable village of Drakes Broughton. The property is conveniently close to local amenities, including shops, schools, public houses, and community facilities such as the village hall and recreational areas. Upon entering, you’re greeted by an entrance hall that provides access to various rooms and features a storage cupboard and loft access. The spacious living/dining room boasts dual-aspect windows that allow plenty of natural light to flow in. This area could be transformed into an open-concept space for modern living with some thoughtful updates. The kitchen, featuring practical wall and base units along with a pantry, presents an opportunity for enhancement. With existing plumbing for appliances and a door leading to the carport, it can easily accommodate a more contemporary design or layout that suits your cooking needs. This bungalow comprises three well-sized bedrooms plus a versatile office space which could serve as a fourth bedroom. Each room includes double-glazed windows and radiators; however, upgrading these spaces could significantly enhance comfort and appeal. The shower room provides essential facilities with potential for modernization to create a more stylish retreat. The outdoor space includes a laid-to-lawn garden with a patio area ideal for relaxation or entertaining. A side gate leads to additional driveway space at the rear, suitable for parking vehicles or accommodating larger vehicles like campers or caravans. With off-street parking available at the front—enough space for three vehicles—and gated access leading to the carport, this property not only offers practicality but also underscored investment potential through future renovations. Positioned in the community-oriented village of Drakes Broughton, this bungalow presents an excellent opportunity for those looking to invest in property with growth potential while enjoying the charm of village life.

Investment Analysis

(WR10 area)

Below Market Value

This property is priced -5.5% below area average per sq ft

-5.5%
Potential saving
This Property
£315/sq ft
Area Average
£333/sq ft
Avg Rent (weekly)
£261
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£31,500 - £78,750
10-25% of property value
Target Value
£366,556
10% above area average per sq ft
Potential ROI
-6.9%
After renovation
Monthly Sales
13
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (WR10)

Area prices are rising by +6.2% over the last 12 months
3 year growth: 3.9%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on WR10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Woodland Close, Drakes Broughton
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