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Salt Way, Astwood Bank B96

West Midlands

£275,000
Listed on 21/08/2025

Property Details

Bedrooms
2
Type
Detached house
Area
861 sqft

Description

This detached bungalow presents a unique opportunity for renovation in a peaceful rural setting. Situated on approximately 0.37 acres, the property features two bedrooms along with a kitchen/diner and a spacious living room, making it a blank canvas for those looking to modernize or reconfigure the space to suit their needs. Located just outside the village of New End, the bungalow enjoys convenient access to local amenities, including a pub and cricket club. The larger village of Astwood Bank is only two miles away, providing essential services such as primary and secondary schools, healthcare facilities, and various shopping options. Additionally, the historic market town of Alcester lies three miles to the east, adding to the appeal of this location. With approximately 967 square feet of living space, Park Farm Bungalow offers plenty of potential for enhancement. The entrance leads into a hallway from which both the kitchen/breakfast room and a sizable living room can be accessed. French doors in the living area open directly onto the garden, creating an inviting atmosphere for entertaining or relaxing outdoors. The property also includes a utility room that connects to the kitchen and provides access to both the parking area and garden. The two bedrooms feature practical layouts; one is a generously sized double with fitted wardrobes while the other serves well as a single bedroom. A family bathroom equipped with a walk-in shower supports comfortable living arrangements. The outdoor space consists of expansive lawn areas bordered by mature hedges that ensure privacy while offering scenic countryside views to the north. There’s ample off-road parking available as well. It's important to note that this property is subject to an Agricultural Occupancy Condition, limiting residency primarily to individuals engaged in agricultural employment within the locality or their dependents. This condition opens avenues for investment as it may appeal to those looking for agricultural opportunities or rental prospects aligned with these restrictions. Services include mains electricity and gas central heating; however, water is supplied via connection from a neighboring property with plans for installation by the seller. The property utilizes a private septic tank for waste management. Overall, Park Farm Bungalow not only offers immediate residential benefits but also presents considerable potential for investment through thoughtful renovations and strategic use under its current occupancy condition. Interested parties are encouraged to perform due diligence regarding planning matters with Wychavon District Council and explore all possibilities this property has to offer.

Investment Analysis

(B96 area)

Below Market Value

This property is priced -2.8% below area average per sq ft

-2.8%
Potential saving
This Property
£319/sq ft
Area Average
£329/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£311,170
10% above area average per sq ft
Potential ROI
-1.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (B96)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 14.0%
5 year growth: 37.3%
Investment Disclaimer: Analysis based on B96 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Salt Way, Astwood Bank B96
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,007
Based on a loan of £206,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE