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Raconor, Weeford Road, Sutton Coldfield, B75 5RF - Image 1
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Raconor, Weeford Road, Sutton Coldfield, B75 5RF - Image 3
Raconor, Weeford Road, Sutton Coldfield, B75 5RF - Image 4
Raconor, Weeford Road, Sutton Coldfield, B75 5RF - Image 5

Raconor, Weeford Road, Sutton Coldfield, B75 5RF

West Midlands

£850,000
Listed on 28/01/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1689 sqft

Description

This spacious bungalow presents a unique opportunity for renovation or investment, with existing permissions under permitted development rights to transform it into a two-storey dwelling of approximately 1,700 square feet (Planning Document 2022/08305/PA). In addition to its living space, the property boasts a generous single-storey outbuilding measuring around 850 square feet. This versatile structure can be adapted for various uses, including a home office or gym, providing additional flexibility for potential buyers. Set on nearly 1.9 acres of land, this property features several barns and outbuildings that total approximately 5,000 square feet. These spaces could be repurposed for multiple applications—ranging from equestrian facilities to storage options—subject to obtaining the necessary planning approvals. The rural ambiance enhances the appeal of this location, situated on the outskirts of Four Oaks and offering picturesque views across open fields both at the front and rear. Weeford Road is recognized as a desirable residential area with local shops and a farm shop just a short stroll away. Mere Green Centre is only a brief drive from the property, presenting a broader selection of shopping options and dining experiences. Commuters will appreciate the convenient access to major roadways such as the A38 and M42, along with nearby train services connecting to Birmingham and Lichfield. With its combination of land, outbuildings, and potential for expansion or redevelopment, this property represents an attractive prospect for those looking to invest in a future project or create their ideal home in a serene setting.

Investment Analysis

(B75 area)

Above Market Value

This property is priced +42.0% above area average per sq ft

+42.0%
This Property
£503/sq ft
Area Average
£354/sq ft
Avg Rent (weekly)
£336
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £120,000
Target Value
£658,533
10% above area average per sq ft
Potential ROI
-32.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (B75)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 2.8%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on B75 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

Raconor, Weeford Road, Sutton Coldfield, B75 5RF
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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
£3,114
Based on a loan of £637,500 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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