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Doverdale Close, Woodrow North, Redditch - Image 1
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Doverdale Close, Woodrow North, Redditch - Image 5

Doverdale Close, Woodrow North, Redditch

West Midlands

£150,000
Listed on 08/02/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
947 sqft

Description

This three-bedroom mid-terraced house presents a compelling opportunity for first-time buyers or investors with an eye for potential. Located in Woodrow North, the property is conveniently positioned near local amenities including the Alexandra Hospital, various supermarkets, dining options, and reputable schools. The layout encompasses an entrance hallway that leads into a spacious kitchen/diner and a well-proportioned lounge, providing ample living space. The ground floor also features a convenient cloakroom. Upstairs, you'll find two comfortable double bedrooms alongside a good-sized third bedroom equipped with a built-in cupboard. The property's bathroom is functional but could benefit from modern updates. Outside, the rear garden offers privacy and access through a gate, while communal parking ensures convenience for residents and guests alike. This home would greatly benefit from modernization and refurbishment, making it an attractive prospect for those looking to add value or personalize their living space. Noteworthy is that the property is of non-standard construction, believed to be timber-framed. This aspect may present unique renovation challenges but also provides an opportunity to create a distinctive living environment tailored to contemporary tastes. As a freehold property in Council Tax Band A, it offers an appealing financial profile for both homeowners and investors. Given the rental potential of approximately £900 per month in this area, the investment prospects are promising. Interested parties are encouraged to view the property firsthand to explore its possibilities further.

Investment Analysis

(B98 area)

Below Market Value

This property is priced -38.5% below area average per sq ft

-38.5%
Potential saving
This Property
£158/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£15,000 - £37,500
10-25% of property value
Target Value
£268,446
10% above area average per sq ft
Potential ROI
+43.2%
After renovation
Monthly Sales
24
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (B98)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 2.3%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on B98 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

Doverdale Close, Woodrow North, Redditch
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