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Norton, Worcester, Worcestershire

West Midlands

£495,000
Listed on 12/04/2025

Property Details

Bedrooms
3
Type
Detached house
Area
975 sqft

Description

This property presents a unique opportunity for renovation and investment, set in a highly desirable area just southeast of Worcester city center. The existing structure is a south-facing detached bungalow that requires modernization, offering a solid foundation for those looking to create a contemporary home or rental property. The bungalow features an L-shaped hallway that leads to essential spaces including a sitting room with views of the front garden and a cozy fireplace fitted with a stove. The dual-aspect kitchen comes equipped with fitted units and has an adjoining pantry, while the rear hall offers utility space and access to a separate coal store. There are two double bedrooms alongside a single bedroom and a family bathroom. Outside, the property boasts an enclosed private garden adorned with mature trees and shrubs, providing a serene outdoor space. A gated driveway allows for off-road parking, enhancing the property's functionality. Importantly, it includes adjoining land that has secured Permission in Principle for up to four additional dwellings (W/22/01835/PIP), significantly increasing the investment potential. The total grounds extend to 0.81 acres. Location is another highlight of this property. The surrounding area offers numerous local amenities including St Peters Garden Centre, public houses, churches, and various clubs catering to shooting and croquet enthusiasts. Commuters will appreciate the excellent road links to Junction 7 of the M5 motorway, along with mainline rail services accessible at Worcestershire Parkway train station—both within a five-minute drive. Families will find attractive educational options nearby, including state and private schools such as Nunnery Wood High School with its public sports center, The Royal Grammar School, and The King’s School in Worcester. This property not only invites personal touches through renovation but also holds significant potential for development under existing planning permissions. With careful consideration regarding necessary updates—such as the private drainage system—this could be an excellent venture for investors or those wishing to craft their ideal living space in an advantageous location.

Investment Analysis

(WR5 area)

Above Market Value

This property is priced +64.1% above area average per sq ft

+64.1%
This Property
£508/sq ft
Area Average
£309/sq ft
Avg Rent (weekly)
£240
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£49,500 - £123,750
10-25% of property value
Target Value
£331,832
10% above area average per sq ft
Potential ROI
-46.4%
After renovation
Monthly Sales
31
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (WR5)

Area prices are falling by +3.2% over the last 12 months
3 year growth: 2.2%
5 year growth: 12.2%
Investment Disclaimer: Analysis based on WR5 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

Norton, Worcester, Worcestershire
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