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Lake Street, Dudley

West Midlands

£199,950
Listed on 17/07/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1076 sqft

Description

This traditional three-bedroom semi-detached home presents a noteworthy opportunity for renovation and investment, located just a short stroll from the heart of Lower Gornal Village. The property is surrounded by a rich array of shops, amenities, and reliable public transport links, making it an ideal spot for families, professionals, and investors alike. Situated in a sought-after area known for its highly regarded schools and vibrant community atmosphere, this substantial residence boasts excellent potential for those looking to put their personal touch on it. The surrounding neighborhood offers a balance of urban convenience and natural beauty, with local nature reserves enhancing the appeal of the location. Inside, the home features a front sitting room and a separate lounge, both providing ample space for relaxation and entertaining. A dining room adjoins the fitted kitchen, while upstairs are three bedrooms that can be reimagined to suit various needs. The layout also includes a bathroom with a separate shower, which could benefit from modern upgrades. The generous rear garden is another highlight; encompassing block paving with established borders adorned by mature trees and shrubs offers possibilities for outdoor enhancements or landscaping projects. Furthermore, there’s potential for expansion (subject to planning permissions), making this property even more enticing for those who see its full capacity. With double glazing and central heating already in place, the home is equipped with essential comforts while still allowing ample scope for further modernization. This unique property encourages early viewing to fully appreciate its spaciousness and the opportunities it presents.

Investment Analysis

(DY3 area)

Below Market Value

This property is priced -30.2% below area average per sq ft

-30.2%
Potential saving
This Property
£186/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£225
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£315,193
10% above area average per sq ft
Potential ROI
+31.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DY3)

Area prices are rising by +5.3% over the last 12 months
3 year growth: 7.3%
5 year growth: 31.6%
Investment Disclaimer: Analysis based on DY3 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

Lake Street, Dudley
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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
£732
Based on a loan of £149,962 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