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Ashtree Road, Pelsall. WS3 4LR

West Midlands

£240,000
Listed on 02/04/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1001 sqft

Description

This three-bedroom residence, located in the sought-after area near the center of Pelsall, presents a unique opportunity for those looking to invest in a property with considerable renovation potential. The home requires refurbishment, allowing for customization according to personal taste and modern living standards. In addition to the main house, this property includes a parcel of land adjacent to it that has been granted planning permission for the construction of a three-bedroom end-terrace home. This further enhances its investment appeal, providing not only a project for homeowners but also an opportunity for developers looking to maximize their return. Inside, the layout features a lounge and dining room bathed in natural light through multiple windows, creating a welcoming atmosphere. The kitchen is spacious and open-plan, with ample room for improvement and modernization. The bathroom and living spaces are functional yet present opportunities for upgrades that could significantly increase the property's value. The first floor accommodates three bedrooms, each offering various views and natural light. With creativity and investment in renovations, this space can become an inviting family home or rental property with strong market demand due to its prime location. The surrounding area boasts convenient amenities and community features beneficial for families and professionals alike. This combination of renovation needs and growth potential makes this property an intriguing prospect for anyone looking to enter the housing market or expand their investment portfolio. The freehold status adds additional appeal, ensuring long-term ownership without restrictions often associated with leasehold properties. Overall, this home represents an excellent chance to realize significant value through strategic improvements while leveraging its favorable location in Pelsall. Viewing is available by appointment to explore what this property can offer you.

Investment Analysis

(WS3 area)

Below Market Value

This property is priced -0.5% below area average per sq ft

-0.5%
Potential saving
This Property
£240/sq ft
Area Average
£241/sq ft
Avg Rent (weekly)
£216
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£265,310
10% above area average per sq ft
Potential ROI
-8.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (WS3)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 10.3%
5 year growth: 37.8%
Investment Disclaimer: Analysis based on WS3 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

Ashtree Road, Pelsall. WS3 4LR
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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
£879
Based on a loan of £180,000 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