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38 Milcote Drive, Willenhall, WV13 3QN - Image 1
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38 Milcote Drive, Willenhall, WV13 3QN - Image 3
38 Milcote Drive, Willenhall, WV13 3QN - Image 4
38 Milcote Drive, Willenhall, WV13 3QN - Image 5

38 Milcote Drive, Willenhall, WV13 3QN

West Midlands

£44,000
Listed on 02/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
581 sqft

Description

This vacant detached bungalow presents a unique opportunity for renovation and investment. Set back from the road with a driveway and foregarden, the property is currently configured with two bedrooms, a reception room that includes a dining area, a kitchen, and a bathroom. While it benefits from double glazing and a gas-fired central heating system, it is in need of updating to maximize its potential. The property's layout can be reimagined to suit modern living standards, making it an attractive prospect for those looking to invest in residential development. With the possibility of redevelopment subject to obtaining necessary planning permissions, this site could cater to various future plans, whether for personal use or as an income-generating rental. Located in an area favorable for growth and revitalization, this bungalow's location enhances its appeal. It offers convenient access to local amenities while providing a peaceful setting. The property also features front and rear gardens, which could be transformed into outdoor spaces tailored to contemporary preferences. For prospective buyers interested in seizing this renovation project or exploring its redevelopment possibilities, this bungalow represents an excellent blank canvas. With thoughtful updates and modifications, it could become a highly desirable residence or profitable investment within the local market.

Investment Analysis

(WV13 area)

Below Market Value

This property is priced -64.3% below area average per sq ft

-64.3%
Potential saving
This Property
£76/sq ft
Area Average
£212/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£4,400 - £11,000
10-25% of property value
Target Value
£135,745
10% above area average per sq ft
Potential ROI
+146.8%
After renovation
Monthly Sales
10
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (WV13)

Area prices are rising by +5.3% over the last 12 months
3 year growth: 13.8%
5 year growth: 32.2%
Investment Disclaimer: Analysis based on WV13 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

38 Milcote Drive, Willenhall, WV13 3QN
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