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Abbey Road, Redditch, B97

West Midlands

£260,000
Listed on 16/05/2024

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached home presents a solid foundation for those looking to invest in a property with renovation potential. Ideally located near the town center of Redditch, the house is just a short walk from the Kingfisher Shopping Centre and Redditch Train Station, making it a convenient choice for commuters and shoppers alike. While the property is currently in good condition, there is ample opportunity for updates and personal touches that could enhance its value. The layout includes two reception rooms, a modern kitchen, and a family bathroom, along with three bedrooms that offer sufficient space for families or individuals. With some thoughtful renovations, this space can be transformed into a contemporary home aligned with today’s standards. The exterior features a block-paved driveway and covered side storage, leading to a generous rear garden that provides an excellent canvas for landscaping or extension possibilities. This outdoor area not only increases the property’s aesthetic appeal but also adds to its overall functionality. In terms of location, residents will appreciate nearby amenities such as shopping facilities, schools, and leisure options like Arrow Valley Country Park and Abbey Stadium. The accessibility to major roads including the M5 and M42 further enhances this property’s appeal for investment purposes. Overall, this traditional semi-detached house in a desirable residential area represents a valuable opportunity for buyers seeking both comfort and the potential to add their own flair through renovation. Viewing is recommended to fully grasp the opportunities present in this home.

Investment Analysis

(B97 area)
Area Average
£289/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (B97)

Area prices are rising by +3.7% over the last 12 months
3 year growth: 4.7%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on B97 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

Abbey Road, Redditch, B97
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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
£952
Based on a loan of £195,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE