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Mill Lane, Lower Stonnall

West Midlands

£345,000
Listed on 12/02/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This property presents a promising opportunity for renovation and investment, featuring an existing outbuilding that has received full planning permission to be transformed into a two-bedroom detached dwelling. Nestled in a scenic rural area, the location offers close proximity to green belt countryside while still being conveniently accessible to local amenities. The approved plans allow for a thoughtful design that includes an open-plan living, dining, and kitchen area, along with a study space, utility room, guest cloakroom, and two bedrooms with a bathroom upstairs. The outdoor space will also feature a generous garden along with off-road parking options. The total planned area is approximately 130 square meters. Situated just about one mile from Stonnall village center, residents will benefit from nearby shops, a well-regarded primary school, and community facilities such as St Peter's Church. For more extensive shopping needs and educational opportunities, Lichfield, Sutton Coldfield, and Walsall are within easy reach. Accessibility is another advantage; the property is well-connected to major roadways including the A5 Trunk Road and M6 Toll Roads, facilitating travel throughout the West Midlands region. This makes it ideal for those looking to invest in a home with good commuting links. Local leisure facilities are abundant as well. Nearby offerings include the Oak Park Active Living Centre in Walsall Wood and various sports clubs within Aldridge—providing ample options for recreation and community engagement. It’s important to note that mains services will need to be connected for the future dwelling—currently there is no mains gas available—but there are options for sustainable energy solutions such as air source or ground source systems. This property not only represents immediate potential but also promises long-term value in a desirable location.

Investment Analysis

(WS9 area)
Area Average
£300/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (WS9)

Area prices are rising by +4.5% over the last 12 months
3 year growth: 9.8%
5 year growth: 25.7%
Investment Disclaimer: Analysis based on WS9 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

Mill Lane, Lower Stonnall
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,264
Based on a loan of £258,750 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