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Norton, Worcester, Worcestershire

West Midlands

£425,000
Listed on 10/09/2024

Property Details

Bedrooms
3
Type
Bungalow
Area
975 sqft

Description

This property presents a noteworthy investment opportunity in a desirable location close to Worcester city center. The south-facing detached bungalow offers a solid foundation for modernization, featuring an 'L' shaped hallway, a cozy sitting room with fireplace, and a dual-aspect kitchen with fitted units. Additionally, the accommodation includes two spacious double bedrooms, a single bedroom, and a family bathroom highlighting its functional layout. Outside, the private garden is edged with mature trees and shrubs, while the gated driveway provides secure off-road parking. The real draw of this site is its adjoining land which comes with Permission in Principle for up to four new dwellings. With the total grounds extending over 0.81 acres, there is considerable potential to develop additional housing while retaining the existing bungalow or completely redeveloping it. Situated in Norton village, the property benefits from excellent local amenities and easy access to major transportation links including the M5 motorway and Worcestershire Parkway train station—ideal for commuters. The area is also well-served by reputable schooling options making it an attractive choice for families. While the bungalow requires modernisation, it stands as a promising canvas for both renovation enthusiasts and developers looking to make their mark in this growing community.

Investment Analysis

(WR5 area)

Above Market Value

This property is priced +39.2% above area average per sq ft

+39.2%
This Property
£436/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£335,907
10% above area average per sq ft
Potential ROI
-33.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (WR5)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -2.6%
5 year growth: +5.3%
Investment Disclaimer: Analysis based on WR5 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

Norton, Worcester, Worcestershire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,505
Based on a loan of £318,750 over 30 years at 3.91% 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.

Price History

-19.0% since listed
£425,000£55,000(-11.5%)
31/03/2026
Current price
£480,000£15,000(-3.0%)
09/01/2026
£495,000£30,000(-5.7%)
10/04/2025
£525,000Initial listing
10/09/2024

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