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Theodore Close, Oldbury, B69 - Image 1
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Theodore Close, Oldbury, B69

West Midlands

£235,000
Listed on 09/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
990 sqft

Description

This traditional three-bedroom semi-detached house presents an opportunity ripe for renovation and investment, located in a sought-after area of Oldbury. The property is currently tenanted, generating a monthly rental income of £1,000, making it an attractive option for investors looking to expand their portfolio. The interior layout consists of a porch leading into a hallway and features a spacious lounge/dining room that offers potential for modernizing and personal touches. The kitchen provides an essential space for culinary activities and could be updated to enhance functionality. Upstairs, the three bedrooms each offer comfortable living spaces that can be transformed to meet contemporary standards. A well-sized bathroom completes the upstairs layout, with the convenience of a downstairs WC accessible from the garage. Externally, the property benefits from a front driveway and side garage, providing ample parking options. The generous rear garden opens up possibilities for outdoor renovations or extensions subject to obtaining the necessary planning permissions. Located conveniently near local amenities—including shops, restaurants, and pubs—the home also enjoys easy access to transport links such as the main Birmingham New Road and Junction 2 of the M5 motorway. This accessibility makes it ideal for commuters traveling into Birmingham or beyond. While the property has been well-maintained over time, it does require some modernization, providing an excellent canvas for those looking to add value through renovations. Viewing is recommended to fully appreciate both the investment potential and the possibilities for personal customization this home offers.

Investment Analysis

(B69 area)

Below Market Value

This property is priced -3.8% below area average per sq ft

-3.8%
Potential saving
This Property
£237/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£237
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£268,820
10% above area average per sq ft
Potential ROI
+1.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (B69)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 10.2%
5 year growth: 37.5%
Investment Disclaimer: Analysis based on B69 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

Theodore Close, Oldbury, B69
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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
£861
Based on a loan of £176,250 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