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Bonehill Road, Tamworth

West Midlands

£750,000
Listed on 15/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Presenting a unique opportunity to acquire a property in a prime town center location, this site comes with approved planning permission for the development of multiple residential units. The proposed plans include two semi-detached homes featuring two bedrooms each, eight three-bedroom semi-detached houses, and one four-bedroom detached residence, making it an appealing option for investors looking to tap into the growing housing demand in the area. Situated conveniently between Ventura Retail Park and the historic Tamworth Castle, the property's location offers both modern amenities and cultural attractions within easy reach. This combination enhances its desirability for future residents, further supporting investment potential in this developing locale. The existing structures on the site, which formerly served as a vehicle repair garage, will need to be demolished, providing a blank canvas for redevelopment. With local council approval already in place (Application No: 0206/2021), prospective buyers can move forward with their development plans without delay. This property represents not just an opportunity for construction but also the chance to contribute to urban renewal in a vibrant community. The scope for renovation and new builds aligns well with current market trends favoring new residential solutions in town centers.

Investment Analysis

(B78 area)
Area Average
£295/sq ft
Avg Rent (weekly)
£291
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (B78)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -2.5%
5 year growth: 24.8%
Investment Disclaimer: Analysis based on B78 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

Bonehill Road, Tamworth
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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
£2,747
Based on a loan of £562,500 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