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Grub Street, High Offley, ST20

West Midlands

£199,999
Listed on 06/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
707 sqft

Description

This end-of-terrace cottage is situated on a generous plot in a serene rural setting, bordered by picturesque countryside views both at the front and rear. The property presents a compelling opportunity for those looking to invest in real estate or create a customized living space. Recently granted planning permission by Stafford Borough Council allows for significant expansion of the existing structure. The proposed two-storey extension plans include adding two additional bedrooms and a bathroom upstairs, along with an extended kitchen, utility area, and guest cloakroom on the ground floor. These enhancements could transform this cottage into a more spacious family home or increase its rental potential. Set back from the lane, the cottage features a welcoming front garden and parking for multiple vehicles alongside it. However, it's important to note that there is an established right of way for access to two parking spaces belonging to a neighboring property. Internally, the ground floor accommodates a kitchen and sitting room, while the first floor consists of two bedrooms and a bathroom. Additionally, there is a rear lean-to providing valuable utility and storage space. The outdoor area boasts a sizable lawned garden, perfect for recreational use or further development. Currently under construction is a single garage which will add convenience and functionality to the property. For those interested in equestrian pursuits or agricultural possibilities, there’s also an option to purchase an adjacent 1.5-acre paddock through separate negotiation. The home operates on oil-fired central heating and has access to mains electricity and water supply, with drainage managed via a septic tank system. This cottage not only offers immediate living comfort but also holds substantial investment potential given its location and planned future enhancements. An Energy Performance Certificate (EPC) rating is currently pending.

Investment Analysis

(ST20 area)

Below Market Value

This property is priced -1.9% below area average per sq ft

-1.9%
Potential saving
This Property
£283/sq ft
Area Average
£289/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£224,366
10% above area average per sq ft
Potential ROI
-13.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (ST20)

Area prices are rising by +12.3% over the last 12 months
3 year growth: -0.7%
5 year growth: 9.4%
Investment Disclaimer: Analysis based on ST20 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

Grub Street, High Offley, ST20
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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
£733
Based on a loan of £149,999 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