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Illey Lane, Halesowen, B62 - Image 1
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Illey Lane, Halesowen, B62

West Midlands

£1,150,000
Listed on 20/02/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This detached farmhouse, surrounded by approximately three acres of land in a desirable semi-rural area of Halesowen, presents a unique opportunity for those looking to invest in an extensive refurbishment project. The property, which includes several outbuildings, has significant potential for transformation into a bespoke family home or lifestyle retreat. With ample space for redevelopment or extension (subject to relevant permissions), it offers the chance to fully realize your vision of country living. The lengthy private driveway enhances the appeal as you approach this hidden gem within beautiful greenbelt surroundings, while its proximity to Halesowen and Birmingham ensures convenient access to urban amenities. This property is freehold and available with no upward chain, making it an ideal candidate for investors or buyers ready to embark on a substantial renovation journey.

Investment Analysis

(B62 area)
Area Average
£286/sq ft
Avg Rent (weekly)
£274
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (B62)

Area prices are rising by +5.7% over the last 12 months
3 year growth: +5.4%
5 year growth: +17.0%
Investment Disclaimer: Analysis based on B62 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

Illey Lane, Halesowen, B62
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,148
Based on a loan of £862,500 over 30 years at 4.06% 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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