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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 28/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached farmhouse, set on a generous plot of approximately 3 acres, presents a compelling opportunity for those looking to invest in a property with significant potential. Located at the end of a private drive in one of Halesowen's desirable semi-rural areas, this property features multiple outbuildings that could be repurposed or expanded upon, making it ideal for various uses such as equestrian, agricultural, or leisure activities (subject to planning permissions). The extensive grounds offer ample parking and turning space, enhancing the appeal of the location. Although the farmhouse may require substantial refurbishment, it offers the chance for buyers to create their ideal family home or lifestyle retreat tailored to their preferences. With its tranquil setting yet proximity to urban amenities in Halesowen and Birmingham, this property represents an attractive renovation project without an upward chain.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
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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£
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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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