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Fazeley Road, Tamworth, B78

West Midlands

£120,000
Listed on 18/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
657 sqft

Description

This first-floor maisonette features two spacious bedrooms and offers a solid foundation for renovation, making it an appealing opportunity for both investors and first-time buyers looking to make their mark. With 95 years left on the lease, the property is immediately available for those ready to roll up their sleeves. The interior layout includes a generously sized living room, providing ample room for reconfiguration or modernization according to personal tastes. Each of the two bedrooms is well-proportioned, ideal for comfortable living or as rental spaces. While the unit requires refurbishment, this presents an excellent chance to create a home tailored to modern specifications or enhance its value significantly through updates. Outside, a substantial rear garden accompanies the property. Currently utilized for parking via a shared access road, this outdoor space also holds potential for further development or construction, subject to obtaining the necessary planning permissions. The versatility of this area adds another layer of investment appeal. In terms of ongoing costs, there is a minimal ground rent and contributions towards building insurance that the leaseholder manages. Given its size and potential for transformation, this maisonette stands out as an excellent option for those looking to invest in a project with promising returns.

Investment Analysis

(B78 area)

Below Market Value

This property is priced -38.2% below area average per sq ft

-38.2%
Potential saving
This Property
£183/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£291
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£213,486
10% above area average per sq ft
Potential ROI
+42.3%
After renovation
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

Fazeley Road, Tamworth, B78
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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
£440
Based on a loan of £90,000 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