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Greenwood Close, Kings Heath, Birmingham

West Midlands

£270,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
484 sqft

Description

This three-bedroom detached property is set in a quiet neighborhood, providing a great opportunity for those seeking a renovation project or investment potential. While the home is currently in need of updating, it offers a solid foundation and spacious layout for future enhancements. The entrance leads into a practical porch that opens directly into an expansive open-plan living area, which includes both a lounge and dining space. The lounge features large windows that invite natural light, while the dining area boasts French doors that provide direct access to the rear garden—a desirable feature for entertaining or outdoor living. The kitchen, although dated, offers ample room for reconfiguration and modernization, featuring existing integrated appliances and space for additional upgrades. On the first floor, you'll find three well-proportioned bedrooms along with a family bathroom. The master bedroom benefits from dual aspect windows, creating a bright atmosphere. While the second bedroom has generous dimensions, the third room can serve as either a children's bedroom or home office, depending on your needs. The property also includes a manageable garden at the rear, which could be transformed into an inviting outdoor space with some landscaping work. A driveway at the front ensures convenient off-street parking. Located in an area that benefits from local amenities and good transport links, this property holds significant potential for those looking to add value through renovations or simply seeking their next family home. With its structural integrity and favorable layout, this residence invites creative vision and personal touches to truly make it shine.

Investment Analysis

(B14 area)

Above Market Value

This property is priced +84.2% above area average per sq ft

+84.2%
This Property
£558/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£161,264
10% above area average per sq ft
Potential ROI
-48.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (B14)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 3.8%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on B14 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.

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Location

Greenwood Close, Kings Heath, Birmingham
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