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Dimbles Lane, Lichfield

West Midlands

£220,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
907 sqft

Description

This property presents a promising opportunity for renovation and investment, ideal for first-time buyers and seasoned investors alike. Situated in a sought-after residential area on the north side of Lichfield, it benefits from convenient access to local shops, the city center, and public transport routes. The home features three bedrooms and a family bathroom, providing a solid foundation for updates that could enhance its value. The entrance hall welcomes you with laminate wood-effect flooring and leads to the living room, which boasts a feature fireplace and patio doors opening to the rear garden. The adjoining dining room offers additional space for gatherings and connects seamlessly to the kitchen. The kitchen is equipped with essential appliances and ample storage but offers room for modernization to suit contemporary tastes. Upstairs, the landing provides access to all three bedrooms, each featuring UPVC double-glazed windows that fill the spaces with natural light. Outside, the front garden is set back from the road with potential for creating a driveway following necessary approvals. It includes established shrubs and a pebbled area. The private rear garden is generous in size, complete with lawn space, raised beds, and a paved patio – perfect for outdoor entertaining or relaxation. While the property currently requires the installation of a central heating system, this presents an excellent opportunity to tailor upgrades to your specifications. With its structural integrity and favorable location, this home stands as a canvas ready for your vision, allowing you to maximize its renovation potential.

Investment Analysis

(WS13 area)

Below Market Value

This property is priced -26.1% below area average per sq ft

-26.1%
Potential saving
This Property
£243/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£266
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£327,595
10% above area average per sq ft
Potential ROI
+36.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (WS13)

Area prices are falling by +2.6% over the last 12 months
3 year growth: 5.3%
5 year growth: 10.1%
Investment Disclaimer: Analysis based on WS13 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

Dimbles Lane, Lichfield
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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
£806
Based on a loan of £165,000 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