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Grey Mill Close, Monkspath

West Midlands

£585,000
Listed on 28/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1432 sqft

Description

This detached family residence occupies a spacious corner plot, presenting a unique opportunity for buyers looking to add value through renovations or extensions (subject to planning permissions). The property features four generous bedrooms and two reception areas, along with a fitted kitchen and essential amenities including a guest WC, en-suite shower room, and family bathroom. The rear garden is a blank canvas for landscaping, while the double garage and off-road parking enhance practicality. Situated at the edge of Shirley with easy access to the M42 motorway and local amenities such as shops, schools, and restaurants, this home offers further potential for investment in an area with strong community ties and convenient transport links.

Investment Analysis

(B90 area)

Above Market Value

This property is priced +15.0% above area average per sq ft

+15.0%
This Property
£409/sq ft
Area Average
£355/sq ft
Avg Rent (weekly)
£303
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£559,747
10% above area average per sq ft
Potential ROI
-10.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
62%
Properties sold annually

Local Market Trend (B90)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +2.5%
5 year growth: +10.2%
Investment Disclaimer: Analysis based on B90 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

Grey Mill Close, Monkspath
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,110
Based on a loan of £438,750 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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