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Grey Mill Close, Monkspath

West Midlands

£600,000
Listed on 16/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1432 sqft

Description

This detached family home is positioned on a spacious corner plot, providing ample opportunity for renovations or extensions, subject to planning permission. The property features four bedrooms and two reception rooms, along with practical amenities such as a fitted kitchen, guest WC, en-suite shower room, and family bathroom. Outside, you'll find a generously sized rear garden, a double garage, and off-road parking. Located at the perimeter of Monkspath in Shirley, this home benefits from easy access to surrounding countryside as well as major roadways including the M42 motorway. Proximity to key locations like the NEC and Birmingham International Airport adds to its appeal. Local shopping options are conveniently accessible from Shelly Crescent, where residents can find essential services including schools—Monkspath Junior and Infant School—and various dining establishments such as the popular Farm Gastro Pub & Restaurant. Additionally, the property is situated in the catchment area for Alderbrook Senior School. The external features include a well-maintained lawned fore-garden leading to a paved driveway that accommodates multiple vehicles and extends towards a double garage. This setup not only enhances curb appeal but also offers potential for further development. Upon entering the home through a welcoming storm porch, you’re greeted by an entrance hall that leads to multiple living spaces. The lounge benefits from a bay window that invites natural light and features a gas fireplace for added comfort. Double doors connect it to the dining room, which opens directly onto the rear garden through sliding patio doors—a perfect layout for entertaining or family gatherings. The fitted kitchen overlooks the garden and includes functional appliances with plenty of space for future upgrades or reconfiguration. A handy guest WC completes the ground floor layout. Upstairs, the landing grants access to four well-appointed bedrooms; each room provides unique dimensions and built-in storage solutions that could be enhanced during renovations. The master bedroom comes with an en-suite shower room while additional bedrooms share a family bathroom equipped with modern fixtures. The rear garden presents an excellent canvas for landscaping or expansion ideas, featuring established shrub borders and sufficient space for outdoor activities. With its combination of desirable features and strategic location near essential amenities and transport links, this property embodies considerable renovation potential while appealing to both families looking for their next home or investors exploring opportunities in a sought-after area.

Investment Analysis

(B90 area)

Above Market Value

This property is priced +19.1% above area average per sq ft

+19.1%
This Property
£419/sq ft
Area Average
£352/sq ft
Avg Rent (weekly)
£310
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£554,155
10% above area average per sq ft
Potential ROI
-16.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (B90)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 1.3%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 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