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Highland Way, Greenlands, Redditch

West Midlands

£200,000
Listed on 25/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
937 sqft

Description

This mid-terrace property in the desirable Greenlands area offers a blend of space and renovation potential, making it an attractive opportunity for first-time buyers, growing families, or investors looking to enhance their portfolio. The home features three bedrooms, providing ample space for various living arrangements or future modifications. Upon entering, you'll find a hallway that leads to a guest WC and flows into the kitchen diner. This area provides a practical layout that could benefit from contemporary updates. The living room is spacious, boasting sliding patio doors that open onto the rear garden, allowing natural light to flood the space and offering the possibility for indoor-outdoor living. On the first floor, two generously-sized double bedrooms are complemented by a smaller third bedroom, which can serve as a home office or child's room. A walk-in shower room adds convenience to this level, while additional storage cupboards throughout the property offer functional space. The rear garden presents another opportunity; with some landscaping and design work, it could be transformed into a charming outdoor retreat. Access to communal parking is available at the back, enhancing convenience for residents and visitors alike. Notably, this property is categorized as 'non-standard construction' due to its 'Wimpey No Fine' build type. While it requires modernization throughout, this presents an exciting chance for buyers to customize their living environment according to their preferences. Situated in a well-regarded neighborhood with good local amenities and transport links, this property holds significant investment potential. Whether you're looking to create your dream home or seeking to capitalize on rental opportunities in a sought-after location, this residence warrants consideration for its size and possibilities for enhancement.

Investment Analysis

(B98 area)

Below Market Value

This property is priced -17.2% below area average per sq ft

-17.2%
Potential saving
This Property
£213/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£265,611
10% above area average per sq ft
Potential ROI
+18.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (B98)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 2.1%
5 year growth: 20.4%
Investment Disclaimer: Analysis based on B98 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

Highland Way, Greenlands, Redditch
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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
£733
Based on a loan of £150,000 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