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Cherry Street, Halesowen, B63 3RQ

West Midlands

£180,000
Listed on 03/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1157 sqft

Description

This charming period home is nestled on a tranquil street in Halesowen, making it an excellent opportunity for those looking to invest or personalize their living space. With no upward chain, this property offers a seamless transition for first-time buyers and families eager to create a home that reflects their own style. The property's location is a notable asset, as it is within walking distance of essential amenities, including local shops and schools. The nearby Hawne Park provides ample green space for outdoor activities, whether it's enjoying leisurely strolls or spending quality time with family. Additionally, Halesowen town center is just a short drive away, offering a diverse range of shops, supermarkets, and reliable public transport options for commuters. Inside, the layout presents considerable potential for renovation. The two reception rooms are spacious and versatile, allowing for various configurations that cater to modern family dynamics or entertaining needs. At the rear of the property lies the kitchen, which opens up to a pleasant garden featuring both patio and lawn areas—ideal for outdoor relaxation or dining. Furthermore, there’s a sizable storage area accessible from both inside the home and from the front exterior. On the upper level, you will find two generously sized double bedrooms along with a family bathroom that features separate bath and shower facilities. This space could be updated to enhance comfort and functionality. Ample on-street parking is available nearby, contributing to the convenience of this attractive residence. With its combination of traditional character and significant renovation potential, this property stands out as an appealing project for those looking to invest in their future or set up a family home in a peaceful setting. This residence is offered on a freehold basis.

Investment Analysis

(B63 area)

Below Market Value

This property is priced -39.4% below area average per sq ft

-39.4%
Potential saving
This Property
£156/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£255
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£326,893
10% above area average per sq ft
Potential ROI
+48.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (B63)

Area prices are rising by +4.8% over the last 12 months
3 year growth: 9.8%
5 year growth: 29.9%
Investment Disclaimer: Analysis based on B63 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

Cherry Street, Halesowen, B63 3RQ
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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
£659
Based on a loan of £135,000 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