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Engine Lane, Wednesbury, WS10

West Midlands

£325,000
Listed on 04/07/2025

Property Details

Bedrooms
5
Type
Detached

Description

This property in Wednesbury presents an exciting opportunity for first-time buyers and families seeking a versatile home with significant renovation potential. The residence features secure off-road parking suitable for two vehicles, alongside a spacious entrance hallway that leads to various functional spaces. The ground floor comprises a generous lounge with French doors opening onto the garden, a well-equipped kitchen with modern fittings, and a formal dining room ideal for hosting gatherings. Additionally, a utility room provides practical storage and access to a convenient downstairs shower room. The upper levels include three well-sized bedrooms on the first floor along with a family bathroom, while the second floor boasts two more bedrooms (one en-suite) and an additional bathroom. Outside, the expansive rear garden not only offers ample space for leisure but also opens doors to future development potential, such as an outbuilding or extension, pending necessary planning approvals. With local amenities, schools, and excellent transport links nearby, this property is perfectly situated for family life while providing plenty of scope for personalisation and enhancement. The separate workshop in the garden adds further appeal, equipped with its own power supply and possibilities for conversion or extension. This home is ripe for reimagining and would benefit from thoughtful upgrades to unlock its full potential.

Investment Analysis

(WS10 area)
Area Average
£227/sq ft
Avg Rent (weekly)
£204
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (WS10)

Area prices are rising by +6.5% over the last 12 months
3 year growth: +6.8%
5 year growth: +26.8%
Investment Disclaimer: Analysis based on WS10 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

Engine Lane, Wednesbury, WS10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,151
Based on a loan of £243,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

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