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Lilley Lane, Birmingham, B31 - Image 1
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Lilley Lane, Birmingham, B31

West Midlands

£260,000
Listed on 24/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
882 sqft

Description

This semi-detached house in Birmingham presents a solid foundation for renovation, showcasing three bedrooms and an adaptable layout that can cater to both first-time buyers and investors. The ground floor includes a welcoming lounge, a separate living area, and a kitchen that is adequately sized, allowing for future enhancements or reconfiguration. The first floor comprises two spacious double bedrooms alongside a family bathroom with four-piece suite, highlighting potential for modernisation. Outside, the property boasts a driveway, a sizeable rear garden ideal for landscaping opportunities, an outbuilding offering storage or conversion possibilities, and accessible rear entry. While the home is currently in good condition, it offers ample scope for aesthetic upgrades to align with personal tastes. Positioned conveniently near local amenities and transport links, this property is not just about comfort but also about unlocking value through thoughtful renovations.

Investment Analysis

(B31 area)

Above Market Value

This property is priced +6.9% above area average per sq ft

+6.9%
This Property
£295/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£267,436
10% above area average per sq ft
Potential ROI
-9.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (B31)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 5.5%
5 year growth: 26.9%
Investment Disclaimer: Analysis based on B31 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

Lilley Lane, Birmingham, B31
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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
£952
Based on a loan of £195,000 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