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Mitcheldean Road, Lea

West Midlands

£249,995
Listed on 04/01/2026

Property Details

Bedrooms
4
Type
Detached house

Description

This four-bedroom detached bungalow, constructed from non-traditional Woolaway materials, is situated in a semi-rural setting on a substantial plot. The property is currently in a state of disrepair, presenting significant opportunities for renovation and enhancement to create a modern family home. Upon entering through the uPVC double-glazed front door, you're welcomed into an entrance hall that connects to all living spaces. The lounge, measuring 17’1” x 8’11”, features a front-facing window that allows natural light to flow in. The kitchen, which spans 15’0” x 8’3”, offers views of the rear garden through another window. There are four bedrooms of varying sizes, with the largest being 12’1” x 10’0” and offering rear aspect views. The property also includes a separate WC and a bathroom that requires modernisation. Outside, the front driveway accommodates parking for two to three vehicles alongside a garden adorned with shrubs and trees. The rear garden is enclosed and boasts scenic countryside views, providing an ideal backdrop for future outdoor enhancements.

Investment Analysis

(HR9 area)
Area Average
£313/sq ft
Avg Rent (weekly)
£232
Avg Yield
2.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (HR9)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -4.0%
5 year growth: 7.7%
Investment Disclaimer: Analysis based on HR9 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

Mitcheldean Road, Lea
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,496 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