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Richards Road, TIPTON

West Midlands

£150,000
Listed on 04/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
822 sqft

Description

This semi-detached family residence presents a solid opportunity for renovation and investment, situated in a location well-served by schools and local amenities. The property features two bedrooms, a lounge, and an additional reception room, along with a kitchen extension constructed from single skin brick. The layout includes a convenient downstairs shower room and ample outdoor space with a driveway and gardens. However, potential buyers should note that cash offers are preferred due to the kitchen extension's construction type. The property has some notable features including built-in wardrobes in the main bedroom and a double walk-in shower in the family bathroom. While there are areas requiring modernisation, particularly concerning the kitchen and possible repairs to the garage with its asbestos roofing, this property holds significant potential for those looking to enhance its value through targeted renovations. Given the context of it being in a former mining area, conducting relevant searches will be essential for any prospective buyer. This home is ideal for investors or homeowners willing to put in the work to create their ideal living space.

Investment Analysis

(DY4 area)

Below Market Value

This property is priced -21.7% below area average per sq ft

-21.7%
Potential saving
This Property
£182/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£231
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£210,724
10% above area average per sq ft
Potential ROI
+10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (DY4)

Area prices are rising by +4.0% over the last 12 months
3 year growth: 21.4%
5 year growth: 37.9%
Investment Disclaimer: Analysis based on DY4 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

Richards Road, TIPTON
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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
£549
Based on a loan of £112,500 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