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Parkwood, Elmley Castle, WR10

West Midlands

£575,000
Listed on 22/01/2026

Property Details

Bedrooms
4
Type
Detached house
Area
2197 sqft

Description

This spacious detached family home, set in the tranquil village of Elmley Castle, presents a valuable opportunity for renovation and investment. Spanning approximately 2,197 sq ft (204 sq m), the house features flexible living spaces ideal for adaptation to suit modern family needs. One of its highlights is the expansive ground-floor extension, which enhances its appeal for multi-generational living or creating additional rental income. The ground floor boasts a welcoming entrance hall leading to a bright living room overlooking the garden, a formal dining room perfect for entertaining, and a kitchen with ample storage that connects to a utility room with outside access. An additional reception space on this level can easily serve as a guest bedroom or home office, adding potential for reconfiguration. On the first floor, four generously sized bedrooms offer pleasant views and could be reimagined to enhance functionality or aesthetics. The existing layout provides excellent scope for renovations that could significantly increase property value. Externally, the property is complemented by off-road parking and an attached double garage, alongside an established rear garden that invites opportunities for landscaping or outdoor enhancements. The garden is well-positioned to enjoy open views of the surrounding fields. Elmley Castle itself is set within an Area of Outstanding Natural Beauty with strong community ties and adequate amenities nearby. It offers convenience for commuters with easy access to major roadways and nearby market towns.

Investment Analysis

(WR10 area)

Below Market Value

This property is priced -17.5% below area average per sq ft

-17.5%
Potential saving
This Property
£262/sq ft
Area Average
£317/sq ft
Avg Rent (weekly)
£333
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£766,819
10% above area average per sq ft
Potential ROI
+18.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (WR10)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -0.8%
5 year growth: +16.4%
Investment Disclaimer: Analysis based on WR10 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

Parkwood, Elmley Castle, WR10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,074
Based on a loan of £431,250 over 30 years at 4.06% 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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