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Churchfields, Bromsgrove B61 8DX

West Midlands

£280,000
Listed on 30/01/2026

Property Details

Bedrooms
N/A
Type
Detached house
Area
1468 sqft

Description

This property represents a significant redevelopment opportunity in a well-established residential locality. The existing bungalow is currently in a state of disrepair, making it ripe for demolition and subsequent redevelopment. With ample plot size, there is potential to erect either one replacement dwelling or possibly a two-unit scheme, subject to obtaining the necessary planning permissions. This offering appeals strongly to builders, developers, and investors looking to capitalize on a project that promises high market demand upon completion. The bungalow has suffered extensive damage including severe water infiltration due to roof failure, resulting in unusable internal space characterized by damp issues, ceiling collapses, and structural concerns. As it stands, this property is not suitable for refurbishment but instead offers a blank canvas ideal for new construction. Given its location within an established residential area, the site is likely to attract future buyers or renters seeking quality housing options. For those prepared to navigate the planning process, this presents an excellent chance to create modern residential units in a desirable community setting.

Investment Analysis

(B61 area)

Below Market Value

This property is priced -37.3% below area average per sq ft

-37.3%
Potential saving
This Property
£191/sq ft
Area Average
£304/sq ft
Avg Rent (weekly)
£224
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£491,384
10% above area average per sq ft
Potential ROI
+48.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
79%
Properties sold annually

Local Market Trend (B61)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +2.6%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on B61 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

Churchfields, Bromsgrove B61 8DX
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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
£1,010
Based on a loan of £210,000 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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