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45 Park Lane, Old Park, TF3

West Midlands

£299,950
Listed on 30/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

Presenting an opportunity to reimagine a semi-detached family residence in a sought-after area. This two/three-bedroom house features an extended rear layout and a loft conversion, though it is important to note that the loft conversion lacks approved building regulation sign-off. Inside, the property requires comprehensive refurbishment, offering a blank slate for future owners to craft their ideal living space in one of Old Park's most desirable locations. With its substantial side plot and existing extension, this property boasts considerable development potential. Options include adding further space through a side or first-floor extension, or rectifying the loft conversion to maximize occupancy. Additionally, there may be the opportunity to subdivide the side land for a new dwelling (subject to planning approval), which could appeal to investors seeking value enhancement. EPC Rating: E The generous front and rear gardens provide ample outdoor space for garden enthusiasts or potential landscaping projects.

Investment Analysis

(TF3 area)
Area Average
£214/sq ft
Avg Rent (weekly)
£194
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (TF3)

Area prices are rising by +4.8% over the last 12 months
3 year growth: -1.8%
5 year growth: +18.0%
Investment Disclaimer: Analysis based on TF3 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

45 Park Lane, Old Park, TF3
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £224,962 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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