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Wood Lane, Cookhill, Redditch

West Midlands

£695,000
Listed on 05/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1378 sqft

Description

This three-bedroom detached bungalow offers a rare investment opportunity, set on an expansive plot of approximately 1.1 acres in the sought-after area of New End, Astwood Bank. The property features spacious single-storey living with a welcoming entrance hall that leads to an open-plan living and dining area bathed in natural light. The kitchen, equipped with essential appliances, connects to a utility room for added functionality. Three generously sized double bedrooms provide ample accommodation, complemented by a family bathroom and an en-suite shower room attached to the master suite. The outdoor space is equally impressive, featuring extensive gardens, a double garage, and various outbuildings including a chicken shed that could serve alternative purposes with the right vision. Notably, previous owners initiated a loft conversion under permitted development rights, complete with several Velux windows already installed. This aspect presents exciting potential for creating two to three additional bedrooms and another family bathroom upon completion of the project. This property stands out due to its substantial grounds and versatile living space, making it an exceptional choice for buyers looking to enhance and expand their home in the highly regarded Worcestershire region.

Investment Analysis

(B96 area)

Above Market Value

This property is priced +49.5% above area average per sq ft

+49.5%
This Property
£504/sq ft
Area Average
£337/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£511,507
10% above area average per sq ft
Potential ROI
-31.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
122%
Properties sold annually

Local Market Trend (B96)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +13.2%
5 year growth: +27.3%
Investment Disclaimer: Analysis based on B96 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

Wood Lane, Cookhill, Redditch
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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
£2,507
Based on a loan of £521,250 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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