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Melbourne Road, Bromsgrove, B61 8PE - Image 1
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Melbourne Road, Bromsgrove, B61 8PE

West Midlands

£650,000
Listed on 07/02/2026

Property Details

Bedrooms
5
Type
Detached house
Area
2210 sqft

Description

This impressive five-bedroom detached property offers a significant opportunity for renovation and redevelopment in a desirable area of Bromsgrove. Set on a spacious and private plot, the residence combines generous living space with exciting investment potential. With outline planning permission already granted for the demolition of the current structure, you can opt to build two large detached homes or convert the site into four apartments. There remains the possibility of further permissions tailored to your vision, or you might choose to refurbish and extend the existing house, creating an expansive family home that meets modern standards. Inside, the layout is based around a central staircase with an abundance of living areas. The welcoming entrance hall includes fitted storage and leads into a substantial main lounge that stretches over nine metres in length. Additional spaces include another lounge area, an open-plan kitchen, formal dining facilities, utility room, and a modern ground floor shower room, with added versatility from another reception currently used as a gym. The first floor features five generously sized double bedrooms, including a principal bedroom that exudes comfort and space. This level is completed by another shower room and additional storage. Externally, there is gated access leading to ample parking on the private driveway for multiple vehicles and a detached garage. The expansive garden adds to privacy and opens up possibilities for landscaping or division into separate gardens following the approved planning guidelines. Located conveniently close to Bromsgrove town center along with schools and transport links, this property presents a rare chance for those looking to invest in residential development or create their dream home through renovation.

Investment Analysis

(B61 area)

Below Market Value

This property is priced -3.3% below area average per sq ft

-3.3%
Potential saving
This Property
£294/sq ft
Area Average
£304/sq ft
Avg Rent (weekly)
£224
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£739,753
10% above area average per sq ft
Potential ROI
-1.4%
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

Melbourne Road, Bromsgrove, B61 8PE
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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
£2,344
Based on a loan of £487,500 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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