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Pel Crescent, Oldbury

West Midlands

£290,000
Listed on 11/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
958 sqft

Description

This extended three-bedroom semi-detached house presents a promising opportunity for renovation and investment, ideally suited for families and first-time buyers looking to add value. The property has benefitted from an extension at the rear, which has significantly increased the ground floor living area. This includes a bright and spacious through lounge/diner, ideal for both daily family activities and entertaining guests. The expansive fitted kitchen takes full advantage of the extension, offering ample storage solutions and worktop space for culinary enthusiasts. On the first floor, you will find three adequately sized bedrooms, with one featuring an en-suite bathroom. A modern family bathroom complements this level, enhancing practicality for everyday living. Notably, full planning permission for a loft conversion is already in place, providing an excellent chance to create additional living space—perfect for a fourth bedroom or a home office (pending commencement). Externally, the property boasts a driveway that allows off-road parking along with an integrated garage that has been converted to serve multiple purposes such as a home office or gym. The rear garden offers outdoor space beneficial for relaxation or family gatherings. Set in the desirable Pel Crescent area of Oldbury, this home enjoys a strong sense of community and is positioned conveniently near local amenities including shops and schools. Accessibility is also enhanced by excellent transport links to major roads and public transportation options, making it easy to commute to nearby urban areas. This property stands out due to its proximity to reputable educational institutions and green spaces—factors that make it particularly attractive to families.

Investment Analysis

(B68 area)

Above Market Value

This property is priced +15.5% above area average per sq ft

+15.5%
This Property
£303/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£256
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£276,201
10% above area average per sq ft
Potential ROI
-16.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (B68)

Area prices are rising by +4.5% over the last 12 months
3 year growth: +8.8%
5 year growth: +34.2%
Investment Disclaimer: Analysis based on B68 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

Pel Crescent, Oldbury
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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
£1,046
Based on a loan of £217,500 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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