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Sillins Avenue, Lakeside, Redditch

West Midlands

£190,000
Listed on 28/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
780 sqft

Description

This three-bedroom semi-detached property presents a solid opportunity for those interested in making their mark through renovation. The home features a living room, a spacious kitchen/diner, and three comfortable bedrooms, along with a bathroom and both front and rear gardens. There is potential for off-road parking, given the existing dropped kerb and double gates at the back of the property; however, some adjustments would be necessary to optimize this feature. Additionally, several neighboring properties have successfully created driveways at the front, which could further enhance value. This home is an excellent candidate for modernizing to suit personal tastes and increase market appeal.

Investment Analysis

(B98 area)

Below Market Value

This property is priced -6.5% below area average per sq ft

-6.5%
Potential saving
This Property
£244/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£223,466
10% above area average per sq ft
Potential ROI
+3.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
66%
Properties sold annually

Local Market Trend (B98)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +2.2%
5 year growth: +19.2%
Investment Disclaimer: Analysis based on B98 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

Sillins Avenue, Lakeside, Redditch
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£685
Based on a loan of £142,500 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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