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Masters Lane, Halesowen

West Midlands

£350,000
Listed on 21/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1020 sqft

Description

Presenting a noteworthy investment opportunity, this substantial dual-plot property encompasses two detached homes and additional land, totaling approximately 972 square meters (0.24 acres). Currently, number 52 requires modernization and updates throughout, while number 50 is facing several structural issues that may necessitate its demolition to unlock the full potential of the rear land. The extensive plot offers significant development possibilities subject to planning permissions. Situated in a well-established residential area, the property benefits from proximity to essential local amenities and convenient transport links, including access to Rowley Regis railway station and the M5 motorway. Given its potential for redevelopment and enhancement, this property represents a compelling project for investors or developers looking to capitalize on the growing demand in the region.

Investment Analysis

(B62 area)

Above Market Value

This property is priced +20.3% above area average per sq ft

+20.3%
This Property
£343/sq ft
Area Average
£285/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£320,163
10% above area average per sq ft
Potential ROI
-28.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (B62)

Area prices are rising by +4.0% over the last 12 months
3 year growth: +3.6%
5 year growth: +16.5%
Investment Disclaimer: Analysis based on B62 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

Masters Lane, Halesowen
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,240
Based on a loan of £262,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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