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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

This is a noteworthy investment opportunity featuring two detached houses coupled with a substantial plot of land in the rear. The combined site spans around 972 square meters (0.24 acres) and presents significant potential for development, pending planning permissions. The first property, Number 52, requires modernisation throughout and features multiple living areas, a conservatory, kitchen, and three bedrooms. Meanwhile, Number 50 has several structural challenges and may need to be demolished to maximise access to the expansive land at the rear. This area is well-regarded within a vibrant residential community, close to local amenities and excellent transport links via Rowley Regis railway station and the M5 motorway. Given its current state, both properties offer considerable scope for renovation or redevelopment, making it an ideal project for investors or developers looking to enhance value in a sought-after location.

Investment Analysis

(B62 area)

Above Market Value

This property is priced +16.4% above area average per sq ft

+16.4%
This Property
£343/sq ft
Area Average
£295/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£330,766
10% above area average per sq ft
Potential ROI
-29.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (B62)

Area prices are stable by -1.6% over the last 12 months
3 year growth: +0.8%
5 year growth: +13.4%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,322
Based on a loan of £262,500 over 30 years at 4.45% 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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