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45 Park Lane, Old Park, TF3

West Midlands

£299,950
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This semi-detached family home presents a valuable opportunity for renovation and expansion. The property features two to three bedrooms and has been extended at the rear, alongside a loft conversion that currently lacks building regulation approval. Its interior is fully in need of refurbishment, allowing potential buyers to reimagine the space according to their personal design preferences. The home's generous side plot significantly enhances its development potential. Options include creating a side or first-floor extension to increase living space, updating the loft conversion to meet regulatory standards for additional usable area, or possibly subdividing the side land for a new dwelling (subject to planning permission), which could be a lucrative investment opportunity. Located in the desirable area of Old Park, this property offers ample possibilities for transformation into a bespoke family residence.

Investment Analysis

(TF3 area)
Area Average
£217/sq ft
Avg Rent (weekly)
£213
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £65,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (TF3)

Area prices are rising by +8.6% over the last 12 months
3 year growth: -0.3%
5 year growth: +19.7%
Investment Disclaimer: Analysis based on TF3 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

45 Park Lane, Old Park, TF3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,070
Based on a loan of £224,962 over 30 years at 3.97% 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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