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Watery Lane, Lea Bailey Hill, HR9

West Midlands

£495,000
Listed on 26/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
2330 sqft

Description

This property offers a unique opportunity for those looking to invest in a spacious home with significant potential for enhancement. Originally designed as a quaint cottage, it has been thoughtfully expanded, creating a generous open-plan living area that serves as the heart of the home. Entering through the canopied porch, you are greeted by an impressive living space featuring a soaring vaulted ceiling crafted in a Scandinavian style, complemented by large windows that provide splendid views of the surrounding gardens. The modern kitchen-breakfast area benefits from an open layout and is equipped with contemporary units and a central island. However, there is room to further upgrade or customize this space according to your preferences. The adjacent utility room adds practicality with plumbing options for additional appliances. Upstairs, two well-proportioned double bedrooms, along with a bathroom and separate W.C., await transformation into restful retreats. The lower ground level reveals additional flexibility with a multipurpose room that could serve as an office or playroom, leading into the spacious principal bedroom suite complete with an en-suite bathroom that allows for future improvements. The outdoor tiered garden presents excellent landscaping possibilities, featuring established lawns and diverse shrubs, alongside a charming stream. The workshop beneath the extension offers further avenues for creative use—ideal as either a home gym or dedicated hobby space. Parking is available at the front of the house, plus there’s a garage topped by an enticing studio space ripe for conversion into guest accommodation or a private office (subject to planning permissions). This supplementary structure echoes the home’s distinctive design elements while offering stunning views over the garden. With careful planning and execution, this property could be transformed into an exceptional family residence or investment opportunity.

Investment Analysis

(HR9 area)

Below Market Value

This property is priced -31.9% below area average per sq ft

-31.9%
Potential saving
This Property
£212/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£225
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£799,143
10% above area average per sq ft
Potential ROI
+44.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (HR9)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -6.8%
5 year growth: +2.6%
Investment Disclaimer: Analysis based on HR9 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

Watery Lane, Lea Bailey Hill, HR9
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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
£1,785
Based on a loan of £371,250 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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