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Stafford Road, Lichfield

West Midlands

£500,000
Listed on 26/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1133 sqft

Description

This detached bungalow presents a unique opportunity for those looking to invest in a property with substantial renovation potential. Situated on a spacious plot in a desirable area of Lichfield, this home is conveniently located near local amenities and transport links. The property features gas central heating and UPVC double glazing and is offered with no chain, allowing for a smooth transaction. The layout includes an entrance porch, hallway, living room, dining room/third bedroom, kitchen, two additional bedrooms, and a shower room. Outside, you'll find front and rear gardens complemented by driveway parking that includes a detached garage and carport. While the property is functional as-is, it does require improvement works which could greatly enhance its value. An early viewing is recommended to fully appreciate the potential here.

Investment Analysis

(WS13 area)

Above Market Value

This property is priced +32.0% above area average per sq ft

+32.0%
This Property
£441/sq ft
Area Average
£334/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£416,576
10% above area average per sq ft
Potential ROI
-22.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
72%
Properties sold annually

Local Market Trend (WS13)

Area prices are falling by -7.1% over the last 12 months
3 year growth: +0.3%
5 year growth: +5.2%
Investment Disclaimer: Analysis based on WS13 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

Stafford Road, Lichfield
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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
£1,803
Based on a loan of £375,000 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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