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Wood Lane, Astwood Bank, Redditch, B96 6NN

West Midlands

£650,000

Listed on 18/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1396 sqft

Description

This exceptional detached bungalow in the tranquil village of Astwood Bank offers a unique opportunity for those looking to invest in a property with significant renovation potential. Nestled behind an inviting gravel driveway, this home features a spacious and flexible layout that invites creativity. The main living area is an L-shaped lounge diner, bathed in natural light from dual-aspect windows and centered around a charming open fireplace. The adjoining breakfast kitchen is well-equipped but could benefit from modern updates, while a sizeable utility room provides functional space for storage and appliances. Currently comprising three good-sized bedrooms, including a principal suite with an ensuite shower room, there is ample scope to reconfigure or refresh the interiors. Notably, the loft has prior planning approval for conversion into two additional bedrooms with ensuite facilities, presenting an exciting chance to increase living space significantly. The extensive plot of approximately 1.01 acres allows for additional outward extensions, creating potential for stunning open-plan living areas or garden rooms that would enhance the existing footprint. The south-facing rear garden not only offers plentiful sunlight but also features a paved patio perfect for entertaining guests. With outbuildings including a double garage and workshop, as well as a former chicken shed ripe for transformation into guest accommodation (pending necessary permissions), this property presents multiple avenues to enhance its value and versatility. Furthermore, the presence of a natural spring well adds a distinct touch to this already remarkable setting. Ultimately, this bungalow is not just a residence; it is a canvas awaiting your vision—an opportunity to create your dream home in one of the West Midlands' most desirable locations.

Investment Analysis

(B96 area)

Above Market Value

This property is priced +40.4% above area average per sq ft

+40.4%
This Property
£466/sq ft
Area Average
£332/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£509,205
10% above area average per sq ft
Potential ROI
-31.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (B96)

Area prices are falling by -3.5% over the last 12 months
3 year growth: +19.6%
5 year growth: +10.5%
Investment Disclaimer: Analysis based on B96 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

Wood Lane, Astwood Bank, Redditch, B96 6NN
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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
£2,319
Based on a loan of £487,500 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.

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