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Grasmere Close, Priorslee, TF2

West Midlands

£350,000

Listed on 22/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1023 sqft

Description

This three-bedroom detached bungalow, located in the sought-after area of Priorslee, Telford, presents a solid opportunity for renovation and investment. While currently in good condition, there is potential to enhance its value through modern updates or reconfiguration. The single-storey layout features two reception rooms, a conservatory that overlooks the established garden, and well-sized bedrooms - all of which could benefit from contemporary finishes. The fitted kitchen with direct garden access offers additional scope for redesign to create an open-plan space that caters to modern living trends. The inclusion of a double garage and generous off-road parking enhances the property's appeal to families or downsizers looking for convenience. Outdoors, the ample wrap-around garden contains mature planting and patio areas that could be revitalized for improved outdoor living spaces. With local amenities, parks, and transport links nearby, this bungalow represents an enticing project for those interested in adding their personal touch while benefitting from the area's desirable characteristics.

Investment Analysis

(TF2 area)

Above Market Value

This property is priced +33.3% above area average per sq ft

+33.3%
This Property
£342/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£288,752
10% above area average per sq ft
Potential ROI
-26.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TF2)

Area prices are falling by -9.4% over the last 12 months
3 year growth: -3.7%
5 year growth: +11.1%
Investment Disclaimer: Analysis based on TF2 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

Grasmere Close, Priorslee, TF2
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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
£1,249
Based on a loan of £262,500 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.

Stamp Duty Calculator

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