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Holly Grove Lane, Burntwood - Two Bungalows & A Plot To Build Two More (STPP)

West Midlands

£775,000

Listed on 08/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

This property presents a noteworthy opportunity for developers, featuring two existing bungalows alongside potential plans for constructing two additional bungalows (subject to planning approval). The first bungalow, a three-bedroom unit, and the second, a two-bedroom unit, are situated in a desirable area of the West Midlands. Both homes possess unique characteristics, such as spacious living areas flooded with natural light, well-appointed kitchens, and functional layouts that lend themselves to further enhancement. The conservatory in the three-bedroom bungalow adds versatility to the living space. Additionally, pre-planning permission has been sought for the demolition of garages at both locations to facilitate access for new builds. This project could yield significant returns for investors aimed at expanding housing in this sought-after locale.

Investment Analysis

(WS7 area)
Area Average
£274/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (WS7)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +4.6%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on WS7 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

Holly Grove Lane, Burntwood - Two Bungalows & A Plot To Build Two More (STPP)
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,928
Based on a loan of £581,250 over 30 years at 4.45% 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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