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Silkmore Lane, Stafford

West Midlands

£280,000

Listed on 25/06/2026

Property details

Bedrooms
2
Type
Detached
Area
1227 sqft

Description

This two-bedroom detached property presents a unique opportunity for both comfortable living and significant investment potential, especially with an additional plot of land that comes with planning permission for a three-bedroom home. Located conveniently near Stafford town centre, this residence is well-placed for access to local amenities, transport links, and reputable schools, appealing to a variety of buyers including families and investors. The existing structure features a practical layout comprising an Entrance Porch and Hallway leading to a Lounge, Dining Room, Kitchen, W.C., and Study on the ground floor. Upstairs offers a Master Bedroom with Dressing Room, a second bedroom, and a family bathroom. Outside, you'll find ample parking space alongside a wraparound garden with established shrubbery. The additional plot allows for extensive development options – whether to build for resale or create extended living accommodations. This property is ideal for those looking to add value through renovation or development in a desirable area of the West Midlands.

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Investment analysis

(ST17 area)

Below Market Value

This property is priced -17.5% below area average per sq ft

-17.5%
Potential saving
This Property
£228/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£230
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£373,529
10% above area average per sq ft
Potential ROI
+13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (ST17)

Area prices are falling by -3.0% over the last 12 months
3 year growth: -3.8%
5 year growth: +12.4%
Investment Disclaimer: Analysis based on ST17 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

Silkmore Lane, Stafford
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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
£1,058
Based on a loan of £210,000 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.

Stamp duty calculator

Next Steps

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