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West Midlands
£45,000Guide Price
Listed on 03/09/2026
Listed on 03/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This two-bedroom terraced house presents a compelling renovation opportunity, listed at just £45,000—a notably cheap price compared to the local average of £222,373. While the property is in poor condition overall, including worn carpets and peeling paint in the living areas, significant damp in the bathroom, and an overgrown garden, these issues open the door for a creative refurbishment. The exterior brickwork is generally sound, providing a stable base for improvements. The property's layout, with a front lounge, rear kitchen/diner, and two bedrooms, allows for potential reconfiguration to enhance living space and functionality.
However, prospective buyers should be prepared for extensive refurbishment throughout, with a renovation budget estimated between £100,000 and £150,000. Stripped interiors and a substantial works budget make this a full-gut programme rather than a cosmetic refresh. Despite its challenges, the property is situated in a good location with excellent access to local amenities and transport links, making it a project worth considering for those looking to add value through a comprehensive renovation.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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