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West Midlands
£300,000
Listed on 08/09/2026
Listed on 08/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom semi-detached home on Spies Lane offers a solid foundation for buyers looking to invest in a project. While the asking price of £300,000 is slightly above the local average at £330/sqf compared to £297/sqf, it provides an opportunity to enhance and personalize the interiors. The property features some dated elements, particularly in the functional kitchen, and general wear in the living areas and bedrooms, allowing for a straightforward renovation project that could add significant value. The presence of off-road parking and a private rear garden with a separate outbuilding adds appeal, particularly for those looking to establish a home office or creative space.
However, the economics of the deal present a challenge. The all-in costs, estimated at £360,000 factoring in refurbishment, stretch beyond local benchmarks for similar properties, leading to a potential margin squeeze. This aspect should be carefully considered, as it limits the overall opportunity. Despite these concerns, the property is well-positioned in a desirable area, making it an interesting option for buyers willing to invest in improvements.
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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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