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West Midlands
£180,000
Listed on 24/09/2026
Listed on 24/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This detached two-bedroom bungalow in Exhall presents a compelling chance for buyers looking to acquire a property with potential for modernization. The asking price of £180,000 is notably cheap at £260/sqf, significantly below the local average of £311/sqf, making it an attractive entry point for those looking to invest in a project. While the overall condition is dated with signs of aging throughout, the property offers a well-kept exterior and functional spaces, including a good kitchen and bathroom, ready for your personal touch.
The medium refurbishment scope, estimated between £40,000 and £60,000, allows for considerable improvements to enhance both the accommodation and overall value. The garden, while requiring some attention, holds potential for outdoor enjoyment, and the property's location provides convenient access to local amenities and transport links. With no onward chain, this bungalow is not just a project but a blank canvas waiting for your vision.
On the economics, works of around £50,000 on top of purchase push all-in figures towards £230,000 — roughly 6% above what comparable floor area achieves locally in current condition. The project can still appeal to the right buyer, yet the numbers are not exceptional.
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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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