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Mill Street, Prees SY13

West Midlands

£200,000

Listed on 04/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
797 sqft

Description

This two-bedroom end terraced home, nestled in the desirable village of Prees, presents an excellent opportunity for buyers keen on renovation and investment. The property has great potential, making it appealing to first-time buyers or investors looking to add value. While the interior would benefit from general updating, it offers a solid foundation to create a personalized living space. The well-structured layout includes an entrance porch and small hallway leading to a living room and a dining kitchen. A double-glazed conservatory at the rear adds extra space for relaxation or entertaining. The upper floor consists of two bedrooms and an office/store that could serve as a small third bedroom, along with a refitted bathroom. Externally, the property is complemented by off-road parking for two vehicles and a private garden at the back. Located within a community-oriented village full of amenities and convenient transport links, this home stands out as a prime candidate for those looking to enhance their investments.

Investment Analysis

(SY13 area)

Below Market Value

This property is priced -5.7% below area average per sq ft

-5.7%
Potential saving
This Property
£251/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£205
Avg Yield
2.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£233,290
10% above area average per sq ft
Potential ROI
+6.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SY13)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -3.4%
5 year growth: +12.3%
Investment Disclaimer: Analysis based on SY13 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

Mill Street, Prees SY13
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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
£756
Based on a loan of £150,000 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

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