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Grasmere Close, Priorslee TF2

West Midlands

£350,000

Listed on 21/06/2026

Property details

Bedrooms
3
Type
Detached
Area
1023 sqft

Description

This three-bedroom detached bungalow in Priorslee, Telford, presents an excellent opportunity for investors or renovators looking to enhance a solid foundation. Currently in good condition, the property features a practical layout with spacious single-storey living. With attractive mature gardens and ample parking, it holds great potential for personalization and improvement. Inside, the bungalow comprises two well-sized reception rooms, a conservatory that overlooks the gardens, and a fitted kitchen that offers direct access to outdoor space. The three double bedrooms are equipped with built-in wardrobes, ensuring sufficient storage. The main bedroom includes an en-suite bathroom for added convenience, while the primary bathroom boasts a walk-in shower enclosure. The external areas feature a double garage with an electric roller shutter door and beautifully landscaped wrap-around gardens showcasing established plants and two patio spaces. This setting provides privacy and opportunities for outdoor enhancements. Located in the desirable Priorslee area known for its green spaces and lakeside walks, this property is close to local amenities such as schools and shops. Excellent transport links further enhance its appeal, connecting residents to Birmingham and surrounding areas within 40 minutes. For those looking to invest or renovate for personal use, this bungalow offers substantial prospects to create additional value through upgrades or adaptations in line with modern living standards.

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Investment analysis

(TF2 area)

Above Market Value

This property is priced +33.9% above area average per sq ft

+33.9%
This Property
£342/sq ft
Area Average
£256/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£287,627
10% above area average per sq ft
Potential ROI
-26.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (TF2)

Area prices are falling by -7.2% over the last 12 months
3 year growth: -3.2%
5 year growth: +10.8%
Investment Disclaimer: Analysis based on TF2 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

Grasmere Close, Priorslee TF2
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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
£1,322
Based on a loan of £262,500 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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