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HIGH STREET, WOLLASTON, STOURBRIDGE DY8

West Midlands

£200,000
Listed on 24/10/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This two-story retail property presents a unique opportunity for renovation and development, offering significant potential for investors and developers looking to create something new in a vibrant location. The building features frontages on both High Street and Wood Street, making it accessible and visible to foot traffic from multiple directions. The interior requires a complete refurbishment, allowing for customization to fit various business needs or residential conversion, subject to necessary approvals. Additionally, there is an adjoining yard that can enhance the property's functionality or serve as additional outdoor space. Located in a bustling area, this property benefits from its proximity to local amenities and established businesses, providing a solid foundation for future success. With thoughtful redevelopment, this building could transform into a prime commercial space or mixed-use development, aligning with the growing demand in the area. This is an excellent opportunity for those looking to invest in a property with substantial potential for appreciation and impact.

Investment Analysis

(DY8 area)
Area Average
£280/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DY8)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 6.7%
5 year growth: 29.7%
Investment Disclaimer: Analysis based on DY8 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

HIGH STREET, WOLLASTON, STOURBRIDGE DY8
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE