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LOWER HIGH STREET , STOURBRIDGE  DY8 - Image 1
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LOWER HIGH STREET , STOURBRIDGE DY8

West Midlands

£180,000
Listed on 16/05/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This three-story retail property presents a unique opportunity for renovation and investment within the town center. The premises encompass approximately 436 square feet of ground floor retail space, alongside two additional store areas measuring about 125 square feet and 56 square feet, respectively. On the upper levels, there are ancillary offices and storage spaces that could be ideal for conversion into residential units, pending necessary permissions. The property features a separate access staircase from the front porch, enhancing its potential for a mixed-use development. Further emphasizing its value is the presence of brick-built storage facilities located at the rear, offering additional utility or potential leasing opportunities. With strategic renovations, this property could attract a variety of tenants or homeowners looking for convenient access to local amenities. Given its location in the town center, investing in this property could lead to substantial returns on investment as demand for multifaceted spaces continues to grow.

Investment Analysis

(DY8 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£18,000 - £45,000
10-25% of property value
Monthly Sales
48
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (DY8)

Area prices are rising by +3.3% over the last 12 months
3 year growth: 6.4%
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. 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

LOWER HIGH STREET , STOURBRIDGE DY8
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