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LOWER HIGH STREET , STOURBRIDGE DY8

West Midlands

£180,000
Listed on 30/11/2022

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)

Description

This three-story retail property, situated in the heart of the town center, presents a promising opportunity for refurbishment and potential development. The ground floor shop spans approximately 436 sq. ft. (41 sq.m.), complemented by two additional storage areas (125 sq. ft. and 56 sq. ft.) that offer versatility for various uses. The upper levels feature ancillary office and storage space, which could be converted into residential units, pending necessary planning approvals, given the access via a separate staircase from the front porch. Furthermore, there are brick-built stores located at the rear of the property. With its central location and multiple conversion possibilities, this property is ripe for investment with significant potential.

Investment Analysis

(DY8 area)
Area Average
£286/sq ft
Avg Rent (weekly)
£245
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
75%
Properties sold annually

Local Market Trend (DY8)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +1.8%
5 year growth: +23.7%
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

LOWER HIGH STREET , STOURBRIDGE DY8
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% 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.

Price History

-10.0% since listed
£180,000£20,000(-10.0%)
15/05/2023
Current price
£200,000Initial listing
30/11/2022

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