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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-storey retail space presents a notable refurbishment opportunity situated in the heart of the town centre. The ground floor boasts approximately 436 sq. ft. (41 sq.m.) of prime shop area, complemented by two additional stores measuring around 125 sq. ft. (12 sq.m.) and 56 sq. ft. (5 sq.m.). The first and second floors consist of ancillary office spaces and storage, making them ideal candidates for conversion into residential units, subject to obtaining the necessary planning consents. Access to these upper levels is conveniently provided via a separate staircase from the front porch entrance. Additionally, the property features brick built stores at the rear, enhancing its potential for development. An energy performance rating is to be confirmed.

Investment Analysis

(DY8 area)
Area Average
£283/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DY8)

Area prices are stable by -0.3% over the last 12 months
3 year growth: +2.1%
5 year growth: +19.5%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£680
Based on a loan of £135,000 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

This calculation uses non-residential (land/commercial) tax rates.

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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