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Land at, 53a Moor Street, Brierley Hill, Dudley, DY5 3SZ - Image 1
Land at, 53a Moor Street, Brierley Hill, Dudley, DY5 3SZ - Image 2
Land at, 53a Moor Street, Brierley Hill, Dudley, DY5 3SZ - Image 3
Land at, 53a Moor Street, Brierley Hill, Dudley, DY5 3SZ - Image 4
Land at, 53a Moor Street, Brierley Hill, Dudley, DY5 3SZ - Image 5
Land at, 53a Moor Street, Brierley Hill, Dudley, DY5 3SZ - Image 6
Land at, 53a Moor Street, Brierley Hill, Dudley, DY5 3SZ - Image 7

Land at, 53a Moor Street, Brierley Hill, Dudley, DY5 3SZ

West Midlands

£550,000
Listed on 31/12/2022

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold development site presents a compelling opportunity for investors and developers, boasting residential planning consent for the construction of up to 28 apartments. With the potential for an alternative scheme of 45 residential units currently under review, this triangular plot spans approximately 0.5 acres and includes a two-storey vacant office building with an internal area of about 22,500 sq ft. The site's strategic location at the intersection of Moor Street and Addison Road offers significant exposure and accessibility, being part of the gateway into Dudley town centre and close to key transport links. Additionally, the land's proximity to the Stourbridge Extension Canal enhances its appeal for various uses beyond residential, including retail or industrial applications (subject to planning). Given its current condition and existing services that have yet to be tested, there is considerable renovation potential for converting or repurposing the existing structure while capitalizing on the established planning permissions.

Investment Analysis

(DY5 area)
Area Average
£237/sq ft
Avg Rent (weekly)
£217
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
68%
Properties sold annually

Local Market Trend (DY5)

Area prices are rising by +5.7% over the last 12 months
3 year growth: +10.1%
5 year growth: +26.5%
Investment Disclaimer: Analysis based on DY5 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

Land at, 53a Moor Street, Brierley Hill, Dudley, DY5 3SZ
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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
£1,984
Based on a loan of £412,500 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.

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