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Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 1
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 2
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 3
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 4
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 5
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 6
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 7
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 8
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 9
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 10
Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB - Image 11

Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB

West Midlands

£747,500
Listed on 16/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold property presents a notable opportunity for renovation or development, situated in an established area with significant investment potential. Dating back to the 1800s, this two-story office building spans approximately 11,559 sq. ft. (1,074.25 sq m) and is arranged into a series of self-contained office suites across the ground and first floors. The flexible layout allows for various uses subject to necessary approvals, including conversion into residential units, leisure facilities, educational spaces, or healthcare services. Set on a sizable plot of 0.395 acres (0.16 hectares), the building features essential amenities such as multiple offices on both levels, meeting rooms, a boardroom, and kitchen facilities. The ground floor includes a reception area, 10 offices, restrooms for both genders, and a plant room with lift access to the upper level. On the first floor, you will find an additional 19 offices along with storage space. Externally, parking availability on two sides of the property enhances its functionality and accessibility for clients and employees alike. Located at the intersection of Booth Street and Queen Street just off the A454 Black Country Route, this site benefits from excellent transport links to the wider West Midlands region via junctions 9 and 10 of the M6 motorway. Its proximity to major retail destinations like IKEA adds to its appeal. Wednesbury itself is well-positioned between Wolverhampton and Walsall—approximately one mile from Walsall town center and just over two miles from Wolverhampton city center. The property is being offered freehold with vacant possession upon completion. All mains services are installed, including gas central heating; however, prospective buyers should conduct their own inquiries regarding service suitability for their intended purposes. Given its solid construction, strategic location, and varied usage possibilities, this property offers an attractive proposition for those looking to invest in renovation projects within a growing market area.

Investment Analysis

(WS10 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£200
Avg Yield
4.3%

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
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (WS10)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 5.1%
5 year growth: 33.7%
Investment Disclaimer: Analysis based on WS10 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

Innovation Works, 1 Booth Street, Wednesbury, West Midlands, WS10 8JB
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,738
Based on a loan of £560,625 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