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121, High Street, Bromsgrove, Worcestershire, B61 - Image 1
121, High Street, Bromsgrove, Worcestershire, B61 - Image 2
121, High Street, Bromsgrove, Worcestershire, B61 - Image 3
121, High Street, Bromsgrove, Worcestershire, B61 - Image 4

121, High Street, Bromsgrove, Worcestershire, B61

West Midlands

£195,000
Listed on 27/06/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property is situated in a vibrant, pedestrian-friendly area of Bromsgrove, a market town known for its affluence and community charm. The presence of regular market stalls on the High Street enhances foot traffic, making this location favorable for various commercial activities. Nearby businesses include well-known retailers such as Peacocks, Argos, and Specsavers, along with local favorites like Coffee#1 and The Slug & Lettuce, creating a diverse shopping environment. The building itself is a distinctive structure with historical character, originally serving as offices and most recently occupied by the Post Office. Dating back to the mid-19th century, it offers unique architectural features that could be preserved or transformed through renovation. The layout spans three floors—ground, first, and second—with each level containing multiple rooms that provide flexibility for redesign and repurposing. While the property requires comprehensive updating and modernization, this presents an exciting opportunity for an investor or developer to implement their vision. The potential uses for this space are broad; located within a Conservation Area, it may be suitable for various functions including retail, office space, leisure facilities, or health services. Notably, planning consent has already been granted for a change of use from A1 retail to D1 (dentists), alongside approved internal and external alterations. Access to car parking for three vehicles is available in the shared rear yard off Market Street, adding convenience for both visitors and staff. While there are some restrictions on certain use classes like restaurants or pubs due to a restrictive covenant, the property's versatility remains high. With careful renovation tailored to market needs, this property could become a valuable asset in an evolving commercial landscape. In totality, the property offers approximately 2,140 sq ft (199 sq m) of internal space across its three levels: 1,070 sq ft (99 sq m) on the ground floor; 817 sq ft (76 sq m) on the first floor; and 253 sq ft (25 sq m) on the second floor. This creates ample room for creative redevelopment opportunities that could significantly enhance its value in this thriving community setting.

Investment Analysis

(B61 area)
Area Average
£308/sq ft
Avg Rent (weekly)
£225
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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
25%
Properties sold annually

Local Market Trend (B61)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 0.6%
5 year growth: 10.1%
Investment Disclaimer: Analysis based on B61 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

121, High Street, Bromsgrove, Worcestershire, B61
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£714
Based on a loan of £146,250 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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