Worst House on the Street Logo
Development Opportunity, School Close, Codsall, WV8 1SW - Image 1
Development Opportunity, School Close, Codsall, WV8 1SW - Image 2
Development Opportunity, School Close, Codsall, WV8 1SW - Image 3

Development Opportunity, School Close, Codsall, WV8 1SW

West Midlands

£250,000
Listed on 02/12/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This presents a remarkable opportunity to acquire a prime plot of land located in Codsall, complete with planning permission for the construction of a substantial three-storey, five-bedroom detached home featuring a double garage. Nestled in a respected area just off Elliotts Lane, this plot benefits from proximity to the village center, which boasts a comprehensive range of shopping and leisure options. Excellent transport links are also nearby, including bus services and local rail connections at Codsall Station, as well as straightforward access to the M54 via Junction 2. Codsall is well-regarded for its educational institutions, making this site particularly appealing given its close distance to Codsall High School and the Leisure Centre. The corner plot at School Close offers approximately 2,400 square feet of future living space. The proposed design includes a versatile ground floor layout with a hall, guest cloakroom, sitting room, study, open plan kitchen/dining/family room, and utility area. The first floor accommodates multiple bedroom suites along with additional family bath/shower facilities, while the principal suite occupies the second floor. With all essential mains services available and low flood risk indicated by local data, this freehold property offers tremendous potential for investment or personal development. Whether looking to build your dream home or capitalize on the growing demand in this desirable locale, this opportunity warrants consideration.

Investment Analysis

(WV8 area)
Area Average
£293/sq ft
Avg Rent (weekly)
£239
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (WV8)

Area prices are rising by +5.0% over the last 12 months
3 year growth: 7.7%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on WV8 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

Development Opportunity, School Close, Codsall, WV8 1SW
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Similar Properties