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The Old Smithy, Shaw Lane, Albrighton WV7 - Image 1
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The Old Smithy, Shaw Lane, Albrighton WV7 - Image 5

The Old Smithy, Shaw Lane, Albrighton WV7

West Midlands

£175,000
Listed on 29/10/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
912 sqft

Description

This property, historically functioning as 'The Old Smithy', presents a unique opportunity for residential transformation. Currently in a state of disrepair, the former blacksmith's barn is ripe for renovation and offers significant potential for conversion into a livable space, pending appropriate planning permissions. The building features sturdy stone and brick construction with a traditional pitched timber frame and slate roof, encompassing a solid concrete floor and multiple access points through four double doors along the front. On the exterior, there's a tarmacadam area suitable for parking two vehicles, alongside an enclosed plot of land that could serve as a garden. Previously granted planning permission remains unimplemented, allowing for an ambitious redevelopment plan to create a two-bedroom dwelling. This proposed design includes well-thought-out spaces such as a hallway, kitchen/diner, master bedroom with en-suite bathroom, second bedroom with family bathroom, and an extension to enhance living area capacity that opens up to the outdoor space. Investors and developers will appreciate the potential that this property holds in the vibrant West Midlands region.

Investment Analysis

(WV7 area)

Below Market Value

This property is priced -38.6% below area average per sq ft

-38.6%
Potential saving
This Property
£192/sq ft
Area Average
£313/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£313,600
10% above area average per sq ft
Potential ROI
+6.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
90%
Properties sold annually

Local Market Trend (WV7)

Area prices are stable by +1.1% over the last 12 months
3 year growth: +7.1%
5 year growth: +18.6%
Investment Disclaimer: Analysis based on WV7 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

The Old Smithy, Shaw Lane, Albrighton WV7
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£631
Based on a loan of £131,250 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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