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Conversion Opportunity To 15 Flats, Walsall, WS3 - Image 1
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Conversion Opportunity To 15 Flats, Walsall, WS3

West Midlands

£499,999
Listed on 17/02/2026

Property Details

Bedrooms
15
Type
Detached house

Description

This notable detached building, originally designed for commercial use, presents a valuable opportunity for redevelopment on Leamore Lane, Walsall. Constructed in 1972, the property features approximately 3,200 square feet of internal space and has received Prior Approval for conversion into 15 self-contained residential apartments. The proposed layout includes 11 one-bedroom units, along with 2 two-bedroom units and 2 studio apartments, facilitating an efficient transition from commercial premises to much-needed housing units. Situated within a mixed-use area that boasts excellent connectivity to local amenities, schools, and public transport links, this property is well-positioned to meet the growing demand for residential accommodation in Walsall. Investors and developers can leverage the existing planning approval to create a modern residential complex that aligns with the area's evolving landscape. The freehold property is available with vacant possession, allowing for immediate development efforts to commence.

Investment Analysis

(WS3 area)
Area Average
£240/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
67%
Properties sold annually

Local Market Trend (WS3)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +8.8%
5 year growth: +36.3%
Investment Disclaimer: Analysis based on WS3 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

Conversion Opportunity To 15 Flats, Walsall, WS3
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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
£1,803
Based on a loan of £374,999 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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