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Land at Prospect Row and New Bond Street, Dudley, DY2 8NP - Image 1
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Land at Prospect Row and New Bond Street, Dudley, DY2 8NP - Image 3
Land at Prospect Row and New Bond Street, Dudley, DY2 8NP - Image 4
Land at Prospect Row and New Bond Street, Dudley, DY2 8NP - Image 5

Land at Prospect Row and New Bond Street, Dudley, DY2 8NP

West Midlands

£280,000
Listed on 30/03/2026

Property Details

Bedrooms
N/A
Type
Commercial Development

Description

This freehold property presents a rare development opportunity in the heart of Dudley, extending over approximately 0.229 acres. With approved planning permission for the demolition of existing structures, investors can realize a vision for a residential scheme comprising 14 apartments—8 one-bedroom and 6 two-bedroom units—which align well with local market demands. The site is ideally located close to Dudley town centre, offering residents easy access to a variety of retail and leisure amenities, as well as strong public transport links to Birmingham and Wolverhampton. The area is currently undergoing significant regeneration, enhancing its attractiveness and potential value. Prospective buyers are encouraged to explore additional uses for the property by consulting with Dudley Metropolitan Borough Council regarding planning options. Note that VAT applies to the sale price, and each party will bear their own legal costs during this transaction.

Investment Analysis

(DY2 area)
Area Average
£227/sq ft
Avg Rent (weekly)
£219
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (DY2)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +9.9%
5 year growth: +29.3%
Investment Disclaimer: Analysis based on DY2 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

Land at Prospect Row and New Bond Street, Dudley, DY2 8NP
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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
£1,010
Based on a loan of £210,000 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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