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307 & 308 Long Lane, Halesowen, B62 9LB

West Midlands

£180,000Guide Price

Listed on 22/07/2026

Property details

Bedrooms
2
Type
Commercial Property
Area
1053 sqft

Description

This freehold mixed-use property presents a noteworthy opportunity for renovation and investment. Located prominently on Long Lane in Halesowen, the premises encompass approximately 110 sqm of double-fronted space that currently hosts a ground floor retail unit alongside a self-contained two-bedroom flat (around 65 sqm) above, both requiring comprehensive refurbishment. The property offers potential for significant value uplift through strategic renovations, including the possibility to convert the ground floor into two distinct retail or commercial units. Additionally, revamping the spacious flat could yield an attractive residential rental or resale prospect. This asset is ideal for investors, developers, or owner-occupiers aiming to enhance rental yield and overall value within an established residential and commercial area. The locality benefits from high foot traffic and easy access to local amenities, making it appealing for both commercial tenants and residential occupants. Given its scope for development, this property is positioned well for those seeking to capitalize on its full potential.

Investment analysis

(B62 area)

Below Market Value

This property is priced -42.5% below area average per sq ft

-42.5%
Potential saving
This Property
£171/sq ft
Area Average
£297/sq ft
Avg Rent (weekly)
£247
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£344,073
10% above area average per sq ft
Potential ROI
+22.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (B62)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +2.6%
5 year growth: +13.4%
Investment Disclaimer: Analysis based on B62 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

307 & 308 Long Lane, Halesowen, B62 9LB
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£680
Based on a loan of £135,000 over 30 years at 4.45% 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

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