Lichfield Street, Bilston

West Midlands

£120,000Guide Price

Listed on 01/07/2026

Property details

Bedrooms

Type

Flat

Area

1494 sqft

Description

This property presents an exciting opportunity for investors or those looking to undertake a renovation project. Situated on Lichfield Street in Bilston, it features a ground floor barber shop complemented by a two-bedroom apartment above. The premises are currently in need of refurbishment, which provides the potential to create a functional living space while revitalizing the commercial aspect below. With its prime location and dual-use capability, this property could be transformed into a vibrant business and residential combination. Viewings are encouraged to appreciate the full potential of this investment.

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Investment analysis

(WV14 area)

Below Market Value

This property is priced -64.6% below area average per sq ft

-64.6%

Potential saving

This Property

£80/sq ft

Area Average

£227/sq ft

Avg Rent (weekly)

£221

Avg Yield

4.9%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£30,000 - £50,000

Target Value

£372,641

10% above area average per sq ft

Potential ROI

+119.2%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

17%

Properties sold annually

Local Market Trend (WV14)

Area prices are rising by +2.4% over the last 12 months

3 year growth: +10.1%

5 year growth: +21.5%

Investment Disclaimer: Analysis based on WV14 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

Lichfield Street, Bilston

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Mortgage calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments

£453

Based on a loan of £90,000 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.