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Mill Lane, Great Alne

West Midlands

£150,000Guide Price

Listed on 28/08/2026

The listing

Property details

Bedrooms
3
Type
Barn Conversion

Description

This unique opportunity presents a Grade II listed barn with full planning permission for conversion into a residential dwelling. Set within the picturesque surroundings of Great Alne, the property is ideally located next to the charming Great Alne Mill. The approved plans allow for a conversion into a home featuring two to three bedrooms, three bathrooms, and an open-plan dining kitchen, snug/study, and lounge, all spread over two stories. With a garden area overlooking the River Alne and private parking included, this project is perfect for those looking to transform a historic building into a modern residence. The barn's character and idyllic countryside setting make it an attractive proposition for potential buyers. The property is freehold and will be sold at public auction on Tuesday, 13th October 2026, with vacant possession expected upon completion. Prospective buyers are encouraged to review the auction pack for further details on planning permissions and conditions.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

56out of 100
Grade DWeak opportunity

Confidence: LOW

This Grade II listed barn represents a unique opportunity for those looking to undertake a significant renovation project. With full planning permission already in place for conversion into a residential dwelling, the potential here is substantial. Envision transforming this historic structure into a charming home with two to three bedrooms, three bathrooms, and an open-plan living space. The idyllic countryside setting beside the River Alne adds further appeal, providing a picturesque backdrop to your future home.

However, be prepared for a heavy renovation scale, as the property shows visible signs of neglect and structural issues. The interior and exterior conditions are poor, indicating that extensive refurbishment will be required. While the asking price of £150,000 is notably below the local average, reflecting a cheap headline price, the overall investment will likely rise significantly with renovation costs ranging from £100,000 to £250,000. Keep in mind that the eventual sale price may exceed this guide, especially given the potential bidding activity at auction.

Key opportunities

  • Transform a historic Grade II listed barn into a unique residential home with character.
  • Create a charming open-plan living space that maximizes the scenic views across the River Alne.
  • Utilize the already approved planning permission to develop a property that includes two to three bedrooms and three bathrooms.

Key risks

  • Stripped interiors and a £100,000–£250,000 works budget make this a full-gut programme, not a refresh.
  • Visible signs of neglect and potential structural issues could present further complications during renovation.

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Map

Location

Mill Lane, Great Alne
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£567
Based on a loan of £112,500 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.

Tax

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Indicative tax based on the asking price and the options you select.

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