144 -147 Lichfield Street, Walsall, Walsall, WS1 1SE
West Midlands
£390,000Guide Price
Listed on 11/11/2026
Listed on 11/11/2026
The listing
Property details
Bedrooms
12Type
Commercial DevelopmentArea
542 sqftDescription
Offered at auction, this Grade II listed Victorian town-centre building in Walsall comprises three ground-floor retail units and 12 flats on the upper floors, understood to be 10 one-bedroom flats and two studios. The building is around 500 metres from Walsall railway station and is accessible from the A4148.
The three shops are described as a takeaway unit, a central retail unit and a former bridal shop. The takeaway is let on a 15-year term that began in November 2017, at a stated rent of £13,800 per annum. The remaining parts of the property are understood to be vacant, and the building is described as requiring refurbishment.
The accommodation areas are provided as guidance only, and the agent has not inspected the property. Buyers should consult the legal pack for further information, including the EPC, and verify the accommodation, condition, tenancy details and requirements associated with the listed status.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
29out of 100
Grade ELow opportunity
Confidence: MEDIUM
The ornate Grade II listed Victorian frontage and the mix of three retail units with 12 flats make this a distinctive, substantial conversion and refurbishment project. The photographed interiors show damaged and stained finishes, worn floors, debris and displaced ceiling panels, so this is a heavy programme rather than a cosmetic refresh. The £390,000 guide equates to £720 per sq ft against a local average of £194, making the price look very dear; bidding can take the hammer above the guide, so the eventual price may be higher still. With substantial works to undertake, the purchase price plus a mid-to-substantial works programme also leaves costs stretched against local benchmarks for this floor area, rather than indicating a post-works value.
Limited photo coverage means the renovation estimate is further provisional.
Key opportunities
- The three retail units and 12 flats offer scope to improve a sizeable mixed-use building while retaining its prominent Victorian street character.
- A heavy interior programme gives a buyer the opportunity to rework and renew the photographed spaces, including the worn finishes and damaged wall surfaces.
- The property is understood to be mostly vacant, leaving room to consider how the residential and retail parts could be improved and brought into use.
Key risks
- Stripped and damaged finishes, worn floors, passage debris and displaced ceiling panels point to a substantial multi-area programme; allow for a longer, more involved job than a cosmetic refresh.
- At the guide price, the purchase plus a mid-to-substantial works programme looks stretched against local benchmarks for a building of this floor area.
- Budget carefully — economics look thin after allowing for the asking price and a non-cosmetic works programme — roughly 73% above what comparable floor area achieves locally in current condition. Finished value after works is not modelled here.
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Transport
Nearest stations
Walsall Rail Station
0.3 miles
Train · Walsall
Bescot Stadium Rail Station
1.6 miles
Train · Bescot
Darlaston Rail Station
1.9 miles
Train · Darlaston
Tame Bridge Parkway Rail Station
2.3 miles
Train · Tame Bridge
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,594
Based on a loan of £292,500 over 30 years at 5.13% 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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Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
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