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Conversion Opportunity To 15 Flats, Walsall WS3

West Midlands

£499,999
Listed on 15/04/2026

Property Details

Bedrooms
15
Type
Detached house

Description

This sizable former commercial building, constructed in 1972, presents a substantial opportunity for transformation located on Leamore Lane in Walsall. Spanning approximately 12,138 square feet, the property has secured Prior Approval for conversion into a total of 15 self-contained residential apartments, comprising 11 one-bedroom units, 2 two-bedroom units, and 2 studio apartments. This pre-established approval streamlines the transition process from commercial use to residential accommodations, making it an enticing prospect for developers and investors looking to meet the growing housing demand in Walsall. Nestled within a mixed-use area that boasts convenient access to local amenities, schools, and public transport links, this freehold property can be developed into a desirable residential complex. Given its potential and size, there's considerable upside for future value enhancement through effective refurbishment.

Investment Analysis

(WS3 area)
Area Average
£233/sq ft
Avg Rent (weekly)
£232
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (WS3)

Area prices are stable by +0.1% over the last 12 months
3 year growth: +7.1%
5 year growth: +30.9%
Investment Disclaimer: Analysis based on WS3 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

Conversion Opportunity To 15 Flats, Walsall WS3
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,771
Based on a loan of £374,999 over 30 years at 3.91% 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

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