0 bed Block of flats (for sale) Lower High Street, Wednesbury WS10

£550,000
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The Online Property Agency
Sovereign Court, Graham Street, Birmingham
0121 659 2987
First Published

12th Jan 2021

Last Published

12th Jan 2021

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Description


An exciting opportunity to acquire the freehold interest in a site with planning permission for the conversion into 9 apartments, just a stone's throw from Wednesbury High Street.

The premises comprise a two-storey building of brick construction located on the prominent corner of Lower High Street and Russell Street. The property has been granted full planning permission to convert into x9 one bedroom self-contained apartments.


Location


This property is conveniently located in a highly desirable position, within minutes walk of Wednesbury High Street and all local shops, supermarkets, and ameneties. The property benefits from excellent transport links being within approx. 2 miles from the M6 motorway and the local Metro station is a short distance providing easy access to Birmingham and Wolverhampton.


Planning


DC/20/64440 - Change of use of ground floor to create 4 No. 1 bed residential units with external alterations to frontage.

DC/19/62984 - Change of use of first floor to create 5 no. 1 bed residential units.

The plans provide for x 9 one bedroom flats comprising of 1 double bedroom, open plan kitchen lounge plus separate bathroom.

Flat 1: 47.5m2 / 511.28 sqft

Flat 2: 44m2 / 473.61 sqft

Flat 3: 46m2 / 495.14 sqft

Flat 4: 47.5m2 / 511.28 sqft

Flat 5: 47.5m2 / 511.28 sqft

Flat 6: 49.5m2 / 527.43 sqft

Flat 7: 39m2 / 419.79 sqft

Flat 8: 49.5m2 / 532.81 sqft

Flat 9: 43m2 /462.85 sqft


Purchase price


Offers in the region of £550,000 exclusive are sought for the freehold interest subject to contract.


Tenure


The property is freehold and comes with Vacant Possession. Each party are to be responsible for their own legal fees incurred during this transaction

The property is currently vacant.


Viewings


Please contact The Online Property Agency for viewings.


Buyers fee


Buyer's Reservation Fee of 1.8% of The Purchase Price.

Minimum Fee £1500. T&Cs apply.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2: These particulars do not constitute part or all of an offer or contract.

3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4: Potential buyers are advised to recheck the measurements before committing to any expense.

5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;

6: No persons in the employment of The opa has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale

Misrepresentation Act 1967: The opa for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy

 

Local info for WS10

 

Property Value Data/Graphs for WS10

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Semi-detached house 38.6% £174,837 2.9 1.1
Detached house 16.3% £263,182 3.7 1.6
Terraced house 13.9% £140,962 2.7 1
End terrace house 10.4% £148,997 2.8 1
Flat 9.9% £91,075 2 1
Town house 5% £205,995 3.3 1.4
Detached bungalow 1.5% £238,333 2.3 1
Land 1.5% £233,333 1.3 1
Semi-detached bungalow 1.5% £176,667 1.7 1
Maisonette 1% £87,500 1.5 1
Bungalow 0.5% £180,000 2 0

Area Information

Average Price Paid

£142,227

Sales

2622

Current Average Value

£176,137

Value Change

£33,910 23.8%

 

Current Asking Prices in WS10 Average: £176,137

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £147,500 (2) £139,432 (37) £176,414 (109) £265,652 (23) £287,500 (4)
Flats £65,374 (4) £90,294 (17) - £200,000 (1) -
All £92,749 (6) £123,963 (54) £176,414 (109) £258,400 (25) £287,500 (4)

Nearby Properties

0 bed Land () Suttons Drive, Great Barr B43 £7,000,000
5 bed Detached house () The Orchards, Four Oaks Estate, Sutton Coldfield B74 £4,000,000
5 bed Detached house () 8 The Orchards, Four Oaks Estate, Sutton Coldfield, West Midlands B74 £4,000,000
7 bed Detached house () Ladywood Road, Four Oaks, Sutton Coldfield B74 £3,000,000
8 bed Detached house () Beech Court, Wellington Road, Edgbaston, Birmingham, West Midlands B15 £2,995,000
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