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Commercial or residential development opportunity

Kingswinford, DY6 - Get Access

Description

A freehold detached property offered with vacant possession upon completion, located along Market Street, Kingswinford. The property is in need of renovation and has substantial scope to add value. We feel the building would lend itself well for both commercial or residential use owing to the location. Situated on Market Street in the popular town of Kingswinford, this property enjoys a convenient position close to a good range of everyday amenities and local facilities. Kingswinford provides a well-established community with a selection of shops, cafés, restaurants, pubs and essential services, with further retail and leisure facilities available in the surrounding area. The property is also well placed for access to local schools and green spaces, making the area appealing to families and professionals alike. Nearby Wall Heath provides additional amenities and places to eat, while the wider West Midlands area offers a broad choice of shopping, leisure and employment opportunities. For commuters, the location provides convenient road links towards Dudley, Stourbridge, Wolverhampton and the wider West Midlands, with Birmingham also accessible for employment and leisure. The surrounding area combines the convenience of established local amenities with the character and community feel of a traditional Black Country town.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 872 sq ft (EPC)

Valuing this detached bungalow and potential mixed-use building on Market Street requires careful consideration of its poor condition and extensive modernisation requirements. Drawing upon local West Midlands residential benchmarks and the 872 sq ft internal floor area from the EPC, we establish an unadjusted market value before applying a direct deduction for the £35,000 to £50,000 refurbishment outlay needed to bring the property up to a habitable standard.

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