7 & 9 High Oak, Pensnett, Brierley Hill
Sold STC - 375,000

Potential Yield:

A site with some demolition required for 10 units with lapsed planning (application number P13/1270) with access off Victoria Street, Pensnett, DY5 4LA. The previous scheme had consent for 6 No. 2 bed terraced houses from 605 sq ft up to 705 sq ft and 4 No. 2 bed semi detached at approximately 790 sq ft all with allocated parking. Plot 10 has the benefit of a garage. The area outlined in blue is not suitable as a vehicular access for a small housing estate and the track is not a part of the red line application site. The other access is from Victoria Street and comprises a set of corrugated gates that adjoin the highway.

Up to date market values are as follows:
Plot 1 and 3 - 119,000
Plot 2 - 115,000
Plot 4, 5, 6 and 7 - 149,000 (semis)
Plot 8 - 130,000
Plot 9 - 135,000
Plot 10 - 145,000 (with garage)

GDV = 1,359,000

All buyers must satisfy themselves by conducting their own SI and mining report plus any other relevant investigations.

For further details contact Simon on 01384 379450 option 1.

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Lex Allan Stourbridge
The Auction House
87 - 88 St. Johns Road, Stourbridge
West Midlands, DY8 1EH

Tel: 01384 374888
Email: info@lexallan.co.uk

Lex Allan Stourbridge