Ex-pubs could make great homes – with a bit of licence

Ex-pubs could make great homes – with a bit of licence

Black Country house hunters are being offered the chance to turn their “local” into their home.

A number of former pubs are among a host of properties going under the hammer at the latest SDL Bigwood auction taking place on Thursday, June 28, beginning at 11am in the Holte Suite, Aston Villa FC, Villa Park, Birmingham. There are 103 lots which includes 12 residential investment properties.

Colin Totney, a director of the Midlands estate agents and auctioneers, said: “There remain increasing numbers of redundant pubs arriving on the market.

“Typically, they can either be turned into attractive family properties or demolished and redeveloped.”

The former Freebodies Tavern, 69 St John’s Road, Dudley, has the potential for redevelopment and is available at £170,000.

The former Hill Tavern, 72 Watsons Green Road, Dudley, has planning permission for demolition and the erection of eight new dwellings along with a detached garage block – the guide price is £200,000.

The George Gallagher, Church Street, Brierley Hill, in need of refurbishment, is on the market at just £50,000.

And the former Lea Manor Hotel, Holyhead Road, Albrighton, with planning permission for two homes on a site of about 1.4 acres, has a guide price of £400,000.

Other commercial properties available are 15-17 Coventry Street, Kidderminster, a former bank, guide price £190,000; and 70 King Street, Dudley, a one-time motor trade premises, £150,000-£175,000.

Meanwhile a stack of other residential opportunities are led by surely the biggest snip of all – a freehold detached three bedroom house at 233 Coleman Street, Wolverhampton, with a guide price of £28,000-£34,000, albeit it is in need of complete renovation.

Four bedroom detached, 22 View Drive, Dudley, has a low guide of £94,000-£98,000; a development site at 155 Stourbridge Road, Holly Hall, Dudley, has planning for one detached and eight semi-detached properties, guide £275,000; a refurbished duplex three bedroom apartment at 70 Suffrage Street, Smethwick, can be picked up for the very low guide of £48,000-£50,000; and investment opportunity, 154 Windmill Lane, Smethwick, five flats with a current gross income of £13,639.20 per annum, is available at £120,000.

Mr Totney added: “Vendors are increasingly being highly realistic about asking prices, agreeing very tempting guides.

“For anyone struggling to get on the housing market, and prepared to get their hands dirty doing some improvements, the deals that can be picked up are amazing.

“And for investors looking to put money into property there are equally interesting possibilities.”