Offices could become homes following SDL Bigwood auction

Offices could become homes following SDL Bigwood auction

The potential to re-use redundant buildings to ease the

West Midlands housing shortage remains huge, according to Jonathan Hackett, director and joint head of auctions at agents SDL Bigwood.

His comments came ahead of the firm’s next auction at 11am on Thursday, September 6, in the Holte Suite at Aston Villa FC.

A total of 116 lots are set to go under the hammer and the number of commercial buildings with the potential to be switched into residential is striking.

Mr Hackett said: “New homes out of old buildings are certainly one of the ways in which housing needs can be addressed.

“We see the potential and opportunity in some many properties we put up for sale and with the staggering number of eager buyers attending our auctions many others clearly have the same outlook.

“Redevelopment, where appropriate, for residential has to be good for the West Midlands and those in its housing queues.”

A typical Birmingham example is 4 Park Avenue, Hockley, a substantial three storey property previously used as offices, but which has planning permission for residential use. There is a guide price of £180,000-£200,000.

No 7 Elmdon Road, Marston Green, is another – a vacant detached residence formerly used as a bed and breakfast, it currently has six bedrooms but planning exists to convert it into four self-contained flats, one three-bedroom, two two-bedroom and one one-bedroom. The guide price is £225,000-£245,000.

And it is the same story in other parts of the region.

In the Black Country, Harvington House, 10 Parsons Street, Dudley, a freehold office/storage building has planning permission for a conversion/extension to provide eight apartments. Guide price is £65,000-£70,000.

Similarly, the former Lea Manor Hotel, Holyhead Road, Albrighton, is a development opportunity with planning permission for change of use, including part-demolition and modifications, to create two homes on a site of about 1.4 acres. It has a guide price of ?300,000.

And Systems House, 112a Alcester Road, Studley, Warwickshire, a freehold barn conversion currently used as offices, is considered suitable for a variety of uses including residential – it is on offer at £225,000-£250,000.

Also coming up at the auction is an amazing variety of houses and flats, including substantial detached properties, neat semi-detached homes and terrace bargains.

The detached take in 36 Highgate Drive, Walsall, guide price £194,000-£198,000 and 6 Tynings Lane, Aldridge, guide price £158,000-£163,000, both enjoying four bedrooms.

No 76 Lichfield Road, Walsall, is a substantial freehold dormer bungalow in need of renovation, guide price in excess of £175,000.

Semis include 20 Marsham Road, Kings Heath, Birmingham, a three-bedroom with a guide price of £68,000-£73,000; 138 Woodlands Park Road, Bournville, renovated throughout and situated within Bournville Village Trust, guide price £195,000-£205,000; 17 Grove Road, Solihull, current gross income £7,800 per annum, guide price £150,000-£160,000; and 117 Gillott Road, Edgbaston, converted into seven bed-sitting rooms, guide price £185,000-£195,000.

There are some nice cottages – 2 Severn Cottages, Quatford, near Bridgnorth, guide price £158,000-£163,000, has three bedrooms, (the master bedroom has a dressing room and en-suite shower); Malthouse Cottage, Old Road, Meriden, has development potential and a guide price in excess of £150,000; and for train buffs everywhere there is Station Master’s Cottage, 24 Station Road, Hednesford, a freehold investment property, with current gross income of £5,748 per annum and a guide price of £55,000-£65,000.

Meanwhile there are flats galore.

Flat 3, Block 6, Meadow Close, off Meadow Road, Harborne, is a vacant leasehold apartment, guide price £78,000-£82,000; Flat 6, 64 Church Road, Moseley, is a second floor apartment, guide price ?67,000-?69,000; and there are six available at Arlington House, 15 St Augustines Road, Edgbaston, attached to a period house conversion, standing in communal grounds and each with a guide price of £60,000-£65,000.