Freehold plot with planning consent for shops and four flats, ready for redevelopment.
Outline planning for 2 retail units and 4 apartments (25/00342/OUT)
An unmissable development opportunity in the heart of Wednesfield, offered freehold with outline planning (25/00342/OUT) for two ground-floor retail units and four flats (2 x two-bed, 2 x one-bed). The site sits to the rear of 20 High Street with direct access off Nicholls Fold and currently functions as car parking, making it suitable for a straightforward build-out to meet local town-centre demand.
This lot will suit developers or investors seeking a central, high-footfall location with a large plot and modern architectural plans already prepared. Fast broadband and excellent mobile signal support rental demand and commercial use, while nearby amenities and multiple schools provide local convenience for future residents.
Buyers must be clear-eyed about material negatives: the area is classed as very deprived with very high recorded crime, which will affect lettings, management and insurance costs. The property is sold at auction under unconditional terms; contracts are binding on fall of the hammer and purchasers must pay a 5% deposit (minimum £5,000) plus a non-refundable buyers’ fee (3.6%, min. £3,000 inc. VAT). Inspect the legal pack and City of Wolverhampton planning portal before bidding.
This is a value-led lot for those able to manage town-centre regeneration risks. With planning in place and a substantial plot, it offers scope for a quick conversion to mixed-use income or a short-term hold for resale once completed.
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