Bailey Street, West Bromwich

Under Offer
£899,950 OIRO
  • Ref: 1000_RS0615
  • Type: Land
  • Availability: Under Offer
  • Bedrooms: 10
  • Bathrooms: 10
  • Reception Rooms: 10
  • Tenure: Freehold
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Property Summary

Joint Venture Opportunity ** Subject to Offer Acceptable ** Soft Provisions Made to local Council ** Feasibility Projected on GDV Provided at £4,700,000.**

Full Details

Joint Venture Opportunity ** Subject to Offer Acceptable ** Soft Provisions Made to local Council ** Feasibility Projected on GDV Provided at £4,700,000.**

BAILEY STREET IN WEST BROMWICH, WEST MIDLANDS, IS LOCATED IN A VIBRANT AND WELL-CONNECTED AREA THAT ATTRACTS A DIVERSE RANGE OF RESIDENTS. HERE IS AN OVERVIEW OF THE HOUSING DEMAND IN THE AREA:
1.RESIDENTIAL APPEAL: WEST BROMWICH IS A POPULAR CHOICE FOR BOTH HOMEOWNERS AND RENTERS DUE TO ITS CONVENIENT LOCATION AND RANGE OF AMENITIES. THE AREA OFFERS A MIX OF HOUSING OPTIONS, INCLUDING TERRACED HOUSES, SEMI- DETACHED PROPERTIES, AND APARTMENTS, CATERING TO A VARIETY OF BUDGETS AND PREFERENCES.

2.TRANSPORT LINKS: WEST BROMWICH BENEFITS FROM EXCELLENT TRANSPORT LINKS, MAKING IT AN ATTRACTIVE CHOICE FOR COMMUTERS. THE AREA IS WELL-SERVED BY BUS ROUTES AND HAS ITS OWN TRAIN STATION, PROVIDING CONVENIENT ACCESS TO BIRMINGHAM CITY CENTER AND OTHER MAJOR TOWNS AND CITIES IN THE WEST MIDLANDS.

3.EMPLOYMENT OPPORTUNITIES: THE WEST MIDLANDS REGION, INCLUDING WEST BROMWICH, OFFERS A WIDE RANGE OF EMPLOYMENT OPPORTUNITIES ACROSS VARIOUS INDUSTRIES, INCLUDING MANUFACTURING, HEALTHCARE, EDUCATION, AND RETAIL. THE AREA'S PROXIMITY TO BIRMINGHAM ALSO PROVIDES ADDITIONAL JOB PROSPECTS FOR RESIDENTS.

4.LOCAL AMENITIES: RESIDENTS OF BAILEY STREET AND THE SURROUNDING AREA HAVE ACCESS TO A RANGE OF AMENITIES, INCLUDING SHOPPING CENTERS, SUPERMARKETS, RESTAURANTS, AND LEISURE FACILITIES. WEST BROMWICH TOWN CENTER OFFERS A VARIETY OF RETAIL OPTIONS AND A VIBRANT ATMOSPHERE FOR SHOPPING AND SOCIALIZING.

5.EDUCATION: WEST BROMWICH IS HOME TO SEVERAL PRIMARY AND SECONDARY SCHOOLS, PROVIDING FAMILIES WITH A GOOD CHOICE OF EDUCATIONAL OPTIONS. THE AREA ALSO HAS COLLEGES AND FURTHER EDUCATION INSTITUTIONS, ENSURING ACCESS TO HIGHER EDUCATION AND VOCATIONAL TRAINING.
6.REGENERATION INITIATIVES: WEST BROMWICH HAS SEEN ONGOING REGENERATION EFFORTS AIMED AT IMPROVING THE LOCAL INFRASTRUCTURE AND ENHANCING THE OVERALL QUALITY OF LIFE FOR RESIDENTS. THESE INITIATIVES ATTRACT INVESTMENT AND CONTRIBUTE TO THE DESIRABILITY OF THE AREA.

7.RENTAL DEMAND: THE DEMAND FOR RENTAL PROPERTIES IN WEST BROMWICH IS GENERALLY STRONG, DRIVEN BY THE AREA'S AFFORDABILITY AND PROXIMITY TO EMPLOYMENT OPPORTUNITIES. THE RENTAL MARKET CATERS TO VARIOUS DEMOGRAPHICS, INCLUDING YOUNG PROFESSIONALS, FAMILIES, AND STUDENTS ATTENDING NEARBY UNIVERSITIES.

IT'S WORTH NOTING THAT THE DEMAND FOR HOUSING IN ANY SPECIFIC LOCATION CAN FLUCTUATE OVER TIME DUE TO VARIOUS FACTORS SUCH AS ECONOMIC CONDITIONS, GOVERNMENT POLICIES, AND MARKET TRENDS. FOR THE MOST ACCURATE AND UP-TO- DATE INFORMATION ON HOUSING DEMAND IN BAILEY STREET, IT IS ADVISABLE TO CONSULT WITH LOCAL REAL ESTATE AGENTS OR CONDUCT FURTHER RESEARCH SPECIFIC TO THE CURRENT MARKET CONDITIONS.

JOINT VENTURE OPPORTUNITY
A client of ours has approached us to reach out to our clients to secure a joint venture partner to assist in the erection of a 40 flats in West Bromwich.
The site is owned fully in cash and our client has offered a 35% share of the profits this can be negotiated.

The site is subject to planning and the seller has had a pre application regarding 40 units. Previously had planning


We have based a projection on GDV on the following scenario which would would be 20 x 1 beds and 20 x 2 beds this is merely for display purposes.


















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Tenure: Freehold