7 School Street, Wolverhampton, West Midlands

Description

Auction House Birmingham are proud to present this former brass foundry and ironmongers, offering investors and developers the opportunity to explore a new future for a distinctive piece of Wolverhampton’s industrial heritage. Historically associated with William Evans, Son & Co., the site’s manufacturing roots extend back to around 1854, with the present building believed to date from around 1870. The company’s activities included brass founding and lock manufacturing, followed by its longstanding role as an ironmongers and builders’ merchant. Council heritage records describe the property as a rare surviving example of a nineteenth-century industrial complex within the City. The property requires complete improvement and refurbishment throughout. Investors may wish to investigate options such as refurbished commercial premises, studios or workspace, or whether residential accommodation or a mixed-use arrangement could be achievable, subject to suitability, structural assessment, financial viability and all necessary permissions and consents.

Accommodation

Ground Floor: Main Workshop 9.60m x 16.41m; Storage 1 2.45m x 2.46m; Storage 2 1.94m x 2.52m; WC 2.84m x 1.3m; Storage 3 4.00m x 4.41m; Goods Entry 9.22m x 17.4m; Front Entrance / Workshop Space 5.93m x 13.92m; Workshop 1 4.82m x 13.65m; Storage 1 5.37m x 3.84m.

Location

The front of the building lies within a conservation area. Published council records also identify the property as locally listed. The property is in Wolverhampton, West Midlands.

Tenure / Property Information

Tenure	Freehold
EPC	Current Rating TBC
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

The only supplied comparable is 6 School Street, recorded as an 'Other' freehold sale at £200,000 in December 2024, with an earlier sale at £170,000 in 2019. It is not sufficiently detailed or demonstrably comparable to this former industrial complex. The property has no supplied GDV, commercial valuation, rental evidence or refurbishment budget. The £350,000–£400,000 guide therefore cannot be validated from the supplied evidence, particularly given the conservation-area and locally listed status.

Investment Snapshot

Guide Price

£350,000 - £400,000 (plus fees)

Strategy Recommendation

Do not rely on the guide as a viable investment figure without a full measured survey, structural assessment, planning and heritage advice, commercial/residential valuation, refurbishment tender and legal-pack review. Proceed only if a specific consented use and evidenced exit value are established.

Works Required

Complete improvement and refurbishment throughout, supported by a structural assessment. Investigate the feasibility of refurbished commercial premises, studios/workspace, or residential/mixed-use conversion only subject to suitability, financial viability and all required permissions and consents. Conservation-area and locally listed requirements should be addressed.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

6, School Street, Wolverhampton, Wolverhampton, Wv1 4lr 2024-12-03 · Other · Freehold	£200,000
6, School Street, Wolverhampton, Wolverhampton, Wv1 4lr 2019-01-18 · Other · Freehold	£170,000

Potential BRRR Position

A BRRR analysis cannot be quantified because no supported GDV, refurbishment cost, rental income or refinance valuation is available. The property requires complete improvement and refurbishment, and its commercial/industrial use, conservation-area position and local listing create significant due-diligence requirements.

Buy-to-Let Analysis

BTL analysis cannot be established. No sufficiently specific rental comparable, auctioneer rent estimate, residential use confirmation or supported residential GDV is provided. Residential conversion is only an option requiring investigation and consent.

Flip Analysis

A flip surplus cannot be calculated. The £200,000 2024 comparable is described only as an 'Other' freehold property and is not sufficient to establish resale value for this larger, historically significant former industrial complex. No supported refurbishment allowance or selling-cost allowance is supplied.

Investor Risks & Due Diligence

• Complete improvement and refurbishment is required, but no cost estimate is supplied.

• The front of the building is within a conservation area and the property is locally listed, potentially constraining works and alterations.

• Residential or mixed-use conversion is not confirmed and would require suitability assessments and all necessary permissions and consents.

• No sufficiently specific rental comparable or auctioneer rent estimate is available.

• The supplied comparable is an 'Other' property and may not be directly comparable.

• Buyer premium, administration charge and any legal-pack disbursements increase acquisition costs; additional disbursements are not quantified.

Recommendation

Do not rely on the guide as a viable investment figure without a full measured survey, structural assessment, planning and heritage advice, commercial/residential valuation, refurbishment tender and legal-pack review. Proceed only if a specific consented use and evidenced exit value are established.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low

Evidence includes a guide, one recent but poorly described comparable, accommodation dimensions and planning/heritage context, but no reliable GDV, rent, refurbishment cost, use consent or exit-value evidence.