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Barn at Mill Lane, Great Alne, Alcester, B49 6JA
Barn Conversion Opportunity – Great Alne
Barn at Mill Lane, Great Alne, Alcester, B49 6JA
Unsold
£150,000+
Key Features
- Barn Conversion Opportunity – Great Alne
- Guide price £150,000+
- Rare Grade II listed barn conversion opportunity beside Great Alne Mill
- Auction: 13 October 2026
Description
Rare Grade II listed barn conversion opportunity beside Great Alne Mill. Earles states that full planning permission has been granted under reference 21/04097/FUL for a proposed two/three-bedroom residential dwelling, with garden, private parking and fishing rights on the River Alne.
Auction Information
| Auctioneer | Earles |
| Auction date | Tuesday 13 October 2026 at 6:30pm |
| Guide price | £150,000+ |
| Auction administration fee | £950 + VAT (£1,140) |
| Deposit | 10% on exchange at auction |
| Typical completion | 28 days, subject to the lot contract/legal pack |
Location
Barn at Mill Lane, Great Alne, Alcester, B49 6JA
Tenure
Freehold Grade II listed development opportunity. The legal pack remains the definitive source for title, rights, covenants and special conditions.
Investment Analysis
| Guide Price | £150,000+ |
| Guide + Earles Admin Fee | £151,140 before SDLT/legal/finance |
| Asset Type | Freehold Grade II listed development opportunity |
| HB Value / GDV Screening | HB screening GDV: approximately £450,000–£575,000, subject to approved floor area, specification and direct comparable evidence. Nearby Mill Lane market data should be treated as context, not a valuation. |
| Primary Due-Diligence Risk | Grade II listing, planning-condition discharge, flood/riverside matters, structural condition, utilities, ecology, build-cost inflation and conservation requirements are key risks. |
Market Comparables
HB has used available local market evidence only as screening context. A bidding decision should be supported by current Land Registry sold evidence and, for residential property, genuinely comparable rental listings/lettings of similar size, condition and tenure.
Proposed Works
HB screening allowance: £180,000–£260,000 for conversion and associated professional/contingency costs before finance and acquisition taxes. A listed-building specialist and quantity surveyor should price the approved scheme before bidding.
Development Analysis
The investment case is primarily a consented conversion rather than conventional BTL. Confirm that planning permission 21/04097/FUL remains implementable and review every planning/listed-building condition, approved drawing and structural requirement.
Low / Base / High Investment Scenario
| Low | £450k GDV | £260k works |
| Base | £510k GDV | £220k works |
| High | £575k GDV | £180k works |
Flip Analysis
At the £510,000 base GDV screen, guide plus £220,000 works leaves a £140,000 gross development spread before acquisition tax, £1,140 auction administration fee, legal, professional, finance, holding, contingency and selling costs.
Maximum Bid Indicator
The maximum bid should be derived from a residual appraisal using verified GDV and a detailed QS conversion budget. SDLT and buyer-specific tax treatment are excluded from this screening.
Strategy Recommendation
Development / conversion for resale is the clearest initial strategy. Retention as a rental can be assessed after the approved accommodation and finished value are verified.
Strategy Rating
Development: ★★★★☆ | Flip: ★★★★☆ | Long-term Hold: ★★★☆☆
Key Risks
Grade II listing, planning-condition discharge, flood/riverside matters, structural condition, utilities, ecology, build-cost inflation and conservation requirements are key risks.
Analysis Confidence
Medium for auction/source facts; low-to-medium for HB value, rent and works screening until legal-pack review, physical inspection, contractor/QS pricing and direct comparable evidence are completed.
Auction Details :
Earles
Auction Date :
13/10/26
Lot Number :
3
Property Location:
Barn at Mill Lane, Great Alne, Alcester, B49 6JA
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