The former Caparo site in Walsall has been placed on the market after its owners applied for planning permission to build more than 250 new homes.

The 16.5 acre site, accessed from Green Lane and Old Birchills Lane, has stood empty for years following the manufacturer’s decision to consolidate operations in Oldbury, with the factory being demolished between 2007 and 2009.

Harris Lamb is acting on behalf of Law of Property Act Receivers, providing a consultancy service including planning submission, viability reporting and sale.

An application for outline planning consent for up to 252 houses and apartments at the site was submitted last month, with a decision anticipated in June. The submission has requested that, due to viability, no provision is made for affordable housing at the site.

Chris Jones, Head of Residential Land for Harris Lamb, said: “We anticipate high levels of interest from developers for this plot. Located one mile away from Walsall town centre and its train station, 11 miles away from Birmingham city centre, and within easy reach of Junction 10 of the M6, the site benefits from superb access links.

“The site, which boasts an attractive setting bordered by Reedswood Park and the Essington and Wyrley Canal, has stood empty since the factory’s demolition, and these new plans represent a great opportunity to utilise the land, creating much-needed new homes and developing communities in a sought-after part of the West Midlands,

“We are hoping interest will equal that of our most recent success story; the sale of the former Hall Green Stadium, which was sold last month to Galliford Try Partnerships for £13 million,” he added.

Harris Lamb is the sole agent for the Green Lane site.