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Castle Street, Cirencester, Gloucestershire, GL7

South West

£450,000
Listed on 07/07/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
3850 sqft

Description

This Grade II listed commercial property presents a unique opportunity for renovation and investment, marking its first appearance on the market in over 45 years. Nestled in the heart of Cirencester, often regarded as the "Capital of the Cotswolds," this building offers substantial potential for redevelopment, subject to securing necessary planning permissions. With approximately 3,850 square feet of space spread across four floors, the property currently accommodates both retail and office functions. Its layout allows for separate access to the upper levels from the rear, enhancing its versatility for various uses. The expansive ground floor comprises a well-established retail area of around 970 square feet, previously used as a ladies' clothing boutique but suitable for diverse retail or hospitality ventures. The upper floors feature office and studio spaces that could easily be reconfigured to create residential units. Historically utilized as a spacious duplex apartment with two to four bedrooms, these levels provide ample opportunities for transformation into modern living spaces while retaining charming original features that highlight the building’s heritage. Additionally, the property boasts an extensive basement area—including a former bank vault—ideal for secure storage or other specialized uses. Parking is available on-site for one to two vehicles, alongside a sizeable garage that offers further storage possibilities. A generous courtyard garden at the rear opens up options for landscaping or outdoor leisure use. Cirencester's rich history and vibrant community contribute significantly to its appeal. The presence of local markets and attractions fosters consistent foot traffic, while nearby educational institutions add to a youthful demographic amid an affluent resident population. Such elements enhance investment potential; whether pursuing conversion into luxury apartments or creating a mixed-use development, this property is situated in an enviable town-centre location. This offering includes essential utilities—mains electricity, water, gas, and sewerage—and maintains compliance with town planning regulations as a Grade II listed building. It comes with freehold tenure and current commercial occupancy on the upper floors under an excluded tenancy agreement until March 2026. In summary, this property is not just another listing; it represents a canvas for creative redevelopment that could cater to both residential living and commercial needs in one of England's most picturesque towns.

Investment Analysis

(GL7 area)

Below Market Value

This property is priced -70.6% below area average per sq ft

-70.6%
Potential saving
This Property
£117/sq ft
Area Average
£398/sq ft
Avg Rent (weekly)
£360
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,686,165
10% above area average per sq ft
Potential ROI
+140.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (GL7)

Area prices are falling by +3.1% over the last 12 months
3 year growth: -1.7%
5 year growth: 12.3%
Investment Disclaimer: Analysis based on GL7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Castle Street, Cirencester, Gloucestershire, GL7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE