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Wareside SG12

East of England

£645,000
Listed on 23/10/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This unique public house, steeped in character and set in a desirable village location, presents an excellent opportunity for renovation and investment. The grade II listed building occupies nearly 1 acre of land, providing ample space for various development possibilities, subject to planning permissions. With its extensive parking accommodating up to 30 vehicles and the potential for further enhancements to the property and grounds, this site is ripe for transformation. Situated in Wareside, a quaint village within the East Hertfordshire district, this property benefits from its proximity to larger towns such as Ware and Hertford. The area is well-connected by major routes, including the B1004 road leading towards Bishop's Stortford and easy access to the A10 at Thundridge. The nearby Ware railway station offers convenient transport links via the Hertford East Branch Line. The ground floor of the premises features a traditional main bar and restaurant with charming exposed beams and a large fireplace that enhances its inviting atmosphere. Additionally, there is a well-equipped commercial kitchen designed to meet catering needs, complemented by an outbuilding that includes additional food preparation and wash-up areas. For patrons' convenience, separate ladies' and gents' WCs, along with a disabled WC, are readily available. The first-floor living accommodation provides self-contained quarters with four bedrooms, a lounge area, kitchenette, bathroom, and office space spread over two levels—all maintained in good order. This setup not only adds value but also allows for flexible living arrangements or rental opportunities. Externally, the property boasts an extensive beer garden complete with a children's play area and barbecue facilities suitable for hosting large outdoor events or weddings during warmer months. Additional outdoor storage facilities enhance functionality. As part of the sale, all trade fixtures and fittings are included. The freehold status of the premises also offers investors stability and control over their asset. With mains electric and gas services available on-site and an energy rating of D, this property combines historical charm with modern investment potential. An exploration of what can be achieved here could yield significant rewards—whether through restoration efforts or creative redevelopment plans.

Investment Analysis

(SG12 area)
Area Average
£471/sq ft
Avg Rent (weekly)
£369
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£64,500 - £161,250
10-25% of property value
Monthly Sales
18
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (SG12)

Area prices are stable by +1.3% over the last 12 months
3 year growth: 7.8%
5 year growth: 3.9%
Investment Disclaimer: Analysis based on SG12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Wareside SG12
Map showing location of Wareside SG12
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