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High Street, Cricklade, Wiltshire

South West

£350,000
Listed on 19/04/2024

Property Details

Bedrooms
3
Type
Terraced house

Description

This Grade II listed building is situated in the vibrant heart of a bustling high street, making it an attractive opportunity for renovation and investment. Retaining numerous original features, the property currently operates under Class E commercial use, which includes a variety of businesses such as retail and offices. Notably, it has previously received planning permission to transform the space into a substantial three-bedroom residence with a garden while maintaining commercial functionality at the front. The property was refurbished around 2007, during which many period details were preserved. The ground floor layout includes a welcoming reception area alongside three distinct office spaces, a WC, a server room, and additional storage. The first floor expands on this with another office and meeting room, along with facilities including a break room and kitchen. While the existing use is primarily commercial, the lapsed planning permission from 2021 highlights its potential for conversion into residential living space—appealing to buyers interested in creating a combined home and business environment. Outdoors, the property features a sizable rear garden enclosed by various boundary treatments, offering both privacy and outdoor space for leisure or further development. The garden boasts decking and patio areas alongside ample grassy space, ideal for those looking to enhance their outdoor living experience. Located in Cricklade—a desirable Saxon town—the building benefits from proximity to local amenities and easy access to roadways and rail networks. This central location not only increases daily foot traffic but also provides an inviting community atmosphere that could complement any future business endeavors. Overall, this unique property presents an exciting chance for investors or individuals seeking to capitalize on its dual-use potential while making personal enhancements over time.

Investment Analysis

(SN6 area)
Area Average
£344/sq ft
Avg Rent (weekly)
£310
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SN6)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -5.3%
5 year growth: 8.2%
Investment Disclaimer: Analysis based on SN6 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

High Street, Cricklade, Wiltshire
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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
£1,282
Based on a loan of £262,500 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