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Long Street, Wotton-under-Edge, Gloucestershire, GL12

South West

£365,000
Listed on 19/04/2025

Property Details

Bedrooms
3
Type
Detached house
Area
2384 sqft

Description

This terraced property, located on a prominent high street, offers diverse potential for both commercial and residential use. The ground floor features a considerable retail space with distinct areas for customer engagement as well as additional storage and staff facilities towards the rear. This area also includes a sizeable cellar that is currently equipped for use, providing further options for storage or operational needs. On the first floor, the property houses a three-bedroom flat, which could serve as an attractive living space or be transformed into additional rental income. A small studio room at the back of the property comes with its own separate access via Rope Walk, presenting further opportunities to create an independent workspace or rental unit. The layout allows for flexible use; with the main entrance fronting Long Street and a second entrance currently locked but potentially reinstated to give private access to the residential unit above. Additionally, there are entrances at the rear from Rope Walk leading to outdoor space. Situated in the center of Wotton-under-Edge, this property benefits from high foot traffic and visibility, making it an ideal spot for various business ventures. The town's close proximity—about six miles—to junction 14 of the M5 motorway ensures convenient commuting to larger urban areas such as Bristol, Gloucester, and Cheltenham. With approximately 2,384 square feet spread over three floors, there's ample room for creative remodeling or expansion. The freehold status of the property allows for straightforward ownership transfer with vacant possession upon completion. Given its Grade II listed status (reference – 1088905), any renovations may require adherence to preservation guidelines, which could enhance investment value. Prospective buyers should conduct their own investigations regarding local planning permissions and services connected to mains gas, water, drainage, and electricity. This property is currently undergoing renovations throughout the sales process. The vendor is open to discussions about specific improvements that may be desired before final acquisition—a unique opportunity for buyers looking to personalize their investment further.

Investment Analysis

(GL12 area)

Below Market Value

This property is priced -56.6% below area average per sq ft

-56.6%
Potential saving
This Property
£153/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£325
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£925,052
10% above area average per sq ft
Potential ROI
+98.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (GL12)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -10.1%
5 year growth: 6.6%
Investment Disclaimer: Analysis based on GL12 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

Long Street, Wotton-under-Edge, Gloucestershire, GL12
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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
£1,337
Based on a loan of £273,750 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