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64-66 Cheshire Street, Market Drayton, TF9 1PR

West Midlands

£425,000
Listed on 16/03/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for renovation and investment, offering a mix of commercial and residential units within a prominent location in Market Drayton. The structure comprises a three-part, two-part, and single-storey layout featuring dual frontages onto both Cheshire Street and Queen Street, maximizing visibility and access. Currently, the ground floor accommodates two tenanted retail shop units, providing immediate rental income. The shops feature glazed frontages, with one unit (64A Cheshire Street) having an approximate net sales area of 456 sq ft, including sales space, changing room, and restroom facilities. The second unit (64 Cheshire Street) offers about 353 sq ft arranged as a sales area along with kitchenette and toilet amenities. Above the commercial spaces are two residential flats—both tenanted—adding to the property's income-generating potential. Flat 23 on Queen Street is a one-bedroom unit spanning approximately 610 sq ft with the added benefit of an external patio area. The second flat is situated above 64A Cheshire Street and consists of one bedroom with around 455 sq ft of living space. The remainder of the property houses eight offices distributed across the ground and first floors under the designation of 66 Cheshire Street. These offices total roughly 1,744 sq ft and include necessary welfare facilities. With some refurbishment, these spaces could be transformed to suit modern office standards or adapted for alternative uses. Positioned in the heart of Market Drayton's bustling town center, this property enjoys close proximity to numerous local amenities and public parking facilities. Notable neighboring businesses include Boots, NatWest, and Bargain Booze—underscoring its appeal to both retail and professional tenants alike. Market Drayton itself is an established market town in North Shropshire with a population nearing 12,000 people. The town's strategic location offers convenient access to major urban centers such as Shrewsbury (approximately 20 miles away), Telford (19 miles), and Stoke-on-Trent (20 miles). With existing planning consents that allow for commercial use under Class E for the shops and offices, as well as residential use under Class C3 for the flats, this property holds significant potential for further development or conversion initiatives—subject to obtaining necessary consents. Whether pursued by seasoned investors or new developers looking for a project with promise in a growing community, this property merits consideration through an in-person viewing to fully appreciate its extensive potential.

Investment Analysis

(TF9 area)
Area Average
£270/sq ft

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
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TF9)

Area prices are rising by +3.1% over the last 12 months
3 year growth: -3.5%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on TF9 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

64-66 Cheshire Street, Market Drayton, TF9 1PR
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,557
Based on a loan of £318,750 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