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The Tiger,30 Park Street Worksop Notts

Yorkshire

£310,000
Listed on 01/03/2025

Property Details

Bedrooms
2
Type
Detached house

Description

Located centrally in Worksop, this property presents a unique opportunity for both renovation and investment. With its prime position on Park Street, it benefits from high foot traffic and close proximity to various amenities such as car parks, cinemas, and other leisure facilities. The building features a spacious layout of approximately 2,700 square feet across two floors. The ground level encompasses an open-plan restaurant area that accommodates up to 70 diners, alongside a bar and several ancillary spaces including customer restrooms, a commercial kitchen, and ample storage. The arrangement allows for seamless operations while offering room for improvements that could enhance patron experience. On the first floor, you'll find five en-suite double bedrooms that have been generated through thoughtful renovations completed in 2017. These rooms are currently listed on platforms like Expedia and Booking.com, providing an established income stream. One of the bedrooms includes a kitchenette, making it ideal for creating a self-contained living area or further rental potential. There is also the option to reconfigure the space to create private living quarters while maintaining independent letting rooms. This flexibility adds value for potential owners looking to live on-site or expand their rental portfolio. Externally, the property includes parking for approximately six to eight vehicles and a rear yard accessible from Park Street. The generous plot size of around 0.14 acres offers potential for future development opportunities, subject to planning permissions. With its combination of established rental income and renovation potential, this property stands out as an excellent investment in a growing market. The current configuration is functional yet leaves room for enhancements that could result in increased returns over time.

Investment Analysis

(S80 area)
Area Average
£185/sq ft
Avg Rent (weekly)
£168
Avg Yield
5.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (S80)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 0.7%
5 year growth: 17.8%
Investment Disclaimer: Analysis based on S80 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

The Tiger,30 Park Street Worksop Notts
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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
£1,136
Based on a loan of £232,500 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