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Market Place, Wallingford

South East

£235,000
Listed on 03/05/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
1367 sqft

Description

This commercial property presents a compelling opportunity in the heart of Wallingford's town center. Housed in a Grade II listed building, the structure features a spacious retail unit spread over three floors, complemented by a rear garden that can enhance its appeal for various uses. Currently operating as a florist, this retail space is well-positioned to attract foot traffic from the vibrant market area. The entrance opens into an ample front retail area that flows seamlessly into additional space at the rear, which includes an office and WC with access to the garden. This versatile layout allows for easy adjustments to suit different business models or expansion plans. The upper levels offer further potential with a sizable kitchenette and storage area, along with two additional rooms that can serve as offices or extra storage. While some modernization would enhance its functionality and aesthetic appeal, recent improvements have already been made, providing a solid foundation for further developments. With a current rental income of £11,400 per annum and flexible lease terms featuring a four-month notice period for either party, this property offers immediate financial benefits along with significant investment potential. The shop falls under Class E business use, broadening its possibilities for future tenants or owners. Located in Wallingford's conservation area, the property benefits from proximity to numerous local amenities including shops, cafes, restaurants, and supermarkets such as Waitrose and Lidl. Additionally, it enjoys convenient access to major roadways like the M4 and A34 and is near mainline train stations in Cholsey and Didcot. This prime location combined with renovation opportunities makes it an attractive prospect for investors looking to capitalize on Wallingford’s ongoing growth and appeal.

Investment Analysis

(OX10 area)

Below Market Value

This property is priced -61.2% below area average per sq ft

-61.2%
Potential saving
This Property
£172/sq ft
Area Average
£443/sq ft
Avg Rent (weekly)
£359
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£666,064
10% above area average per sq ft
Potential ROI
+142.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (OX10)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -2.2%
5 year growth: 8.1%
Investment Disclaimer: Analysis based on OX10 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

Market Place, Wallingford
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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
£861
Based on a loan of £176,250 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