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17/18/19 Eld Lane, CO1

East of England

£330,000
Listed on 05/07/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2063 sqft

Description

This property consists of three interconnected retail buildings, featuring a combination of ground and one to two upper floors, all constructed from brick and topped with pitched, tiled roofs. The architecture includes dormer windows on select areas, contributing to the character of the structures, while one end elevation is finished in a rendered material. Currently, two of the retail units are occupied, providing immediate rental income, while the third unit is vacant and presents an opportunity for refurbishment. This vacant space offers potential for significant enhancement and could be tailored to meet current market demands or personal business interests. The shop fronts are partially glazed, with one equipped with security shutters, ensuring both visibility and protection for the businesses within. Each unit contains essential facilities such as main retail areas, storage rooms, kitchen spaces, and WCs. Notably, one of the shops features external storage accessible from the side of the property. Located in a vibrant area with substantial foot traffic, this property holds considerable investment potential. The existing tenants contribute to a diversified income stream while the vacant unit allows for creative development opportunities that align with local consumer trends. With thoughtful renovations and strategic management, this property can become an attractive asset in a rapidly evolving market.

Investment Analysis

(CO1 area)

Below Market Value

This property is priced -48.4% below area average per sq ft

-48.4%
Potential saving
This Property
£160/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£244
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£704,164
10% above area average per sq ft
Potential ROI
+85.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CO1)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -5.7%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on CO1 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

17/18/19 Eld Lane, CO1
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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
£1,209
Based on a loan of £247,500 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