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Stamford, Ironmonger Street

East Midlands

£500,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
2325 sqft

Description

Situated in the heart of Stamford, this versatile property offers a unique opportunity for renovation and investment. Currently functioning as an office building, it has recently received planning permission to be transformed into a modern townhouse, making it ideal for buyers looking to create a bespoke living space or investors interested in capitalizing on the growing demand for residential properties in the area. The location is one of Stamford’s key advantages. Known for its charming cobbled streets and rich historical backdrop, it is conveniently positioned just a short walk from the train station, providing efficient transport links to London Kings Cross in approximately 50 minutes. The vibrant local community boasts an array of amenities including shops, cafés, restaurants, and regular markets that enrich daily life. Outdoor enthusiasts will appreciate nearby parkland walks through Burghley House grounds and the scenic Welland Valley. This property features attractive Georgian-style architecture with period elements that can be beautifully restored to enhance its character. Inside, a staircase with detailed panelling leads to the first floor, where two well-sized reception rooms are currently configured as offices but hold potential for various residential layouts. Large windows flood these spaces with natural light while retaining their historical charm through classic design elements such as fireplaces and decorative coves. The proposed redesign introduces adaptable living spaces tailored for modern lifestyles. A spacious kitchen serves at the heart of this new layout, complemented by double doors that lead onto an outdoor patio—ideal for entertaining or relaxing in private. The second floor hosts generously sized bedrooms with flexibility in usage; one can function as a luxurious master suite complete with ensuite facilities while others maintain independent access. With its prime location and planning permissions already secured for conversion into residential use (Ref: S24/0572), this property stands out as a valuable investment opportunity. Whether you envision developing it into an elegant family home or maintaining its commercial viability, it presents significant potential to maximize returns in Stamford’s competitive real estate market.

Investment Analysis

(PE9 area)

Below Market Value

This property is priced -37.3% below area average per sq ft

-37.3%
Potential saving
This Property
£215/sq ft
Area Average
£343/sq ft
Avg Rent (weekly)
£263
Avg Yield
3.3%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£876,967
10% above area average per sq ft
Potential ROI
+40.3%
After renovation
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by +5.3% over the last 12 months
3 year growth: -2.1%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on PE9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Stamford, Ironmonger Street
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