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24 London Street, Southport , PR9 - Image 1
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24 London Street, Southport , PR9

North West

£189,950
Listed on 19/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This mid-terrace retail unit presents a compelling opportunity for renovation and investment, featuring a striking brick façade complemented by a spacious glazed shopfront. The ground floor offers an expansive open-plan retail space that can accommodate a variety of business ventures, along with rear storage areas to support operational needs. On the first floor, you'll find additional storage along with a practical staff kitchen and office area, both well-lit to enhance usability during daily operations. The property also includes rear loading facilities accessible from a communal yard, contributing to operational efficiency for retail or potential alternative uses. Held on a Freehold basis and offered with vacant possession, this unit opens up possibilities for immediate occupancy or redevelopment. There is potential for converting the first floor into residential space, pending the necessary consents—an attractive option given the rising demand for housing in urban centers. Documentation such as the Asbestos management report and electrical safety certificate are available upon request, facilitating a smoother due diligence process. This property represents an excellent prospect for SIPP investors, owner-occupiers looking to establish their presence in the market, or developers eager to explore retail-to-residential conversion opportunities in a vibrant town center environment.

Investment Analysis

(PR9 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.7%

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
37
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PR9)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 3.2%
5 year growth: 14.8%
Investment Disclaimer: Analysis based on PR9 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

24 London Street, Southport , PR9
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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
£696
Based on a loan of £142,462 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