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Market Place, March

East of England

£150,000
Listed on 05/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This property presents a noteworthy opportunity for renovation and investment, situated at the heart of March's Market Place. Comprising two retail units and a two-bedroom flat on the top floor, it offers considerable potential for redevelopment, pending necessary planning approvals. The ground floor consists of a welcoming lobby area with a restroom, leading into two separate retail spaces. The first shop unit measures approximately 16' 10" by 13' 2", featuring large front windows that provide natural light and visibility to foot traffic. Alongside this, a second room on the same level could be utilized as additional retail space or storage. The kitchen area on this level includes essential amenities, such as a single drainer sink and ample space for preparation. Above the retail units is the first-floor space, which also features its own kitchen, bathroom facilities, and an expansive retail area measuring 30' 5" by 13' 9". This floor offers flexibility in use and can serve various business needs while benefiting from multiple windows that allow light to fill the space. The top-floor flat provides residential accommodation with two bedrooms, a lounge that offers potential for customization, and a practical kitchen equipped with essential appliances. Each room is fitted with panel heaters to ensure comfort throughout the seasons. A dedicated bathroom contains modern conveniences including a shower cubicle. Beyond its structural offerings, this property benefits from being located in a bustling commercial district with high visibility and accessibility. This location is advantageous for both retail operations and residential living due to nearby amenities and transport links. Given its current layout and position within the marketplace, this freehold development's potential for renovation makes it an appealing prospect for investors looking to capitalize on the evolving landscape of March. With thoughtful upgrades or reconfigurations, one could enhance its value significantly while catering to contemporary needs in both commercial and residential markets.

Investment Analysis

(PE15 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£201
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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
8%
Properties sold annually

Local Market Trend (PE15)

Area prices are falling by +2.7% over the last 12 months
3 year growth: -2.9%
5 year growth: 9.2%
Investment Disclaimer: Analysis based on PE15 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, March
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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
£549
Based on a loan of £112,500 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