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Market Street, Harwich, CO12

East of England

£290,000
Listed on 28/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
2001 sqft

Description

This property presents a compelling opportunity for both residential and commercial investment in the heart of Historic Harwich. The building's charming historic facade showcases beautiful brickwork and timber features, making it an attractive spot for any business venture. The ground floor is currently configured as a spacious commercial space, offering multiple open-plan rooms that can be tailored to suit your vision, whether that's a boutique shop, artisan workshop, or even a restaurant. High ceilings and large windows create an airy atmosphere filled with natural light, while the layout allows for flexibility between one larger unit or two separate shop sections, each with their own entrance. A partially fitted WC/shower room adds practicality for various business uses or potential guest accommodation. The residential area above provides a cozy escape with modern comforts complemented by original period details. The first-floor lounge is particularly striking with its heritage beams and exposed brickwork, which harmoniously blend with chic updates like parquet flooring and a multi-fuel stove. The adjoining kitchen and dining area are fully equipped for convenience while retaining vintage charm through features such as sash windows. Additionally, the property boasts an L-shaped bathroom complete with contemporary fittings and efficient systems. Step outside to enjoy the private roof terrace bathed in sunlight—a unique asset that enhances both personal enjoyment and potential rental appeal. Upstairs houses two well-proportioned double bedrooms that benefit from lovely views over Old Harwich’s skyline. With both residential and commercial areas accessible separately, this setup is ideal if you wish to rent out one portion or maintain privacy between living and working spaces. The options here are vast: maintain the current configuration for dual rental income—from long-term leases to short-term holiday lets—or consider converting the entire property into a single grand residence (subject to planning). The absence of onward chain means you can swiftly move forward with your plans, capitalizing on Harwich's growing attractiveness to tourists seeking distinctive accommodations.

Investment Analysis

(CO12 area)

Below Market Value

This property is priced -45.7% below area average per sq ft

-45.7%
Potential saving
This Property
£145/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£254
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £80,000
Target Value
£587,143
10% above area average per sq ft
Potential ROI
+58.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (CO12)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +0.6%
5 year growth: +21.2%
Investment Disclaimer: Analysis based on CO12 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 Street, Harwich, CO12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,046
Based on a loan of £217,500 over 30 years at 4.06% 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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