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23 Bridge Street Worksop, S80 1DR

Yorkshire

£395,000
Listed on 11/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This former HSBC bank building, prominently located in the heart of Worksop, offers a unique investment opportunity. Currently, the ground floor is leased to a vape shop, providing a steady annual income of £15,000, which will increase to £18,000 in year three. The property comes with approved planning permission to transform part of the ground floor and the upper levels into residential units, with plans allowing for three 1-bedroom flats on the ground floor and two more 1-bedroom flats along with one 2-bedroom flat on the first floor. This presents a potential for significant value addition through redevelopment. The building spans two floors and measures approximately 800 sq ft on the ground level. Located near established businesses like Boots and Greggs, it boasts excellent visibility and foot traffic. All mains services are reportedly connected but have not been verified. This property serves as both a commercial investment and a promising development project in a well-connected area of Yorkshire.

Investment Analysis

(S80 area)
Area Average
£190/sq ft
Avg Rent (weekly)
£170
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (S80)

Area prices are rising by +6.9% over the last 12 months
3 year growth: 2.7%
5 year growth: 19.6%
Investment Disclaimer: Analysis based on S80 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

23 Bridge Street Worksop, S80 1DR
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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
£1,447
Based on a loan of £296,250 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