3 School Lane, Leominster - Planning Approved For Full Residential Dwelling
West Midlands
£110,000
Listed on 06/11/2026
Listed on 06/11/2026
The listing
Property details
Bedrooms
1Type
TerracedArea
1105 sqftDescription
A freehold Grade II listed property in central Leominster, currently arranged as a ground-floor shop with a separate one-bedroom flat over the first and second floors. The shop has a double-fronted entrance, a main retail area, a rear kitchenette, a cloakroom and access to a small cellar. The flat is reached via a side passage and includes a kitchen, living room, double bedroom and bathroom.
Planning permission is stated to have been granted for a change of use from retail to a complete residential dwelling, under application 250468, with the permission subject to a three-year commencement period from 14 November 2025. The property is freehold and connected to mains electricity, water and drainage. It is within a conservation area, and its listed status may affect repair and conversion requirements. Leominster has rail links and road connections via the A49 and A44.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
72out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £110,000, this is a standout-priced opportunity: the asking price is about £100 per sq ft, well below the local average of £274. The Grade II listed town-centre property combines a usable upper flat with a ground-floor shop, and permission has been granted to change the shop to residential use, offering scope to create a single home. Check the approved scheme and listed-building requirements before planning the project.
The upper flat looks usable but dated, while the shop has worn finishes and the cellar shows staining and deterioration. There is plenty of scope for a medium-scale programme of redecoration, flooring and updates to the kitchen and bathroom, while retaining the exposed timber character. The cellar staining and deteriorated finishes warrant investigation; the roof is not visible enough in the photos to assess.
Key opportunities
- Acquire at a price per square foot well below the local average.
- Use the granted change-of-use permission as the basis for exploring a complete residential layout, subject to the approved scheme and listed-building requirements.
- Refresh dated finishes and worn flooring while making the most of the exposed timber features and historic frontage.
Key risks
- Staining and deteriorated finishes in the cellar should be investigated to establish their cause and scope.
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Map
Location
3 School Lane, Leominster - Planning Approved For Full Residential Dwelling
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Transport
Nearest stations
Leominster Rail Station
0.3 miles
Train · Leominster
Ludlow Rail Station
10.0 miles
Train · Ludlow
Hereford Rail Station
11.5 miles
Train · Hereford
Bucknell Rail Station
12.7 miles
Train · Bucknell
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£449
Based on a loan of £82,500 over 30 years at 5.13% 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.
Tax
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Pricing
Price history
-8.3% since listed
£110,000£10,000(-8.3%)
17/04/2026£120,000Initial listing
04/02/2026Services
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