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20 The Shambles, Worcester, WR1 2RA - Image 1
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20 The Shambles, Worcester, WR1 2RA

West Midlands

£275,000
Listed on 06/04/2026

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)
Area
2513 sqft

Description

This mid-terraced retail unit, arranged across four floors in the bustling heart of Worcester, presents a unique renovation opportunity for potential investors or business owners. The ground floor boasts an open-plan layout with contemporary features such as LED lighting and air conditioning, though it also requires updates to its timber-framed shopfront and flooring. A small basement area accessible via a hatch offers limited storage options. At the rear, ancillary spaces, including a kitchen and WC on the first floor, provide essential amenities but are in need of refurbishment. The upper levels contain additional space that currently features older-style fluorescent lighting and a mix of UPVC and timber-framed windows that would benefit from modernisation. Significant damp ingress is present along the right-hand side elevation at the second floor level, indicating a need for substantial repairs. Given its high visibility on a popular pedestrianised street near various retailers and amenities, this property stands as a promising candidate for alternative uses or complete refurbishment—subject to obtaining the required consents.

Investment Analysis

(WR1 area)

Below Market Value

This property is priced -59.6% below area average per sq ft

-59.6%
Potential saving
This Property
£109/sq ft
Area Average
£271/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£748,296
10% above area average per sq ft
Potential ROI
+105.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (WR1)

Area prices are falling by -4.2% over the last 12 months
3 year growth: +6.2%
5 year growth: +12.7%
Investment Disclaimer: Analysis based on WR1 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

20 The Shambles, Worcester, WR1 2RA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£974
Based on a loan of £206,250 over 30 years at 3.91% 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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