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92, High Street, Midsomer Norton, Somerset BA3 2DE

South West

£225,000
Listed on 21/04/2026

Property Details

Bedrooms
2
Type
Mixed Use
Area
1867 sqft

Description

Available through Livestream Auction on 29th April 2026, this mixed-use property presents a unique investment opportunity in the heart of Midsomer Norton. Comprising a ground floor commercial unit and two residential units on the first floor, this end-terrace building offers substantial development potential, subject to obtaining necessary planning permissions. The ground floor, roughly 88 sqm (944 sqft), currently operates as a retail shop but will soon be vacant after serving as a successful shoe store for over four decades. Its prime location on Midsomer Norton High Street ensures high foot traffic, making it an appealing choice for various commercial ventures. The first floor is accessed separately and features a fully let studio apartment generating £500 per month and a vacant one-bedroom flat that requires modernisation throughout. There is clear potential to reconfigure these spaces for increased occupancy or upgrade them into more desirable configurations, possibly transforming the one-bedroom flat into two separate bedrooms. Additionally, there exists an opportunity for further development at the rear of the ground floor. The property includes outside space currently used for parking but could be better utilised with the right planning consent. This freehold investment is sold with tenancy agreements in place, providing immediate rental income and future growth potential in both residential and commercial markets given the ongoing demand within the area.

Investment Analysis

(BA3 area)

Below Market Value

This property is priced -63.3% below area average per sq ft

-63.3%
Potential saving
This Property
£121/sq ft
Area Average
£328/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£673,922
10% above area average per sq ft
Potential ROI
+136.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (BA3)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -3.2%
5 year growth: +14.4%
Investment Disclaimer: Analysis based on BA3 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

92, High Street, Midsomer Norton, Somerset BA3 2DE
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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
£797
Based on a loan of £168,750 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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