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20 Market Place, Chorley, PR7 1DA - Image 1
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20 Market Place, Chorley, PR7 1DA

North West

£180,000
Listed on 30/03/2026

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)
Area
1328 sqft

Description

This three-storey retail property is strategically located on Market Place, right at the heart of Chorley Town Centre. The town boasts excellent transport links, with easy access to major motorways including the M61, M6, and M65, making it a desirable area for business ventures. The building itself offers approximately 123.42 sq m (1,328 sq ft) of Net Internal Area and was previously utilized as a hair and beauty salon. The layout includes ground and first floor sales space along with ancillary areas on the second floor that feature private treatment rooms equipped with wash-hand basins and a basic shower. While the current configuration is suitable for continued use by similar businesses, it's worth noting that this adaptable space can also accommodate various E-Class uses pending necessary permissions. Furthermore, there's notable potential for converting the upper floors into additional commercial or residential units subject to planning approval. Given its prominent position amidst thriving local businesses such as Booths, M&S Foodhall, and several independent retailers, this property presents a compelling opportunity for renovation or re-purposing to meet current market demands.

Investment Analysis

(PR7 area)

Below Market Value

This property is priced -41.7% below area average per sq ft

-41.7%
Potential saving
This Property
£136/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£192
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£339,709
10% above area average per sq ft
Potential ROI
+47.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
75
Average per month
Market Turnover
60%
Properties sold annually

Local Market Trend (PR7)

Area prices are rising by +9.2% over the last 12 months
3 year growth: +11.1%
5 year growth: +19.2%
Investment Disclaimer: Analysis based on PR7 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 Market Place, Chorley, PR7 1DA
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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
£649
Based on a loan of £135,000 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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