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North Street, Worthing

South East

£650,000
Listed on 05/05/2026

Property Details

Bedrooms
4
Type
Commercial Property
Area
2383 sqft

Description

This is a unique opportunity to acquire a versatile freehold property situated prominently on a busy main thoroughfare in the centre of Worthing. Adjacent to a popular Lidl, the location guarantees significant passing traffic and footfall, making it an attractive setting for various business ventures. Previously housing a long-standing stonemasonry operation, the building offers potential buyers the chance to either continue this legacy or explore new commercial avenues, benefitting from its established reputation within the community. The ground floor features an expansive showroom with large display windows that enhance visibility and attract customers. Behind this area are functional office and operational spaces that provide flexibility for different business models. The upper floors are currently arranged as two self-contained residential flats, generating immediate rental income or offering owner-occupancy options. There is evident scope to convert existing configurations into a third flat, subject to necessary permissions, adding to the income potential. Additionally, there is significant opportunity for expansion into the roof space to incorporate an additional level, again subject to planning approvals. This could greatly increase both living accommodations and overall property value. Given its prime location and adaptability, properties of this nature do not frequently enter the market, making early interest advisable for those looking to capitalize on its considerable potential.

Investment Analysis

(BN11 area)

Below Market Value

This property is priced -25.9% below area average per sq ft

-25.9%
Potential saving
This Property
£273/sq ft
Area Average
£368/sq ft
Avg Rent (weekly)
£274
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £300,000
Target Value
£965,425
10% above area average per sq ft
Potential ROI
+1.6%
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
9%
Properties sold annually

Local Market Trend (BN11)

Area prices are falling by -2.5% over the last 12 months
3 year growth: +1.8%
5 year growth: -0.3%
Investment Disclaimer: Analysis based on BN11 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

North Street, Worthing
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,319
Based on a loan of £487,500 over 30 years at 3.97% 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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