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The Lockside, 1, Victoria Square Worksop, S80 1DX - Image 1
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The Lockside, 1, Victoria Square Worksop, S80 1DX

Yorkshire

£650,000
Listed on 21/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold development site presents a compelling investment opportunity in the heart of Worksop, expanding over an area of 21,528 sq ft. Previously operated as a pub and venue, the property features four floors, including a spacious cellar that could be reimagined for various uses. The ground floor is equipped with existing facilities such as a bar, DJ booth, seating area, and a dance floor. Transitioning to residential units is a viable option with planning permission already granted for 16 apartments or studios that can include duplex layouts. The first floor holds potential as it contains essential amenities like male and female toilets, a kitchen with a walk-in fridge, and considerable office and storage space. Additionally, the second floor can provide further living or office space depending on desired configurations. While externally there is a small courtyard area, the prime corner location opposite Barclays Bank offers excellent visibility and accessibility to local amenities and transport links. This property’s strategic position and existing infrastructure offer significant potential for refurbishment into modern living spaces in a thriving town.

Investment Analysis

(S80 area)
Area Average
£192/sq ft
Avg Rent (weekly)
£170
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (S80)

Area prices are rising by +9.1% over the last 12 months
3 year growth: +4.0%
5 year growth: +19.9%
Investment Disclaimer: Analysis based on S80 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

The Lockside, 1, Victoria Square Worksop, S80 1DX
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 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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