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Sheep Street, NORTHAMPTON

East Midlands

£225,000

Listed on 02/06/2026

Property Details

Bedrooms
N/A
Type
Commercial Property

Description

This freehold mid-terrace property spans four floors and offers a promising investment opportunity for buyers with a vision. Currently in need of modernization, the building features basement, ground, first, second, and third floors. It has full vacant possession and is being sold by order of the LPA Receivers. Located on Sheep Street, this property benefits from close proximity to public transport links, including the Northampton mainline rail station and various local bus services. The vibrant Northampton town centre, with its array of shops, bars, and restaurants located in the Grosvenor Shopping Centre, is just a short distance away. Additional recreational spaces like Becket’s Park and The Racecourse are also nearby. The ground floor includes a bar area with informal seating and access to a dance area in the basement, along with essential amenities like a beer cellar and staff WC. On the first floor, there is another bar space with seating options and restrooms available. The second floor previously held living accommodations that are currently undergoing refurbishment; however, access to the third floor is restricted due to an incomplete staircase. This property presents substantial redevelopment potential for various uses subject to necessary planning permissions. Investors should conduct their due diligence regarding possibilities for conversion or further enhancement.

Investment Analysis

(NN1 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£214
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NN1)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -2.8%
5 year growth: +7.8%
Investment Disclaimer: Analysis based on NN1 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

Sheep Street, NORTHAMPTON
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 over 30 years at 4.45% 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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