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South Street, Dorchester, Dorset, DT1

South West

£695,000

Listed on 04/06/2026

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)

Description

This property encompasses a commercial portfolio featuring three retail units, each with potential for further development above. The ground floor includes: - **41 South Street**: Currently leased to Scrivens Opticians, this unit offers approximately 90 square metres (969 square feet) of space, including two consulting rooms, a kitchen, WC, and storage areas. The roof has recently undergone significant maintenance. - **41a South Street**: Occupied by BetFred, this betting shop spans around 75 square metres (807 square feet) and includes a small kitchen/store and a disused cellar at the rear. Overall condition is reasonable. - **1 New Street**: Home to the New Street Bakery, this space consists of approximately 48 square metres (516 square feet) with a food preparation area and office/store. A new lease is in the pipeline but not yet confirmed. Of particular interest are the vacant upper floors that previously served as office space and residential accommodation. These areas are currently derelict due to prolonged unoccupancy, with utilities disconnected. Restoration efforts could enable conversion into desirable residential units, pending necessary consents. The available upstairs space includes about 172 square metres (1851 square feet) on the first floor, 117 square metres (1259 square feet) on the second floor, and an attic measuring 45 square metres (484 square feet). Additionally, there is a vacant car park at the rear of the property that could serve future tenants or be developed further.

Investment Analysis

(DT1 area)
Area Average
£344/sq ft
Avg Rent (weekly)
£278
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DT1)

Area prices are falling by -7.5% over the last 12 months
3 year growth: -4.9%
5 year growth: +0.7%
Investment Disclaimer: Analysis based on DT1 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

South Street, Dorchester, Dorset, DT1
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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
£2,626
Based on a loan of £521,250 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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