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New Street, St Neots, PE19

East of England

£375,000

Listed on 16/06/2026

Property Details

Bedrooms
N/A
Type
Office
Area
1874 sqft

Description

This notable freehold commercial property is prominently located in the bustling heart of St Neots, presenting a strategic corner position on New Street and Tan Yard. The property showcases a charming Victorian red brick facade topped with a slate roof, offering substantial investment potential for developers or owner-occupiers seeking to capitalize on its vacant possession status. Spanning an impressive 1,874 sq ft (174 sq m), the layout includes a ground-floor retail unit paired with self-contained office space across the first two floors. The ground floor features an open-plan retail area measuring around 842 sq ft (78.18 sq m), designed to attract foot traffic with its significant visibility from both streets. Amenities include customer and staff WC facilities as well as kitchenette provisions. Meanwhile, the upper levels boast their own dedicated entrance and encompass approximately 1,032 sq ft (95.86 sq m) of flexible office space comprising six separate rooms, male and female WC facilities, and kitchen amenities. Historically linked to William Hill Betting Shops, this property has also served as office accommodation for various businesses. Its Class E Use designation broadens its appeal for diverse commercial applications including retail, cafés, professional services, and more—subject to necessary approvals. With existing utilities including mains water, gas, electricity, and drainage in place, there is immediate potential for refurbishment or reconfiguration based on business needs. The property holds historical significance with a Blue Plaque commemorating its connection to the renowned "St Neots Quads" of 1935. This could enhance its charm as part of any renovation strategy.

Investment Analysis

(PE19 area)

Below Market Value

This property is priced -41.5% below area average per sq ft

-41.5%
Potential saving
This Property
£200/sq ft
Area Average
£342/sq ft
Avg Rent (weekly)
£281
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£704,690
10% above area average per sq ft
Potential ROI
+62.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PE19)

Area prices are falling by -6.9% over the last 12 months
3 year growth: -5.5%
5 year growth: +6.1%
Investment Disclaimer: Analysis based on PE19 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

New Street, St Neots, PE19
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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
£1,417
Based on a loan of £281,250 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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