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Palmer Street, Weston-super-Mare, North Somerset, BS23 - Image 1
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Palmer Street, Weston-super-Mare, North Somerset, BS23

South West

£225,000

Listed on 21/06/2026

Property Details

Bedrooms
N/A
Type
Office
Area
1944 sqft

Description

This significant freehold commercial property is strategically located in the heart of Weston-super-Mare, presenting a valuable opportunity for investors and developers alike. The building currently features a variety of commercial spaces, including multiple suite rooms, a storefront workshop, and a goods-in warehouse, all within approximately 1,944 sq. ft of Gross Internal Area. With its flexible layout, this property can accommodate a range of small businesses while also offering the potential for higher returns through rental income. Moreover, there is significant scope for future redevelopment or conversion to residential use, pending the necessary planning permissions and approvals. This asset not only serves immediate investment needs but also opens avenues for long-term growth in a well-established semi-commercial area.

Investment Analysis

(BS23 area)

Below Market Value

This property is priced -54.6% below area average per sq ft

-54.6%
Potential saving
This Property
£116/sq ft
Area Average
£255/sq ft
Avg Rent (weekly)
£233
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£544,971
10% above area average per sq ft
Potential ROI
+78.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BS23)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +2.9%
5 year growth: +7.8%
Investment Disclaimer: Analysis based on BS23 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

Palmer Street, Weston-super-Mare, North Somerset, BS23
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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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