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118 High Street, Waltham Cross, Hertfordshire, EN8 7BX - Image 1
118 High Street, Waltham Cross, Hertfordshire, EN8 7BX - Image 2
118 High Street, Waltham Cross, Hertfordshire, EN8 7BX - Image 3

118 High Street, Waltham Cross, Hertfordshire, EN8 7BX

London

£1,500,000

Listed on 26/09/2026

The listing

Property details

Bedrooms
N/A
Type
Residential Development
Area
16574 sqft

Features

  • Parking

Description

A freehold former Poundland occupying a prominent position on Waltham Cross High Street, with approximately 16,574 sq ft of accommodation across ground and first floors. The vacant building has a substantial retail frontage, flexible floorplates and existing Class E use, which covers a range of potential commercial occupiers. A rear yard provides servicing and parking space, and access rights are stated via the adjoining Iceland car park. The property has implemented planning permission for demolition and a mixed-use scheme comprising a 60-bedroom hotel, a commercial unit and 10 residential units to the rear. The consented scheme provides a route to redevelopment, while alternative uses or changes to the approved proposals would require the relevant planning checks and consents. Other options described include reletting, interim occupation, refurbishment or repurposing of the existing building, and conversion of upper floors subject to planning. Waltham Cross station and bus services are within walking distance, with road links to the A10, M25 and M11. The site is offered freehold by Harston+Co, with offers invited in excess of £1,500,000.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

62out of 100
Grade CPotential opportunity

Confidence: LOW

At £1.5m, the asking price is exceptionally low against the local £/sqf benchmark, making this a notable acquisition opportunity for someone equipped to reposition a substantial High Street property. The prominent frontage, large open floorplates and rear service yard offer a sizeable canvas; the listing also states that mixed-use hotel, commercial and residential planning consent has been implemented, though its current status and any alternative proposals need checking.

This is a major commercial-to-new-use project rather than a cosmetic refresh: the vacant interiors have worn flooring and dated finishes, and the flat rear roof shows patches or discolouration in aerial images, with its condition unconfirmed. The score is tempered by limited renovation-economics data, so the low entry price is promising but the project costs and delivery case still need establishing.

Key opportunities

  • Rework the large open floorplates to suit a new commercial or mixed-use configuration, subject to technical and consent checks.
  • Make use of the prominent High Street frontage and visibility to reposition the property in the town centre.
  • The substantial vacant building and rear service yard provide scope to shape a new use and its supporting layout.

Key risks

  • The substantial commercial floorplates, worn finishes and conversion scope make this a major budget and programme exercise, not a cosmetic refresh.
  • The flat rear roof has visible patches or discolouration; its condition needs investigation, as the photographs do not establish whether there is a defect.

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Map

Location

118 High Street, Waltham Cross, Hertfordshire, EN8 7BX
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£5,667
Based on a loan of £1,125,000 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.

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