Silver Street, Midsomer Norton
South West
£600,000
Listed on 22/10/2026
Listed on 22/10/2026
The listing
Property details
Bedrooms
N/AType
Commercial PropertyFeatures
- Tenanted
Description
A substantial former bank building of more than 6,300 sq ft in a central position at the end of Midsomer Norton's High Street. The property is currently let on a lease and the listing states that it produces a 5% gross yield, offering an existing commercial income stream subject to verification of the tenancy and lease terms.
The listing describes potential to convert the commercial accommodation into residential apartments and refers to approved residential conversion plans. Any proposed use or implementation remains subject to confirming the relevant planning position, permissions and other consents. The building's scale and town-centre location provide scope for an investor or developer to assess alternative uses. Shops, cafés, local amenities and transport connections are nearby. Further information is available from Barons Property Centre Ltd.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
55out of 100
Grade DWeak opportunity
Confidence: LOW
At £600,000, this substantial, over-6,300 sq ft building is priced well below the local average on a £/sq ft basis, making the asking price a clear acquisition opportunity. Its prominent High Street position, stone-faced frontage and existing tenanted use add to the appeal, with the listing citing a 5% gross yield alongside potential for residential conversion.
The main value-add is exploring the proposed apartment conversion: verify the referenced approved plans, their scope and the consents required. The exterior appears generally intact in the available photos, while the rear is mainly hard-surfaced and could be reworked to suit a future scheme. The overall score is tempered by limited evidence about interior condition and insufficient data to assess renovation economics, so this is a promising but not fully underwritten opportunity.
Key opportunities
- Acquire over 6,300 sq ft at an asking price well below the local average on a £/sq ft basis.
- Explore the potential apartment conversion and verify the advertised approved plans and required consents.
- Retain the existing tenanted commercial use as an income-producing option while assessing future redevelopment.
Key risks
- Interior condition is not evidenced in the available photographs, leaving the scope and cost of any works uncertain.
- The conversion plans, consent status and feasibility of the proposed residential scheme require verification.
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Transport
Nearest stations
Oldfield Park Rail Station
7.9 miles
Train · Oldfield Park
Bath Spa Rail Station
8.4 miles
Train · Bath
Frome Rail Station
8.5 miles
Train · Frome
Freshford Rail Station
8.8 miles
Train · Freshford
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£2,452
Based on a loan of £450,000 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
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