Investment Opportunity, Market Place & Queen Street, Ulverston
North West
£290,000
Listed on 06/11/2026
Listed on 06/11/2026
The listing
Property details
Bedrooms
N/AType
Commercial PropertyFeatures
- Tenanted
Description
A Grade II listed town-centre building in a prominent position at the top of Ulverston’s Market Place, with a second frontage onto Queen Street. The property comprises two established commercial units, which the listing describes as tenanted and producing rental income.
The first and second floors contain three undeveloped apartments. Their conversion into residential accommodation would require the relevant planning permission, Listed Building consent and any other necessary approvals. The central location is close to the town’s shops, cafés, restaurants and other amenities. The property is offered as an investment or development opportunity, with existing commercial occupation alongside potential for further accommodation.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
43out of 100
Grade ELow opportunity
Confidence: LOW
Scoring 43/100, this is a low-opportunity result overall, with value versus local £/sqf not yet judgeable because the floor area is missing. The attraction is the prominent Grade II Listed town-centre position, two established tenanted commercial units and the chance to fit out three undeveloped upper-floor apartments; the photographs show a heavy project, with stripped-back spaces and a weathered façade. Planning and Listed Building consents for the proposed residential use are not confirmed. Limited photo coverage makes the renovation assessment further provisional.
Key opportunities
- Fit out the three undeveloped upper-floor apartments, shaping the layout and finishes around the building’s character, subject to the necessary consents.
- The two street frontages at Market Place and Queen Street give the property a distinctive, prominent presence.
- Two established tenanted commercial units offer existing rental income alongside the potential upper-floor project.
Key risks
- Stripped-back upper floors, incomplete partitions and open ceilings mean a heavy fit-out and a longer programme than a cosmetic refresh.
- Visible façade weathering and patchy render need inspection; the extent of repairs and appropriate methods may be affected by the Grade II listing.
- Planning and Listed Building consents for the proposed apartments are not confirmed.
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Transport
Nearest stations
Ulverston Rail Station
0.3 miles
Train · Ulverston
Askam Rail Station
4.4 miles
Train · Askam-in-Furness
Dalton Rail Station
4.4 miles
Train · Dalton-in-Furness
Kirkby-in-Furness Rail Station
4.5 miles
Train · Kirkby in Furness
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
£1,185
Based on a loan of £217,500 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
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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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