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28 Recreation Ground Road, Stamford

East of England

£380,000

Listed on 14/11/2026

The listing

Property details

Bedrooms
N/A
Type
Office
Area
1871 sqft

Features

  • Parking

Description

This three-storey freehold building is currently arranged as offices, with separate access to the ground floor and basement from Recreation Ground Road. The accommodation totals approximately 1,871 sq ft across a 813 sq ft basement, 540 sq ft ground floor and 518 sq ft first floor. The basement includes an open-plan office or breakout area, kitchenette, bathroom and storage; the ground floor has a large front office, kitchen and bathroom; and the upper floor contains two office rooms and a landing. Rear driveway parking is accessed via shared access from New Street. The property is offered with vacant possession and could continue in office use or be considered for conversion to a dwelling, subject to the required planning consents. An application for change of use is under consultation, reference S26/1275. The building has single glazing throughout, with some secondary glazing. Mains water, gas, electricity and drainage are understood to be connected, but services and equipment have not been tested. The EPC rating is D.

WHOTS analysis

Our WHOTS verdict

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

71out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £380,000, this three-level building is a notably low-cost acquisition against the local benchmark: about £203 per sq ft versus £345. Its separate access to the ground floor and basement, rear parking and position beside Stamford Recreation Ground give the project useful starting points, while the current office layout offers scope to shape the space for a future residential use. A change of use is under consultation, not confirmed, so the consent route needs checking before relying on a conversion plan.

This is a heavy project rather than a cosmetic refresh. The office finishes are dated, and the basement has damaged, patched and stained surfaces that warrant investigation; the visible exterior appears generally intact. Limited photo coverage makes the renovation assessment further provisional.

Key opportunities

  • Rework the three-level former office accommodation into a layout suited to the intended use, subject to securing the necessary residential consent.
  • Make use of the separate ground-floor and basement access, with rear parking adding practical flexibility.
  • Refresh the dated commercial finishes and investigate the basement surfaces to establish a clear improvement scope.

Key risks

  • The basement has damaged and stained finishes that need investigation before the repair specification is settled.
  • Three levels of former office space and deteriorated basement finishes make this a substantial conversion and interior programme, not a cosmetic refresh; allow for careful sequencing and a verified scope.
  • Residential change of use remains under consultation, so the conversion depends on the necessary planning consent.

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Map

Location

28 Recreation Ground Road, Stamford
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Transport

Nearest stations

  • Stamford Rail Station

    0.6 miles

    Train · Stamford

  • Oakham Rail Station

    10.8 miles

    Train · Oakham

  • Peterborough Rail Station

    11.2 miles

    Train · Peterborough

  • Corby Rail Station

    14.6 miles

    Train · Corby Village

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
£1,553
Based on a loan of £285,000 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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