27 High Street, Huntingdon, Cambridgeshire, PE29 3TA

Description

A Vacant Grade II Listed Mid Terrace Former Office Building. Potential for Conversion to Residential (Subject to Obtaining all Relevant Consents)

Accommodation

Ground Floor: Retail Space, G.I.A Approximately 371 sq ft (34 sq m). First Floor: Office Space, G.I.A Approximately 277 sq ft (25 sq m). Second Floor: Office Space, G.I.A Approximately 277 sq ft (25 sq m).

Location

The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Sainsburys and Boots. The open spaces of Meadow Gardens Play Area are within easy reach. Transport links are provided by Huntingdon rail station.

Tenure / Property Information

Investment Analysis

The property is a vacant freehold Grade II Listed former office/retail building of approximately 925 sq ft across three floors. Residential conversion is only potential and is subject to all relevant consents. The £403,500 2025 sale at 24A High Street is described as Other and is not sufficiently comparable to establish value. The two older High Street sales from 2003 and 2004 are stale and unsuitable for a current valuation. No supported market value or GDV can therefore be established from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on the basis of a residential conversion or rental strategy until planning and listed-building feasibility, condition, costs and end value are independently confirmed. The supplied evidence does not support a numerical bid.

Works Required

Investigate planning and listed-building consent for any residential conversion, review the legal pack and commission a full condition survey. Any layout alterations, building works or EPC improvements should only be specified and costed after the necessary consents and survey evidence are available.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. Residential conversion requires relevant consents, while refurbishment costs, completed value, finance costs and achievable rent are unknown. The £1,800 inc VAT administration charge is known, but other possible disbursements and special-condition charges are not quantified.

Buy-to-Let Analysis

A 1-bedroom flat rental listing in Stukeley Meadows at £575 pcm is only advertised asking-rent evidence for another property and does not establish the achievable rent for this unconverted building. The subject is currently vacant commercial/former office accommodation, with no passing rent supplied. BTL yield cannot be calculated and residential use is not confirmed.

Flip Analysis

A flip appraisal cannot be established because there is no supported residential GDV, refurbishment budget or selling-cost allowance. The available comparables are either materially different, very old or insufficiently described for a reliable resale valuation.

Investor Risks & Due Diligence

• Grade II Listed status may constrain alterations and require listed-building consent.

• Residential conversion is only potential and is subject to obtaining all relevant consents.

• The property is vacant and no passing rent is supplied.

• Condition, refurbishment requirements and conversion costs are unknown.

• The EPC is rated E.

• Possible legal-pack disbursements, search fees, seller-cost reimbursements, legal fees and transfer fees are not quantified.

• The supplied rental evidence relates to an advertised 1-bedroom flat elsewhere and may not represent this property.

Recommendation

Do not bid on the basis of a residential conversion or rental strategy until planning and listed-building feasibility, condition, costs and end value are independently confirmed. The supplied evidence does not support a numerical bid.

Strategy Rating

Analysis Confidence

The accommodation, tenure, vacancy, Grade II Listed status, guide price and one known administration charge are supplied, but there is no reliable comparable valuation, confirmed planning position, condition report, refurbishment budget, residential GDV, achievable subject rent or complete fee schedule.