2-bedroom house · PE38 9HF
For saleListed 133 days
Opportunity summary
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About
**guide price £400,000 - £420,000** A striking, and substantial, Grade II Listed building, positioned within the heart of the Town currently configured to provide a commercial space of around 900 square feet on the downstairs, along with 2 self-contained apartments directly above.
Sited at the entrance to the Town centre, "Canon House" has always been a prominent landmark, more so as it continues to house the Town’s longest established, and highly regarded hairdressing salon.
Over these successful years, the property has been adapted and maintained very sympathetically, securing, and retaining its originality, some of which is believed to date to the 17th century.
Most recently, the apartment to the top floor has been beautifully renovated producing an open-plan, contemporary feel, boasting tall ceilings and exposed beams.
The property (living and rental accommodation included) is now being sold as a whole, presenting an ideal opportunity for those wishing to carry on a similar business or for anyone wishing to explore any other commercial opportunities that could exist within this expanding Market Town.
John Lester Hair Design (Ground Floor) The ground floor is occupied by the hairdressing business and is owned by the occupier who operates the salon.
Measuring almost 900 square feet in total, the whole area is open and spacious, providing an excellent level of facilities for multiple stylists along with both reception, utility and WC space.
This area includes the conservatory to the rear. The current owner would be happy to continue to rent the ground floor as the salon, if this would be the preference of the new owner.
Conservatory/Salon 15’1” x 11’0” (4.60m x 3.36m) Main Salon 20’10” x 14’7” (6.36m x 4.46m) Reception 10’11” x 9’6” (3.34m x 2.92) Utility Area W.C.
Store Middle Floor Apartment Accessed separately from the rear of the building although there is an original staircase leading internally which could be restored if needed.
Currently let on an assured shorthold Tenancy – monthly rental income available on request.
Lounge 14’6” x 14’2” (4.43m x 4.33m) Bedroom 11’4” x 7’10” (3.46m x 2.41m) Kitchen 8’11” x 7’6” (2.73m x 2.31m) Bathroom 6’9” x 6’1” (2.06m x 1.86m) Top Floor Apartment Used as private accommodation and accessed via the rear of the building, leading up from the same entrance hall accessing the apartment below.
Open Plan Living/Kitchen/Dining Area 31’6” x 15’2” (9.61m x 4.64m) Bathroom 11’1” x 6’3” (3.40m x 1.93m ) Bedroom 13’2” x 8’0” (4.02m x 2.45m) Outside Directly to the rear, there is an enclosed, pretty courtyard.
This provides access to the rear of the salon and via a staircase, to the first floor flats. Agents Notes: The property has mains gas heating.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
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Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
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Area
Agent & docs
FAQ
About 57, High Street, Downham Market
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