1-bedroom house · HR6 8AA
Listing removedReduced £10k (−8.3%) on 20 JunListed 753 days
Opportunity summary
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About
Located In Heart Of Market Town Of Leominster | Combined Commercial & Residential, Grade II Listed, Freehold Property | Planning Permission Granted For Full Residential Dwelling | Currently Offers Ground floor Shop Premises | Separate First & Second Floor, 1 Bed Flat | Investment property | Chain Free The property commands a prominent position just off corn square, in the heart of the market town of Leominster.
The town is strategically located on the A49 linking South Wales to Manchester and the A44 Worcester to mid Wales route. The town is also on the Manchester-Cardiff railway.
The city of Hereford is 13 miles away, Worcester 26 miles and Shrewsbury 36 miles.
3 School Lane comprises a freehold, Grade II Listed terraced property, which offers a ground floor commercial/shop premises and a separate, self contained flat to the first and second floor.
An ideal investment property set in the heart of the market town of Leominster. The property also benefits from planning permission granted to create a complete residential dwelling.
Ground Floor Shop Premises Benefiting from a double frontage with a central glazed door opening to the main shop area which has ceiling lighting, exposed timber features, power points and fitted wall shelving.
Opening out to the rear of the shop is a kitchenette area with stainless steel single drainer sink unit, further corner sink unit, ceiling lighting and fitted shelving.
A door leads to an inner hall with wall mounted, corner handwash basin, ceiling light and further door to a cloakroom/WC. From the rear of the shop there is access to a small cellar.
The ground floor shop has planning permission granted to change of use from retail to complete residential dwelling.
First & Second Floor, Self Contained Flat To the side of the shop, there is a right of access through an enclosed passageway to the rear of the property where the front door of the flat opens to a hallway with staircase leading up to the first floor.
The accommodation includes a kitchen and good sized living room. Further stairs from the kitchen then lead up to the second floor where there is a bathroom with door off to the double bedroom.
Planning Permission Planning permission has been granted - proposed change of use from retail on ground floor to a complete residential dwelling - Application No: 250468. Date: 14 November 2025.
The development hereby permitted shall be begun before the expiration of three years from the date of this permission.
Services & Expenditure Information Tenure: Freehold Services: Main Electricity, Water & Drainage Council Tax Band: A Business Rates: Rateable value £2,600 Rate Payable £1,297.40 (eligible for Small Business Rate Relief) Broadband availability: 1000 Mbps Phone Coverage: 4g Available and can be found at The property is located in an allocated conservation area.
The property is Grade II Listed
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
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.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 3 School Lane, Leominster
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