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    1. Home
    2. Nottingham properties
    3. Detached house for sale in Market Place, NG34
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    1 / 5

    Former Barclays Bank, 21 Market Place, NG34 7ST

    Detached house · NG34 7ST

    5,003 sq ft
    Asking
    £250,000

    For sale · Listed 3 days

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    About

    The property

    THE PROPERTY **Rare opportunity** Landmark listed freehold property offering 5003 sq ft over three floors, offering scope for re-development/investment. Vacant possession.

    HUGE POTENTIAL - NEW ROOF - ONE OFF OPPORTUNITY - FORMER BACLAYS BANK. Huge scope to split the ground floor into smaller retail/office units with apartments over - subject to the necessary consents.

    Grade 2 listed bank (listed class E) CEPC (D) Freehold Recently had a new roof at considerable expense to the vendors.

    (see below) The work undertaken at Market Place was: - Strip out old roof and dispose - Supply and install new roofing felt - Supply and install new batons - Supply and install new slates - Supply and install loft insulation to replace the insulation removed by Rentokil - Supply and install new guttering - Supply and install new downpipe, unblocking and restoring the connection to the internal downpipe - Localised external decoration to cover the rust stains from the downpipe LOCATION The property is located in the town centre of Sleaford, at the junction of Market Place, North Gate and South Gate.

    It accommodates a three storey Grade II Listed Bank (Use Class E). The site faces Market Place to the north, South Gate to the west and adjoins other buildings to the east and south.

    Sleaford is an established Market Town in the middle of the County of Lincolnshire being approximately 17 miles South of the City of Lincoln and where the A15 bypasses the Town providing valuable communication links via the road network to both the A1 at Newark, which is approximately 22 miles away, and towards Boston and the East Coast.

    Sleaford has a resident population of approximately 14,500 people and has an established and expanding catchment area.

    ACCOMMODATION Arranged over three floors, being a former bank the property has useful large bank safes, currently arranged as banking hall on the ground floor, with attractive offices and staff welfare rooms on the first and second floors.

    Offering an attractive outlook over the town through the period sash windows. AMENITIES Currently set out as a banking hall with associated offices etc SERVICES All main services connected.

    TERMS Freehold property. North Kesteven District Council North Kesteven District Council VAT The sale is exclusive of VAT if applicable. LEGAL COSTS Each party responsible for their own legal costs.

    VIEWING Strictly via the agents James & Co

    Vacant
    Character

    Key information

    Price per sq ft
    £50/sq ft
    Based on 5,003 sq ft (465 sq m)
    Floor area
    5,003 sq ft (465 sq m)
    Tenure
    Freehold
    Local authority
    North Kesteven
    District
    County
    Lincolnshire County
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    Value & comps

    What is it worth?

    No previous sales on record.

    Comparable salesNo comps yet
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    Returns

    What does it return?

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    Archie refurb estimate: a Pro feature·

    Feeds your report · not a commitment

    0.0% below asking

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    Investment Disclaimer

    This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

    All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.

    Past performance does not guarantee future results. Tax implications vary by individual circumstances.

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    Deal

    Is it a deal?

    ✨
    Archie’s verdict
    PursueArchie has scored this property.
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    4/100
    Deal score · weighted
    Weak signals — move on

    Factor breakdown
    BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.
    0/25
    Yield potential—
    0/25
    Motivation signalsNot enough data
    0/25
    Days on market3 days
    4/25
    —
    Seller motivation
    Not scored yet

    Days on market3
    Price reduction—
    STC fall-through—
    Back to market—
    Agency change—
    EPC rating—
    Listing timeline
    Still activeDay 3 on marketToday
    Strategy fit
    No strategy scores available yet.
    Article 4No HMO Article 4 held

    HMO Conversion Potential

    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.

    Tier, yield projection, and cost stack — Pro tier only.

    PD Conversion Potential

    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.

    Tier, route, yield projection, and cost stack - Pro tier only.

    BRRR Candidate

    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.

    Tier, refurb cost, ARV, and refi maths - Pro tier only.

    Plot subdivision potential

    Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

    Lease extension arbitrage

    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.

    Serviced Accommodation

    Pro

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    Rent-to-Rent strategy fit

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    Area

    The area

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    Location
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    NG34 · Live market data · detached only
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    Agent & docs

    Move it forward

    Listing agent
    James & Co, Great Dunmow logo
    James & Co, Great Dunmow
    listed on rightmove
    01371876678
    The Chestnuts, Stortford Road, Dunmow, CM6 1DA
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    Questions

    About Former Barclays Bank, 21 Market Place

    How much is Former Barclays Bank, 21 Market Place?
    The asking price is £250,000.
    What kind of property is Former Barclays Bank, 21 Market Place?
    A detached house in NG34 7ST.

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