Summary - 9 Richmond House, East Street, CREWKERNE TA18 7AB
1 bed 1 bath Commercial Property
Grade II listed block with potential to boost rents to £47,040pa.
Freehold Grade II listed four-storey town centre building
An appealing Grade II listed, mixed-use freehold in Crewkerne’s main street, currently producing £39,840 per annum from six tenanted apartments. The building has been recently redecorated and presents traditional Georgian character, four storeys, and a communal rear garden shared by tenants. The former commercial unit at ground floor is being converted back to residential and has an estimated rental value (ERV) of £7,200 per annum, giving clear scope to increase total income to around £47,040 per year.
This is a hands-on investment: the property’s listed status brings attractive period features but also planning and maintenance responsibilities. Although generally in good decorative order, some elements (sash windows, communal stair, and narrow hallways) will require ongoing upkeep. The location is prominent and commercially viable, with good transport links and local amenities nearby, supporting steady rental demand.
Practical considerations for a buyer: current rents can be raised towards market levels, but the Grade II listing may limit alteration options and could complicate future conversions or external works. Crime in the area is above average, and some flats are compact, suiting single occupants or couples rather than families. The freehold sale transfers responsibility for long-term maintenance and any listed-building consents.
Overall, this is a compact, income-producing, character-rich block offering immediate yield and short-term uplift potential from the returning unit, best suited to an investor experienced with listed properties and active asset management.
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