Summary - 15 15 15 Newland Street, Coleford GL16 8AN
Grade II listed three-storey commercial building totaling circa 501m2 internal area
Large rear outbuildings and yard with circa ten vehicle parking spaces
Freehold vacant possession – commercial use with residential potential
Architect proposals for 2x terraces, detached house and ~6 flats (no planning)
Requires significant refurbishment; listed status will complicate works
Medium flood risk — check insurance and mitigation costs
High local crime rate — factor into lettability and security costs
Close to Coleford centre and Forest of Dean, good local amenities
This substantial Grade II listed freehold on Newland Street offers a rare development opportunity for an imaginative investor or small developer. The three-storey former shop with large outbuildings and a yard totalling circa 501 m2 (5,398 sq ft) sits just outside Coleford town centre, with easy access to local amenities and the Forest of Dean.
The site includes off-street parking for about ten vehicles and sizable single- and two-storey rear buildings suitable for storage, production or conversion. Architect proposals exist for redevelopment to 2 x 2/3-bed terraces, a detached 3-bed house and around six flats, but no planning consent is in place—interested parties must pursue permissions with the local authority.
Important constraints are clear: the property is Grade II listed, which will complicate alterations and increase consent and refurbishment costs. There is a medium flood risk and the area records higher-than-average crime levels, both material factors for lettings, insurance and resale value. The building requires work and modernisation; services are understood to be available but should be independently verified.
Offered freehold at £420,000, this property suits a buyer who understands listed-property constraints and wants a substantial, centrally located site with parking and clear scope for residential redevelopment (subject to planning). Architect plans can be provided on request for purchasers who wish to assess the proposed layout.
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