Summary - 1b, Mansfield Road SG7 6EB
3 bed 1 bath House
Freehold three-storey building in Baldock town centre
A three-storey freehold building in Baldock’s Georgian high street offering immediate rental income and ground-floor commercial potential. The first- and second-floor flats currently produce circa £12,960 per year; historically the ground-floor restaurant generated about £13,500, giving a combined annual income around £26,500 and an approximate 7.56% yield at the listed price. The ground floor is vacant (40 covers) and could be re-let, converted to a flat, or adapted to office/café/retail uses to suit local demand.
This compact property (approx. 624 sq ft) suits an investor or small portfolio buyer seeking town-centre exposure and diversification between residential and commercial income. Construction dates from the 1980s, with cavity walls and secondary glazing. Heating is by electric room heaters; flats have EPC grade E. Contents of the restaurant and kitchen are not included in the sale.
Buyers should note material considerations: EPC E for the flats, reliance on electric heating (higher ongoing costs), and secondary glazing only. Council tax banding is awaited. The property is small and requires hands-on management to re-let or refurbish the ground-floor unit if converting it to residential or improving energy performance.
Location is a strong asset—close to free parking, local amenities, good schools and the town’s leisure and hospitality offer—helping lettings or future resale. For investors comfortable with light refurbishment and tenant-management, this offers immediate income with clear potential to increase returns by refitting or re-letting the commercial space.
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