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£1,500,000
POA

2 bed retail property (high street) for sale High Street, Braintree, CM7 1JX

2 beds 4 baths Retail Property (High Street)
Tenure: ask agent

Added yesterday

About this property

Unique opportunity to purchase the freehold of two established commercial units and two one bedroom apartments. The building is situated in a prominent position on the corner of Braintree High Street and Bank Street and has potential subject to planning to potentially extend to add an additional apartment or convert the two retail units into residential. The property is situated backing onto George Yard shopping centre and multi storey carpark and offers excellent access to Braintree station and local shops.

Key features

  • Freehold of two retail units and two apartments
  • Excellent town centre location
  • Two one bed apartments
  • Courtyard garden

Floorplan

Location

High Street, Braintree, CM7 1JX

Council tax
Band D (Approx £2,280/year)

Mortgage and stamp duty

Property price £1,500,000
£750k £2.3m
Deposit10% £150,000
£0 £1.5m
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £1,350,000 mortgage. Most lenders would want a household income of about £300,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Historic sold prices nearby

HM Land Registry sales in CM7 1JX. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
Flat 3, 53, High Street Flat / maisonetteSept 2025753 sq ft £239/sq ft£180,000
Flat 3, 53, High Street Flat / maisonetteMar 2023753 sq ft £222/sq ft£167,500
Flat 2, 53, High Street Flat / maisonetteFeb 20221,324 sq ft £168/sq ft£222,000
Flat 1, 53, High Street Flat / maisonetteDec 2021732 sq ft £205/sq ft£150,000
Flat 2, 53, High Street Flat / maisonetteJan 20191,324 sq ft £144/sq ft£190,000
Flat 3, 53, High Street Flat / maisonette · new buildJul 2013753 sq ft £166/sq ft£125,000
Flat 2, 53, High Street Flat / maisonette · new buildMay 20131,324 sq ft £120/sq ft£159,000
69, High Street TerracedSept 2004£115,000

All sales on High Street → All sold prices in Braintree →

Area insights

The neighbourhood around this property.

Marketed by
eXp UK, Jamie Fisher
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