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Semi Detached to a Business

How does being semi detached to a business as opposed to another residential properly affect house price or future sale potential. I appreciate a semi will always be less desirable than a detached property but does a business or a residential attachment make any difference? For context the property is a 6 bed, 3 story Victorian town house and the attached business is an accounting firm. The house has been on the market for a year and been dropped from 620k to 550k. It needs work but has good potential. The location is locally known as being exclusive and detached houses on the road go for around 800k. Not sure whether its time on market is driven by the attachment issue or it just being overpriced? I'm a little put off by it being a semi but don't know whether it being attached to a business should make me feel otherwise? Would love to know peoples thoughts.

Asked on Sep 28 2017, House Prices in Northamptonshire | Report content

Answers (2)

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  • Hello - I think it would depend on the type of business that runs from the property and how disruptive it will be. Commercial property tends to be valued differently residential so there are a number of other factors that could come into play here. Would you mind sharing the property here? May help contextualise the issue you are having a bit better. Thanks

    Answered on Oct 6 2017, Report content
  • I assume the business occupies the other half of the large semi-detached house. How long has the business been established there? Is the planning permission for business use in order? Does it still maintain the appearance of a house or has the garden been turned into a car park? Advantage of having an office business next door is that you are unlikely to have noisy neighbours, especially at evenings and weekends. When such houses are turned into offices it usually implies they are quite close to a town centre, that the area is not 'quiet residential'. Try looking at the council's local plan, is the area going 'up' or 'down': reverting to residential big houses, flat conversions, or becoming a business district?

    Answered on Oct 12 2017, Report content

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