2-bedroom flat · SY2 6AY
Sold STCListed 271 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with NO UPWARD CHAIN, is this spacious and well presented two double bedroom second floor apartment situated within this modern block of purpose apartments which has the added benefit of a communal lift.
The property occupies a particularly secluded yet highly convenient position within close proximity to excellent amenities and walking distance of the Shrewsbury town centre.
Commuters will be pleased to know that access to the local bypass is also readily accessible. Viewing is highly recommended.
The accommodation briefly comprises of the following: Communal entrance hall with stairs and lift rising to communal second floor landing, entrance hallway, modern open plan lounge/diner/kitchen, two double bedrooms, attractive bathroom, electric heating, double glazing, communal grounds, allocated car parking space.
NO UPWARD CHAIN.
The accommodation in greater detail comprises: Secure communal entrance gives access to: Communal Hallway - With stairs and lift rising to: Second Floor Landing - Door gives access to: Reception Hallway - Having wall mounted telephone intercom system, electric heater.
Door from reception hallway gives access to: Open Plan Lounge/Diner/Kitchen - 6.20m x 3.12m (20'4 x 10'3) - Having three double glazed windows, wall mounted electric heater, telephone and TV aerail point, eye level and base units with built-in cupboards and drawers, fitted worktop with inset stainless steel 1 1/2 sink drainer unit with mixer tap over, integrated oven, four ring electric hob, stainless steel cooker canopy over, free standing fridge freezer.
From reception hallway door gives access to: Two double bedrooms and bathroom.
Bedroom One - 2.95m x 2.74m (9'8 x 9'0) - Having large mirror fronted wardrobe housing pressurised water cylinder unit, double glazed window, wall mounted electric heater.
Bedroom Two - 3.35m x 2.41m (11'0 x 7'11) - Having double glazed window, wall mounted electric heater.
Bathroom - Having a modern three piece suite comprising: Panel bath with mixer shower over, glazed shower screen to side, wall hung wash hand basin, low flush WC, vinyl floor covering, extractor fan to ceiling, wall mounted heated chrome style towel rail.
Outside - There is one allocated car parking space and communal grounds. Services - Mains water, electricity, drainage are all understood to be available to the property.
None of these services have been tested. If there is a telephone installed it will be subject to British Telecom regulations.
Council Tax Band A - Tenue - We are advised that the property is LEASEHOLD.
The vendor/s have informed us these details/charges are applicable: Approximate Length of lease remaining is 239 years Ground rent Included within service charge Ground rent review date and price increase TBC Service charge £135.00 pcm The above charges/lease details have not been verified and confirmation will be forthcoming from the vendor's solicitors during pre-contract enquiries.
Mortgage Services - We offer a no obligation mortgage service through our in house Independent Financial Advisor. Telephone our Office for further details (OPTION 1 SALES).
Referral Fee Disclaimer - Guidance from the Consumer Protection from Unfair Trading Regulations 2008 requires the Estate Agency sector to address the issue of transparency of fees.
Holland Broadbridge refers clients to carefully selected local service companies, as we believe you may benefit from using their services.
You are under no obligation to use the services of any of the recommended companies, though if you accept our recommendation the provider is expected to pay us a referral fee.
Disclaimer - Any areas / measurements are approximate only and have not been verified. VACANT POSSESSION WILL BE GIVEN ON COMPLETION.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Abbey Wharf, Abbey Foregate, Shrewsbury
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