2-bedroom flat · TF11 8BG
Listing removedListed 203 days
Opportunity summary
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About
Situated in the charming market town of Shifnal, this beautifully presented top-floor apartment forms part of a well designed historic mill conversion in Shifnal and offers an excellent opportunity to step onto the property ladder through a 50% shared ownership scheme.
Perfect for first-time buyers, professionals, or those looking to downsize, the property combines modern living with a convenient location close to local amenities and transport links.
The apartment is located on the top floor of a well-maintained development and benefits from a bright and airy atmosphere throughout.
Upon entering, you are welcomed by a spacious hallway leading into a generous open-plan living and dining area, ideal for relaxing or entertaining.
Large windows allow plenty of natural light to fill the space, creating a warm and inviting environment.
The modern fitted kitchen is thoughtfully designed with a range of wall and base units and ample worktop space, making it both practical and stylish.
The property offers two well-proportioned double bedrooms.. A contemporary bathroom suite completes the accommodation, finished to a high standard with modern fittings.
Additional benefits include allocated parking and secure communal entry. Shifnal itself is a highly desirable town offering a selection of independent shops, cafés, restaurants, and local services.
The property is ideally positioned for commuters, with Shifnal railway station providing direct links to Wolverhampton, Birmingham, and beyond, while the nearby M54 offers excellent road connections.
This attractive apartment represents a fantastic opportunity to purchase an affordable home in a popular location with the added benefit of shared ownership.
Leasehold 81 Years remaining - 50 % remaining rent charge - £358.26pcm Service Charge - £56.23 pcm.
Please Note ** All the properties in Cornmill Gardens, Shifnal have a Local Connection Criteria see below : Bridgnorth Council nomination rights No 106/contractual conditions Local Lettings Criteria Applies To be eligible for this property you must either 1.Person/s whose primary residence has been within the Parish of Shifnal for a minimum of three years 2.Person/s whose parents, grandparents, siblings or adult children or grandchildren have had their primary residence in the Parish of Shifnal for a minimum of three years 3.Person/s who have previously been resident within the Parish of Shifnal for at least three out of the last ten years 4.Person/s whose primary place of permanent work is within the Parish of Shifnal”
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.
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