1-bedroom flat · SY2 6AY
Sold STCReduced £3k (−2.1%) on 26 MayListed 303 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This appealing one-bedroom ground-floor apartment is located within a modern development within easy reach of the town centre.
Offered with no upward chain, the attractive accommodation provides: Hall, Open plan Living Room/Kitchen, Double Bedroom with built-in wardrobe, 3 piece Bathroom, DG.
Efficient electric heating (EPC C rating), Landscaped communal gardens adjoining the Reabrook nature reserve, providing direct access to lovely walks, and allocated parking space.
Accommodation comprises From the Communal Hallway, entrance door with spyhole. Entrance Hall Wall-mounted heater.
Open Plan Living Room/Kitchen A generous Living Area with a wall-mounted heater and carpet, a range of power points and double-glazed window to the front.
The Kitchen Area has laminate flooring and is fitted with a range of units to two wall areas, laminated worktops with an inset 1 1/2 bowl sink unit, and a tiled surround to the work areas.
Integrated electric oven and 4-ring hob with steel splashback and filter hood above, and space for further appliances. Entry phone.
Bedroom Wall-mounted heater, double-glazed window to the front, built-in double wardrobe/airing cupboard also housing the hot water cylinder.
Bathroom Fitted with a white 3-piece suite providing a bath with a mixer tap and shower fitting and fully tiled walls around, wash basin and WC, heated towel rail, shaver socket/light and extractor.
Outside The property enjoys the benefit of an allocated parking space directly in front of the apartment.
Lease Details The property is held on a 250-year lease from 01.01.2013 with 238 years remaining. Ground Rent and Service Charge tbc.
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
Agent & docs
FAQ
About Abbey Wharf, Mill Road, Abbey Foregate, Shrewsbury, SY2 6AY
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