2-bedroom house · SY2 6BY
Sold STCListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom ground floor apartment is quietly and conveniently located within a purpose-built retirement development, just a short walk of the town centre, having its own private entrance and easy access to the parking area, while offering neatly presented and well-proportioned accommodation throughout.
Mains water, electricity and drainage are connected. Electric heating.
Key Features - * Good sized entrance hall with useful built-in storage * Lovely open plan living/dining room with a feature fireplace, windows to two elevations, and glazed door to side * Fitted kitchen, which is also open plan to the living area, with a range of units and space for appliances * Two generous bedrooms and a modern shower room with double length walk-in shower, sink with vanity unit, and heated towel rail * uPVC double glazed windows and electric heating * A great location on the ground floor of the development, having it's own private entrance from the car park, as well as additional access to all communal areas * The Cedars is a purpose-built development offering a lovely environment for residents to live self sufficiently, with the option to get involved with a thriving community and benefit from additional assistance if required * The House manager is on site from 9am and 5pm Monday/Friday, and there is also a resident's lounge and guest suite available * Private car park for residents and guests and there are very attractive and extensive communal grounds adjoining the Reabrook nature reserve * A great location within walking distance of some excellent amenities and the town centre, as well as a bus top being just stone's throw from the main entrance * Sold vacant with no onward chain Entrance Hall - Living/Dining Room - about 5 x 3.7 (about 16'4" x 12'1") - Kitchen - about 1.8 x 2.4 (about 5'10" x 7'10") - Bedroom One - about 4.6 x 2.9 (about 15'1" x 9'6") - Bedroom Two - about 3.9 x 2 (about 12'9" x 6'6") - Shower Room -
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 The Cedars, Abbey Foregate, Shrewsbury
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