2-bedroom house · SY4 5EZ
Listing removedReduced £20 (−2.5%) on 24 JunListed 166 days · slow let
Opportunity summary
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About
A charming, double fronted two bedroom cottage which offers deceptively spacious accommodation and occupies an enviable position on this popular terrace on the edge of Wem.
The accommodation briefly comprises of good size lounge, attractive fitted kitchen diner, inner hall, bathroom and two bedrooms. Externally the property benefits from garden and driveway.
The property also benefits from Gas Central Heating. Viewing Highly recommended. Location The property occupies an enviable location on the edge of the popular North Shropshire market Town.
Ideally placed for the excellent amenities Wem has to offer including supermarket, shops, schools, doctors, restaurants and public houses, churches and railway station with excellent links to the County Town, Crewe and London.
Lounge With feature decorative cast iron fireplace and wooden surround, two radiators, two windows to front, storage cupboards. Door to inner hall and kitchen.
Inner Hall With shelving and door to Bathroom Attractively fitted with panelled bath with shower over, wash hand basin and low flush WC, heated towel rail, tiled surround to walls, window to rear.
Kitchen Diner Attractively fitted with base units with single sink drainer unit with worksurfaces over and matching eye level units, built in single oven and electric hob.
Space for washing machine and fridge freezer. Tiled flooring. Radiator. Space for dining table. Windows and door to rear.
Stairs rise from Lounge to first floor landing with window and open access to; Bedroom With vaulted ceiling, window to front, exposed wooden floorboards, cupboard housing gas central heating boiler, decorative cast iron fireplace, radiator.
Bedroom With window to front and radiator. Outside The rear has a sun terrace with outside brick built store and leads to driveway providing off street parking.
The front garden is mainly laid to lawn with floral borders and garden shed. Please note access to the enclosed front garden is via neighbouring properties.
Information for tenants: Rent: £795 per calendar month Deposit: £917 Monks have considered that the deposit for this property is Equivalent to 5 weeks rent Holding Deposit: £183 Equivalent to 1 Weeks Rent Council Tax Band: B Please confirm the Council Tax band via Shropshire Council Term: Assured Periodic Tenancy Measurements: All measurements are approximate Services: We are advised that mains water, gas and electric are available Viewings: Strictly by appointment with the letting agents Variation of Contract (Tenant’s Request): £50 (inc.
VAT) per agreed variation.
To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents Change of Sharer (Tenant’s Request): £50 (inc.
VAT) per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Keys: Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s).
If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.
If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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 3 Tilley Terrace, Mill Street, Wem
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