1-bedroom flat · SY3 7NR
For saleListed 62 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** part own your home - shared ownership opportunity *** This fabulous one bedroom Ground Floor Apartment occupies an enviable position within this recently converted former Malting building of historic interest.
Offering superb accommodation with well proportioned rooms and high ceilings. Having Gas Central Heating, spacious open plan Living/Dining/Kitchen, Double Bedroom and Bathroom with Shower unit.
There is an allocated parking space. Prospect House sits in the most popular and sought after Conservation Area in the heart of Belle Vue.
Ideally placed access to the A5/M54 motorway network for commuters.
There are excellent facilities on hand in the nearby vibrant district of Coleham which boasts independent stores, public houses, cafes and takeaways and the Town Centre and Riverside walks are a pleasant stroll away.
Offered for sale on the Shared Ownership Scheme which enables purchasers to start with owning 45% of the property and paying a monthly rental on the remaining share, We have been advised there is a monthly rental of £320.82 and that the properties are leasehold with a monthly service charge of £70.02 inclusive of Ground Rent.
We are advised that the property is available to staircase out to 80% over time and we would recommend this is verified during pre-contract enquiries.
General Information Part own your home - A recently built 2 bedroom home.
High Energy Insulation, Gas Central Heating and Double glazing with spacious accommodation comprising open plan Living/Dining/Kitchen with oven and hob, rear Entrance and Cloakroom, 2 double Bedrooms and Bathroom.
Offered for sale on the Shared Ownership Scheme which enables purchasers to start with owning 25% of the property and paying a monthly rental on the remaining share We have been advised the monthly rental for a 75% share purchase will be £ which we believe includes the service charge.
We are advised that there is a restriction is staircasing out to own up to 80% of the property and would recommend this and the rental is verified during pre-contract enquiries.
Part owning your home can be cheaper than renting and is an excellent way to step onto the property ladder.
Please note - We anticipate these properties being of great interest and advise that the Housing Provider operates on a First Come - First Served basis - subject to qualification and acceptance and there is a local connection restriction to Shrewsbury with the Section 106.
Location Prospect House sits in the most popular and sought after Conservation Area in the heart of Belle Vue. Ideally placed access to the A5/M54 motorway network for commuters.
There are excellent facilities on hand in the nearby vibrant district of Coleham which boasts independent stores, public houses, cafes and takeaways and the Town Centre and Riverside walks are a pleasant stroll away.
Spacious Lounge Area An excellent sized Reception Room with TV point, radiator, Fitted carpet.
Kitchen/Dining Area The Kitchen Dining Area is fitted with a range of grey fronted high gloss units comprising cupboards and drawers with worksurfaces over and having space for washing machine, oven and fridge freezer.
Matching range of eye level wall units and extractor hood. Radiator. Inner Hallway With storage cupboard housing gas central heating boiler.
Bedroom With window to the front, built in double wardrobe, fitted wall bed head lights, radiator.
Bathroom Attractively fitted with contemporary suite comprising panelled bath with direct mixer shower unit over, wash hand basin set into vanity unit and low flush WC suite. Heated towel rail.
Outside Allocated parking space. General Information Tenure We are advised the property is Leasehold and subject to a 198 year lease, with 191 remaining.
We would recommend this is verified during pre-contract enquiries.
We have been advised there is a monthly rental of £320.82 and that the properties are leasehold with a monthly service charge of £70.20 inclusive of Ground Rent.
We are advised that the property is available to staircase out to 80% over time and we would recommend this is verified during pre-contract enquiries.
Services We are advised that mains water, gas, electricity and drainage are connected.
Council tax banding As taken from the website we are advised the property is in Band B - again we would recommend this is verified during pre-contract enquiries.
Financial services We are delighted to work in conjunction with the highly reputable `Ellis-Ridings Mortgage Solutions’ who offer free independent advice and have access to the whole market place of Lenders.
We can arrange for a no obligation quote or please visit our website where you will find the mortgage calculator.
Legal services Again we work in conjunction with many of the Counties finest Solicitors and Conveyancers. Please contact us for further details and competitive quotations.
Removals We are proud to recommend Daniel and his team at Homemaster Removals. Please contact us for further details.
Need to contact us We are available 8.00am to 8.00pm Monday to Friday, 9.00 am to 4.00pm on a Saturday and 11.00am to 2.00pm on Sunday, maximising every opportunity to find your new home.
Important Notice - Monks for themselves and for the vendors of this property, whose agents they are give notice that: These particulars provide a general outline only for the guidance of intended purchasers and do not constitute part of an offer or contract.
All descriptions, dimensions and distances are approximate, references to state and condition, relevant permissions for use and occupation and other details are provided in good faith and believed to be correct.
No person in the employment of Monks has any authority to make or give any representation or warranty whatever in relation to this property.
Electrical and other appliances mentioned in these particulars have not been tested by Monks. Therefore prospective purchasers must satisfy themselves as to their working order.
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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FAQ
About Apartment 12, Prospect House, Belle Vue Road, Shrewsbury
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