3-bedroom flat · SY1 1RU
Listing removedListed 143 days
Opportunity summary
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About
An excellent opportunity to purchase this immaculately presented, two/three bedroom First Floor Apartment with allocated parking.
The apartment has been converted to an exceptionally high standard of specification, located in this prestigious period building which was formerly part of the Priory Boys School.
Set right on the edge of the Town Centre, adjacent to the famous Shrewsbury Quarry with beautiful riverside walks and being a short stroll from all of the local amenities, cafe/restaurant culture and for commuters the Railway Station which has links to London.
The accommodation briefly comprises secure communal Entrance Hall, personal Reception Hall, good sized Living room, Study/Bedroom three, attractively fitted Kitchen with range of appliances, two double Bedrooms and well appointed Jack and Jill Bathroom.
Secure Communal Entrance Hallway Stone steps lead up to the Entrance door with security system and door opening to the communal Entrance Hall. Stairs lead to the First Floor Landing.
Private Entry Door opens to Entrance Hall with wall mounted heater and further door to Inner Hall, wall mounted heater.
Living Room A spacious room with feature high ceiling and sash window to the rear, media point, wall mounted heater.
Bedroom Three/Study With sash window to the front with pleasant aspect across to the famous Shrewsbury Quarry and fitted with plantation style shutter blind. Wall mounted heater.
Kitchen/Breakfast Room Attractively fitted with a range of high quality soft grey gloss units incorporating inset sink with mixer tap set into base cupboard.
Further range of cupboards and drawers with solid work surface over and having integrated washing machine and fridge freezer with matching facia panels.
Inset 4 ring hob with extractor hood over and oven and grill beneath and eye level units over.
Further double base unit with solid work surface which continues to the side to provide breakfast bar seating area, Sash window to the rear, tiled floor, wall mounted heater.
Inner Hallway Principle Bedroom with sash windows to the side and rear. Range of fitted wardrobes, wall mounted heater.
Luxury Jack And Jill Bathroom A well appointed room contemporary style feel with suite comprising shower cubicle with direct mixer shower unit, panelled bath, wash hand basin and WC.
Modern tiled surrounds, heated towel rail, window to the side with plantation style shutter blind. Bedroom Two A further double room with sash window to the front, wall mounted heater.
Outside To the front of Priory House is an attractive landscaped courtyard style garden which is enclosed with brick walling and decorative wrought iron fencing.
Tenure We are advised the property is Leasehold with a share of the freehold and subject to a 199 year lease, with 191 remaining. The annual ground rent and the annual service charge is £1,800.
We would recommend this is verified during pre-contract enquiries NOTE The agent has not been able to verify the availability and nature of services.
All interested parties should obtain verification through their solicitor or surveyor before entering a legal commitment to purchase.
Please note that our room sizes are quoted in metres to the nearest one tenth of a metre on a wall to wall basis.
The imperial equivalent (included in brackets) is only intended as an approximate guide.
We have not tested the services, equipment or appliances in this property; also, please note that any fixture, fittings or apparatus not specifically referred to in these details, is not included in the sale, even if they appear in any internal photographs.
You are advised to commission appropriate investigations and ensure your solicitor verifies what is included in the sale, before entering a legal commitment to purchase.
While we try to make our sales details accurate and reliable,Spencer & Jakeman does not give, nor does any Officer or employee have authority to...
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 Priory Road, Shrewsbury
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