1-bedroom flat · SY3 8QT
Sold STCListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An impressive, one-bedroom, ground floor apartment which enjoys the rare benefit of having its own private entrance.
Since purchasing in 2020, the current owner has carried out a full refurbishment of the property.
The location is one of the apartments key assets, in a sought after setting close to the town centre, Theatre Severn and a variety of restaurants, clubs and riverside walls.
The accommodation starts with an entrance lobby leading through to the kitchen which has been fully refitted with a range of contemporary units, ample space for appliances and 2 double glazed windows.
The living room has a contemporary heater and window to the front and a useful recess with book shelving/recess which would make an ideal study area.
There is an exceptionally spacious double bedroom, again with a contemporary heater and the shower room has been fully refitted offering a large shower cubicle, wash basin with cupboard beneath and WC.
The airing cupboard has a new hot water cylinder with store cupboard above. Outside there is a communal drying and seating area. .
The property is leasehold with 153 years remaining on the lease (expiring on 31/05/2179). Ground rent included in the service charge and is £85 per month.
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 Alma House, Alma Street, Mountfields, Shrewsbury, SY3 8QT
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