2-bedroom flat · SY1 2AJ
Sold STCListed 271 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A particularly spacious second floor apartment, set in a Grade II listed building, offering character features and excellent scope for improvement, positioned in a highly sought after town centre location.
Directions - From Halls Barker Street office turn right and proceed up Shoplatch through to Pride Hill, continue onto Castle Street, passing Marks and Spencers on the left and then take the next left turn into School Gardens.
Follow the road around to the right and the property will be seen after a short distance on the left hand side up some steps.
Situation - The property occupies a charming location, within an important and historical Conservation Area of the town, close to a number of other striking period buildings including the Library and Shrewsbury Castle.
The property sits off a flagged 'no through' road and is within a very short walk of town centre shops, restaurants and pubs.
The railway station is also only a short walk away, whilst those who commute outside the town, will find that there are a number of routes, both north and south, linking through to the regions major commercial centres.
Description - This Grade II listed second-floor apartment occupies a highly desirable town centre position, within easy walking distance of a fashionable array of shops, cafés, restaurants and leisure facilities, as well as the mainline rail station.
It also has a lovely aspect towards the impressive library and historic Shrewsbury Castle.
The accommodation is deceptively spacious with elements of character and offering generous proportions throughout.
The property presents excellent scope for further improvement, with particular attention to the kitchen and bathroom areas, allowing prospective purchasers a superb opportunity to incorporate their own style, design and specification.
The accommodation is generous and includes a sitting room which opens through to the Kitchen and dining area.
There are 2 bedrooms, one of which has offers a wealth of exposed timbers, and the other a lovely aspect, both bedrooms are served by the bathroom.
Combining period charm with an exceptionally convenient location, this property will appeal to a wide range of buyers seeking character, space and the chance to add value.
General Remarks - Anti-Money Laundering (Aml) Checks - We are legally obligated to undertake anti-money laundering checks on all property purchasers.
Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required.
This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
Fixtures And Fittings - Only those items described in these particulars are included in the sale. Terms Of Lease - 199 year lease – commenced 2001. Ground rent - £50 per annum.
Service charge - 24% of the charge of the services set out in parts I & II in the third schedule. Services - Mains water, electricity, drainage and gas are understood to be connected.
None of these services have been tested. Council Tax - The property is in Council Tax band 'B' on the Shropshire Council Register.
Viewings - By appointment through Halls, 2 Barker Street, Shrewsbury, SY1 1QJ.
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 2, 4A School Chambers, School Gardens, Shrewsbury, SY1 2AJ
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