We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · TF9 1PB
Listing removedReduced £14.9k (−11.5%) on 17 SepListed 344 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Directions: Access in to Mercian Court is to the side of our town centre, Cheshire Street office, here in Market Drayton.
Every so often a ground floor apartment comes on to the market in Mercian Court and when they do, they tend to generate a lot of interest and to appreciate everything this impressive two bedroom apartment has to offer, we recommend an internal inspection.
The rooms are all good sizes, there is a modern kitchen, modern shower room and from the lounge, a uPVC double glazed door opens to the communal gardens.
For peace of mind the apartment is fitted with emergency pull cords for the warden and the development is accessed under a high arched, gated entrance and is well lit in the evenings.
With Mercian Court being located in the town centre of Market Drayton, you are only a short walk from the local amenities and every Wednesday, Cheshire Street is closed to make way for the street market.
The full living accommodation comprises: Front porch, reception hall, lounge, modern kitchen, two bedrooms, modern shower room, electric heating, uPVC double glazed windows, communal gardens and communal parking.
Market Drayton is a small market town in north Shropshire , close to the Welsh Border.
It is on the River Tern , between Shrewsbury and Stoke-on-Trent , and was formerly known as " Drayton in Hales " (c. 1868) and earlier simply as " Drayton " (c. 1695).
Market Drayton is on the Shropshire Union Canal and on Regional Cycle Route 75. The A53 road by-passes the town. The counties of Staffordshire , Cheshire , and the Welsh Border are close by.
Market Drayton has a lot to offer including all the beautiful architecture, fantastic street market every Wednesday, Cinema, public houses, a variety of restaurants, swimming baths, nursery, primary, secondary and sixth form colleges.
Front Porch Having a useful built-in bin cupboard, ceiling light and a part glazed front door opens into the living accommodation.
Reception Hall: 13’4” (4.06m) x 3’4” (1.02m) With ceiling coving, useful built-in store cupboard, ehc electric radiator and doors open to all of the rooms.
Lounge: 13'3” (4.04m) x 10'4" (3.15m) Having a uPVC double glazed door opening to the rear elevation, with uPVC double glazed windows either side, emergency pull cord, ceiling coving, serving hatch from the kitchen and an ehc electric radiator.
Kitchen: 8’6” (2.59m) x 5’11” (1.80m) Housing a range of modern fitted wall and base storage units, butchers block effect work surfaces, single drainer sink with mixer tap over, fitted glass and stainless steel electric oven, four ring electric hob with cooker hood over, space for fridge/freezer, space for washing machine, part tiled walls, wood effect flooring and a uPVC double glazed window to the rear elevation.
Bedroom One: 11’7” (3.53m) x 10’4” (3.15m) Having a uPVC double glazed window to the front elevation and electric heater.
Bedroom Two: 11’8” (3.56m) x 7’4” (2.24m) Having a uPVC double glazed window to the rear elevation, electric heater, airing cupboard housing the hot water cylinder and built-in cupboard.
Shower Room: 7’4” (2.23m) x 5’7” (1.70m) Fitted with a modern white suite comprising: Good sized shower cubicle with a sliding glazed screen, pedestal wash hand basin, low level wc, electric heater, emergency pull cord, wood effect flooring, tiled walls and an obscure uPVC double glazed window to the front elevation.
Outside The communal gardens are landscaped with shaped lawns, seating areas, planted borders, all are well maintained and there are communal parking spaces.
Id Checks Once an offer has been accepted on a property being marketed by S & J Property Centres, we are required by law to complete id verification checks for money anti-laundering.
The cost is £30.00 inc. VAT per buyer. This becomes payable when an offer is accepted and prior to a memorandum of sale being issued. Please note, this charge is non-refundable.
General Information Services Mains water, electricity and drainage. Central Electric storage heaters and electric heaters serving rooms as listed.
Heating Tenure Understood to be leasehold, subject to confirmation from vendor’s solicitor. Council Band B please confirm before exchange of contracts. Tax Energy To be confirmed.
Rating Ground £96.00 per annum, please allow your solicitor to confirm before exchange of contracts Rent takes place. Service £3,049.63p per annum.
Please allow your solicitor to confirm Charge before exchange of contracts takes place.
Viewing Strictly by appointment via S & J Property Centres, 75 Cheshire Street, Market Drayton, Shropshire, TF9 1PN. Subject to contract. Vacant possession on completion.
Aml Regulations: To ensure compliance with the Anti Money Laundering regs: All intending purchasers will be asked to provide us with identification prior to the paper work being issued.
Subject to contract. Vacant possession on completion. We have not tested, where mentioned, the appliances, central heating or other services.
Interested parties are advised to make their own enquiries and investigations before finalising their offer to purchase.
Room sizes shown are to be used as a guide only and not to be taken as accurate and also should not be relied upon for carpets and furnishings.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 11, Mercian Court, Cheshire Street, Market Drayton
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