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See how verdicts work3-bedroom bungalow · SY7 9LX
For saleListed 121 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to purchase a 50% share of this well-presented and proportioned semi-detached bungalow situated within the attractive ‘over 50s’ cul-de-sac development on the edge of the popular market town of Craven Arms.
The property features 3 Bedrooms providing comfortable and flexible living space, along with ample off-street parking. EPC ‘C’. .
The property is sold with 50% share of the freehold, with the remaining 50% rented from the local housing association, Connexus.
The following charges are payable to Connexus Housing Association on a monthly basis; rent £451.30, service charge £2.64, building insurance £27.84, ground maintenance £16.64, amounting to a total of £498.42.
There are 80 years remaining on the lease. The property is subject to a restrictive covenant with regard to any future purchaser needing to have a local connection to Craven Arms.
The purchaser will also need to meet three of the local connection criteria which are; .. 1. His or her parents were permanent residents in the area at the time of his or her birth 2.
He or she was a permanent resident in the area for a period of five years as a child and attended a local school 3.
He or she is currently lawfully living in the area and has been for at least the last three years 4.
He or she doesn’t currently reside in the area but has previously done so at some point for 15 continuous years as an adult (they would have to be aged over 33 to qualify) 5.
He or she is currently employed in the area or routinely carries out self-employed work within the area ... 6.
He or she has a confirmed written offer of permanent work within the area which he or she cannot accept unless they are a resident in the area 7. He or she has a parent currently living in the area 8.
If aged over 55 he or she has a close family member currently living in the local area (Close family member is defined as parent, grandparent, child or step child, son/daughter in law, grandchild, brother, sister, uncle, aunt, nephew or niece) 9.
He or she has the support of Craven Arms Town Council or he or she have satisfied Shropshire Council they are a key worker who is essential to their employers future business or service ....
When the term ‘area’ is used above this is the administrative area of Craven Arms Town Council or a five-kilometres radius of the site.
For clarification to ensure you met the above criteria please contact Beverley Riches at Connexus on Ext – 3449 or Beverley. .
Purchasers should note that to acquire a property on this select development you must be aged 50 or over or have a need for care.
Walk Inside Upon entering the property through the front door, you are welcomed into a bright and inviting entrance hall, providing access to all rooms of accommodation.
To the right is a spacious double bedroom, featuring a front-facing window which allows an abundance of natural light to fill the room.
To the left is a further bedroom, again benefiting from a front-facing window, creating a bright and comfortable space, with the added benefit of stylish ceiling downlights.
Continuing through the property, you are greeted by a modern and well-appointed bathroom, comprising of a WC, wash basin with vanity unit, medicine cabinet, tiled walk-in shower and towel rail. .
There is also a useful storage cupboard with fitted shelving providing practical space for household items.
Opposite the bathroom is the third bedroom, currently utilised as a dressing room, offering the added benefit of a walk-in wardrobe.
This versatile space could also be easily adapted to create an ideal home office, perfect for those working remotely. ..
The property then opens into the impressive open-plan kitchen and living area, creating a fantastic social and entertaining space.
The kitchen area features decorative laminate flooring and offers a generous range of wall and base units, an electric oven with gas hob and extractor fan above, along with space for a fridge freezer, washing machine and dishwasher.
The wall-mounted gas boiler is also conveniently positioned within the kitchen area. ...
The living space is truly the focal point of the home, featuring laminate flooring, a stylish electric fire adding warmth and character, and a useful alcove providing the perfect space for a television.
French doors lead through into the bright conservatory, creating an additional seating area with power points and providing access to the rear garden.
Walk Outside The property is approached via a tarmac driveway, providing ample off-street parking.
The front garden is mainly laid to lawn, complemented by a stone section, creating an attractive and practical outdoor space.
The frontage is enhanced by a beautiful Sorbus tree, along with the added convenience of external electric points and side access leading to the rear garden.
The rear garden has been thoughtfully designed for low-maintenance living, featuring a patio seating area ideal for outdoor relaxation, with a stone-laid section providing further space and versatility.
The garden is enclosed by panelled fencing, creating a private and peaceful outdoor setting.
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.
Area
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FAQ
About Roman Downs, Craven Arms, Shropshire
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