1-bedroom flat · SY4 5DU
Listing removedListed 171 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculately presented, deceptively spacious one bedroom Ground Floor Apartment which occupies an enviable position on this popular and sought after development on the edge of the busy market Town of Wem.
Entrance door opening to reception hall with deep storage cupboard. Lounge/Dining Room A spacious room featuring three windows overlooking the front, TV and telephone points, two radiators.
Useful storage cupboard.
Kitchen Attractively fitted with units comprising inset single drainer sink unit set into base cupboard, further range of matching cupboards and drawers with round edge worksurfaces over and having inset 4 ring gas fired hob unit with oven and grill beneath and extractor hood over, space for washing machine and fridge freezer.
Matching range of eye level wall units, window to the rear. Inner Hall With useful storage cupboard. Double Bedroom With window overlooking the front, built in double wardrobe, radiator.
Bathroom With suite comprising panelled bath with shower unit over, wash hand basin and WC suite. Complimentary tiled surrounds, radiator, window to the rear.
Information for tenants: Rent: £625 per calendar month Deposit: £721 Monks have considered that the deposit for this property is Equivalent to 5 weeks rent Holding Deposit: £144 Equivalent to 1 Weeks Rent Council Tax Band: A Please confirm the Council Tax band via Shropshire Council Term: Assured Periodic Tenancy Measurements: All measurements are approximate Services: We are advised that mains water, gas and electric are available Viewings: Strictly by appointment with the letting agents Variation of Contract (Tenant’s Request): £50 (inc.
VAT) per agreed variation.
To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents Change of Sharer (Tenant’s Request): £50 (inc.
VAT) per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Keys: Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s).
If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.
If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Early Termination (Tenant’s Request): Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy.
These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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 57, Harris Croft, Shrewsbury
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