3-bedroom house · SY8 3BZ
Listing removedListed 191 days
Opportunity summary
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About
A detached 1930's 3 bedroom bungalow set in around 0.5 acres of gardens on the edge of this small hamlet in the south of Shropshire close to the Herefordshire and Worcestershire borders and surrounded by stunning countryside offering excellent walking and incredible views.
Introduction The property was built in the 1930's and was originally occupied by a school teacher and then a local vet who extended the property.
It was purchased by our client in the 1980's and over the years it has been updated and modernised and offers flexible accommodation as all the rooms are on the ground floor.
There is however a surprise in the loft as there are two additional rooms which are accessed via a loft ladder and was used by the vendor's daughter as her den but does provide excellent storage space.
The property sits in level gardens of around 0.5 acres which have been well cultivated over the years with vegetable garden, lawns, flower beds and a wild flower meadow.
Property Description The property is entered via the front door into an "L" shaped hallway providing access to all rooms.
Immediately on the left is the kitchen/dining room which is a good sized rectangular room with a comprehensive range of hand built pine wall & base units across two walls and space for a large table.
There is a "Stanley" cast iron, oil fired range which provides heating, hot water and cooking although there is also an electric oven & hob.
A door from here leads to the utility/boot room which is a great space for storage and wet dogs! A door from here leads to a covered parking area and a door to the double garage.
Returning to the hallway, the next room on the left is the living room which again is a large rectangular room with a large window overlooking the garden and French doors leading out on to the garden.
The focal point of the room is the fireplace with a wood burning stove and built in book shelves giving this room a lovely cosy feel.
The next room would have been the original entrance hall with a front door until the bungalow was re-ordered and is now a 3rd bedroom or study.
Next is the second bedroom which is a double and has a bay window. Back in the hallway and there is access to the main bedroom and ensuite shower room and finally there is the main bathoom.
From here a cupboard conceals the loft ladder that leads up to the aforementioned loft rooms. The first room has a Velux window, sink and a cupboard houses the hot water cylinder.
A door leads through to another good size room which has a casement window overlooking the rear garden.
As the access to the loft is from a "non regulation approved" ladder these rooms can only be described as storage, however the vendor's teenage daughter happily used these rooms as a bedroom and study room.
Parking & Double Garage The property is accessed off the lane by a tarmac driveway providing parking for numerous vehicles and there is the double garage with up and over door, power & light.
Garden The bungalow sits in a central position within the garden and is surround by the various designated areas. The plot is enclosed mainly by natural hedging and some stock fencing.
There are large lawned areas, a vegetable garden and small orchard/arboretum with some lovely specimen trees and wild flower meadow.
This is a delightful garden and outside space located as it is adjacent to farmland.
Location Greete is a small hamlet on the borders of the three counties and remains small enough that everyone knows everyone with a real sense of community with the 11th century church of St James being the focal point.
The nearest market towns are Tenbury Wells (2.5 miles), Ludlow (7.5 miles) & Leominster (12.5 miles) and all offer excellent facilities including shopping, sporting, schooling and leisure.
Train stations are also close by in Ludlow & Leominster offering a much wider choice of travel to other major towns & cities.
Services & Tenure Mains electric & water Septic tank drainage Oil fired heating Shropshire Council Tax band D Freehold Anti-Money Laundering Regulations In accordance with The Money Laundering Regulations 2007, Cobb Amos are required to carry out customer due diligence checks by identifying the customer and verifying the customer’s identity on the basis of documents, data or information obtained from a reliable and independent source.
At the point of your offer being verbally accepted, you agree to paying a non-refundable fee of £24 Inc. VAT per purchaser, in order for us to carry out our due diligence.
Broadband & Mobile Coverage Ultrafast broadband is available from Openreach with 1800/220 Mbps possible.
Good Mobile signal (outside) subject to provider Information provided by Ofcom from their broadband & mobile coverage checker service Agents Note The vendor intends to covenant the garden to ensure that it remains a garden and can not be developed for additional residential dwelling(s).
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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