1-bedroom flat · TF11 9BD
Listing removedListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being Sold by goto Online Auction Starting Bids from £95,000 Buy It Now option available Situated in the Premier area of Shifnal, this well-presented Grade11 - first-floor, 2 bed apartment for the over 50’’s is available.
Park Court. Offers comfortable and convenient living within easy reach of local shops, cafés and transport links.
The accommodation comprises a generous lounge ideal for relaxing or entertaining, a fitted kitchen, a well-proportioned quiet double bedroom, a single bedroom which provides multiple use and a bathroom.
Laid out practically and filled with natural south facing light also benefitting from well laid out grounds for relaxing in. Centrally located in a popular, thriving market town.
Nb There is a Monthly service charge of £110.00. This property is offered for sale via the Online Modern Method of Auction, a flexible and buyer-friendly way to purchase.
Buyers have 56 working days to exchange and complete from receipt of the draft contract, or 10 working days after payment of the Buyer’s Premium, whichever is earlier.
This timescale allows buyers to proceed with traditional residential finance.
If the auction is successful, or the vendor accepts an offer during the auction, the buyer will be required to pay a non-refundable Buyer’s Premium, securing the property and removing it from the market.
Buyers must agree to the auction terms and conditions before solicitors are instructed. Full details are available on the goto Auctions website or via Purplebricks.
Please note the property is subject to an undisclosed Reserve Price, typically no more than 10% above the Starting Bid. Prices are subject to change. To book a viewing, visit Purplebricks.
General Information A Buyer’s Premium of 3.6% of the purchase price plus VAT applies (minimum £6,600 plus VAT), along with a Legal Pack fee of £396 including VAT.
These fees are payable in addition to the purchase price and may be considered for Stamp Duty Land Tax calculations. Buyers should seek advice from their legal representative.
General Information – Auctioneer’s Comments The Modern Method of Auction does not require exchange on the fall of the hammer.
Instead, buyers are given time to complete the transaction, allowing for mortgage arrangements. The Buyer’s Premium secures the property during the Reservation Period.
All terms, conditions and the Reservation Form are available within the Legal Pack. Material Information Information provided by the vendor, agent and goto Group may not be fully verified.
Buyers should refer to the Legal Pack, available once registered, and carry out their own due diligence before proceeding.
Property Ownership Information Tenure Leasehold Council Tax Band A Annual Ground Rent No ground rent Ground Rent Review Period No review period Annual Service Charge No service charge Service Charge Review Period No review period Lease End Date 25/12/2107 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 7, Park Court, Shifnal
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