2-bedroom house · SY4 5LJ
For saleReduced £5k (−4.8%) on 17 SepListed 169 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** part own your home - shared ownership opportunity *** An excellent opportunity to purchase this recently constructed 2 bedroom semi detached house - perfect for First Time Buyer.
Occupying an enviable position on the edge of this popular North Shropshire market Town, being a short stroll from the Railway Station with links to Shrewsbury, Crewe and London.
There are excellent range of amenities and recreational facilities within the Town.
Offered for sale on the Shared Ownership Scheme which enables purchasers to start with owning 50% of the property and paying a monthly rental on the remaining share, We have been advised there is a monthly rental and service charge of £287.61 inclusive of Ground Rent.
We are advised that the property is available to staircase out to 80% over time and we would recommend this is verified during pre-contract enquiries.
There is also a local connection criteria attached to this property and for further information please ask our sales team.
Part owning your home can be cheaper than renting and is an excellent way to step onto the property ladder.
Location Occupying an enviable position on the edge of this popular North Shropshire market Town, being a short stroll from the Railway Station with links to Shrewsbury, Crewe and London.
There are excellent range of amenities and recreational facilities within the Town. Entrance With radiator.
Door to Lounge A generous sized room with window overlooking the front, media point, radiator. Kitchen/Dining Room Dining area with door leading onto the rear garden, radiator.
Kitchen which is attractively fitted with range of white fronted shaker style units incorporating single drainer sink set into base cupboard.
Further range of cupboards and drawers with work surfaces over and having space for appliances and complementary eye level units over, recessed ceiling lights, window overlooking the garden.
First Floor Landing Stairs lead to the First Floor with access to roof space. Bedroom 1 A generous double room with window overlooking the garden, recess for wardrobe, radiator.
Bedroom 2 Another generous double room with window overlooking the front, radiator. Bathroom With suite comprising panelled bath with direct mixer shower unit, wash hand basin and WC.
Complementary tiled surrounds, radiator, window to the side. Outside The property is approached over driveway with parking, front garden with lawn.
Side pedestrian access leads to the enclosed Rear Garden with paved sun terrace and lawn.
General Information Tenure We are advised the property is Leasehold with a 99 year lease, 89 years remaining and would recommend this is verified during pre-contract enquiries.
We have been advised there is a monthly charge of £287.61 for rent and service charge.
We are advised that the property is available to staircase out to 80% over time and we would recommend this is verified during pre-contract enquiries.
Services We are advised that all main services are connected.
Council tax banding As taken from the website we are advised the property is in Band B - again we would recommend this is verified during pre-contract enquiries.
Financial services We are delighted to work in conjunction with the highly reputable `Ellis-Ridings Mortgage Solutions’ who offer free independent advice and have access to the whole market place of Lenders.
We can arrange for a no obligation quote or please visit our website where you will find the mortgage calculator.
Legal services Again we work in conjunction with many of the Counties finest Solicitors and Conveyancers. Please contact us for further details and competitive quotations.
Removals We are proud to recommend Daniel and his team at Homemaster Removals. Please contact us for further details.
Need to contact us We are available 8.00am to 8.00pm Monday to Friday, 9.00 am to 4.00pm on a Saturday and 11.00am to 2.00pm on Sunday, maximising every opportunity to find your new home Important Notice - Monks for themselves and for the vendors of this property, whose agents they are give notice that: These particulars provide a general outline only for the guidance of intended purchasers and do not constitute part of an offer or contract.
All descriptions, dimensions and distances are approximate, references to state and condition, relevant permissions for use and occupation and other details are provided in good faith and believed to be correct.
No person in the employment of Monks has any authority to make or give any representation or warranty whatever in relation to this property.
Electrical and other appliances mentioned in these particulars have not been tested by Monks. Therefore prospective purchasers must satisfy themselves as to their working order.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 5, Round Meadow, Wem
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