1-bedroom flat · SY4 5DW
Listing removedListed 108 days · slow let
Opportunity summary
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About
Well presented first floor apartment benefiting from a great central position within the market town of Wem with comprehensive amenities and easy access to link roads for other nearby towns.
In brief the accommodation comprises communal entrance, small entrance lobby, attractive lounge, kitchen, bedroom and bathroom. Gas central heating.
Living Room (3.1 x 3.5 (10'2" x 11'5")) Radiator, sash window overlooking the front.
Kitchen (1.9 x 2.4 (6'2" x 7'10")) Fitted kitchen units with work surfaces over, stainless steel sink unit, vinyl floor covering, tiled splash backs, fitted oven and hob unit, fridge, and space for washing machine, window to side.
Bathroom Modern suite comprising panelled bath with shower, hand wash basin and WC, tiling to walls, vinyl floor covering, radiator. Bedroom (2.3 x 2.3 (7'6" x 7'6")) Radiator, window to front.
Information for tenants: Rent: £550 per calendar month Deposit: £634 Monks have considered that the deposit for this property is Equivalent to 5 weeks rent Holding Deposit: £126 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).
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
We're still gathering serviced-accommodation data for this area.
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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 Flat 4, 50 High Street, Wem
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