1-bedroom flat · SY1 1DS
Sold STCListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented luxury one bedroom apartment enjoying outstanding views across Shrewsbury and situated in an enviable position.
Directions - From the cross at the top of Pride Hill turn right onto St Mary's Street and then take the first left into St Mary's Place. The entrance to the apartments is immediately on the left.
Situation - Crown House occupies an enviable position within the very heart of historic Shrewsbury town centre.
The central location places the apartment within a few minutes' walk of the town's principal shopping streets together with an excellent selection of restaurants, bars and cafés.
The Theatre Severn, Quarry Park and Shrewsbury Railway Station are all readily accessible on foot, whilst the railway station provides direct services to Birmingham, Manchester, Cardiff and London, making the apartment ideally suited for commuters, professionals or those seeking an easily managed town centre residence.
Description - Flat 2, Crown House is an impressive and beautifully presented one bedroom apartment offering stylish and contemporary accommodation within one of Shrewsbury's most convenient and desirable town centre locations.
The apartment forms part of the highly regarded Crown House development and benefits from lift access together with wonderful elevated views across the surrounding town centre and down Pride Hill.
The accommodation is approached via a welcoming entrance hall with useful built-in storage cupboard incorporating the washer dryer and giving access to all principal rooms.
The heart of the apartment is the superb open plan kitchen/living area which provides an excellent entertaining and living space, fitted with a range of contemporary wall and floor units with wood effect work surfaces and a comprehensive range of integrated Neff appliances including an induction hob, extractor hood, electric oven and fridge freezer.
Large windows flood the room with natural light whilst enjoying attractive views over the town centre rooftops.
The generous double bedroom provides ample space for freestanding furniture and is served by a modern bathroom fitted with a contemporary suite.
Further benefits include air conditioning, an entry phone system, gas fired central heating and television, satellite and radio connection points.
Outside - The development benefits from well maintained communal gardens providing an attractive outdoor space for residents to enjoy.
Crown House also benefits from lift access to all floors together with secure communal entrances and well maintained communal areas.
Viewing is highly recommended by the selling agents to appreciate the quality of accommodation and outstanding location on offer.
General Remarks - Anti-Money Laundering (Aml) Checks - We are legally obligated to undertake anti-money laundering checks on all property purchasers.
Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required.
This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
Fixtures And Fittings - Only those items described in these particulars are included in the sale.
Terms Of Lease - We understand that the property is of leasehold tenure and vacant possession will be given on completion of the purchase.
Length of lease: 991 years from 23rd May 2022 - 24th March 3013 Service charge: £226.77 Ground rent: £350 Services - We understand that the property has the benefit of mains water, electricity and drainage.
Electric heaters. Council Tax - The property is in Council Tax band 'A' on the Shropshire Council Register. Viewings - By appointment through Halls, 2 Barker Street, Shrewsbury, SY1 1QJ.
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.
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FAQ
About Aaprtment 2 Crown House, St. Marys Place, Shrewsbury, SY1 1DS
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