2-bedroom bungalow · SY4 5UW
To rentListed 63 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two-bedroom semi-detached bungalow boasting large gardens, ample driveway parking, and a single garage, peacefully situated in a popular residential development on the perimeter of Wem.
Description - The property occupies a pleasant position within an established residential neighbourhood on the perimeter of the popular market town of Wem, which boasts a range of day-to-day amenities, including Schools, Convenience Stores, Medical Facilities, Restaurants, and Public Houses, whilst enjoying a close proximity to the open countryside which surrounds the town.
Wem is conveniently situated for access to the county centre of Shrewsbury, which lies some 12 miles to the south, with access to the wider area usefully provided by the town's train station and the nearby A495.
Extending to over 600 sq ft, the property provided comfortably proportioned living accommodation all conveniently arranged over a single storey, making ideal for those with mobility concerns.
The property benefits from a number of recent improvements and is well presented throughout, whilst at present comprising an Entrance Hall, spacious Living Room, a modern Kitchen, Shower Room, and two Bedrooms.
The property is situated within generous gardens which, to the fore, offer ample off-street parking, this leading to the side of the property and culminating at a single garage.
The rear gardens have been attractively landscaped to provide a selection of areas, notably an area of lawn, gravelled beds, seating spaces, and a range of floral and herbaceous beds.
The Accommodation Comprises - Entrance Hall: Living/Dining Room: 3.77m x 5.33m Kitchen: 2.46m x 3.01m Bedroom One: 2.88m x 3.44m Bedroom Two: 3.05m x 2.22m Shower Room: Conservatory: Holding Deposit - A holding deposit equal to one week's rent will be due upon application.
Security Deposit - A security deposit equal to five weeks' rent will be due to be held by the DPS. A deposit free alternative is available via Reposit.
Terms - The property will be offered on an APT, with longer term tenants preferred. Pets to be declared prior to viewing.
Services - We are advised that the property benefits from mains water, electric, drainage, and gas. Local Authority - Shropshire Council.
Council Tax - The property is shown as being within council tax band B on the local authority register. Viewings - By appointment through Halls, The Square, Ellesmere, Shropshire, SY12 0AW.
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 Somerset Way, Wem.
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