1-bedroom flat · WV16 4RY
Sold STCListed 121 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This first floor maisonette has a double bedroom and spacious layout with good storage, parking space and enclosed rear garden.
Located towards the edge of Town, there are nearby bus services and local amenities. The property would benefit from modernisation. NO UPWARD CHAIN.
Bridgnorth High Street - 1 mile, Telford - 13 miles, Shrewsbury - 20 miles, Kidderminster - 15 miles, Wolverhampton - 15 miles, Birmingham - 31 miles. (All distances are approximate).
Location - This well positioned first floor flat is located in a popular residential area, conveniently close to bus routes, local shops on Sydney Cottage Drive, and the wider range of amenities available in High Town.
Bridgnorth is a charming and picturesque market town offering an excellent selection of shops, cafés, post offices, pubs, and restaurants.
The town also benefits from highly regarded primary and secondary schools, sports and leisure facilities, healthcare services, and a variety of local attractions, including the historic Severn Valley Railway, the River Severn, and popular weekend farmers' markets.
The property is offered with no onward chain, to cash buyers only due to the lease term.
Accommodation - Upon entering through the front door, there is a small hallway with stairs leading to the first floor accommodation.
The kitchen is fitted with matching base and wall units, worktops, a sink unit, and a built-in oven/grill with a gas hob and extractor hood above.
There is also space and plumbing for a washing machine. A window looks out to the front elevation.
Leading off the kitchen is a spacious lounge/dining area with windows also overlooking the front elevation.
To the rear of the property is a double bedroom and a shower room comprising a white suite, including a WC and wash hand basin set within a vanity unit, together with a tiled shower cubicle.
Outside - To the rear is a private enclosed garden area, which offers low maintenance upkeep, secured with a picket fence boundary.
From here a pathway leads to the parking area where 12 Fairfield has allocated parking. Services - We are advised by our client that all main services are connected.
Verification should be obtained from your surveyor. Tenure - We are advised by our client that the property is LEASEHOLD with 62 years left remaining on the lease.
Ground Rent approximately £30 paid half yearly. Verification should be obtained by your Solicitors. Council Tax - Shropshire Council. Tax Band: B.
Viewing Arrangements - Viewing strictly by appointment only. Please contact the BRIDGNORTH OFFICE.
Directions - From the Bridgnorth office proceed to the High Street and turn left through the Northgate.
Continue straight over the mini island and fork left onto Innage Lane passing St Leonards Primary School. At the junction, turn right onto Victoria Road and then left into Hook Farm Road.
Follow the road along taking a right turn into Abbeyfield then left into Fairfield where the property can be found a short distance along on the right hand side. Parking to the rear.
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
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FAQ
About 12 Fairfield, Tasley Park, Bridgnorth
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