1-bedroom flat · SY1 2UG
Opportunity summary
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About
**CASH BUYERS ONLY** Being offered for sale on a 50% shared ownership basis with Homes plus housing association, this is a well proportioned one double bedroom first floor apartment having the added benefit of NO UPWARD CHAIN.
The property is situated in this convenient residential location within close proximity to tranquil riverside walks leading to the Shrewsbury Town centre, along with good local amenities.
This property will be of interest to a number of buyers and viewing is recommended by the selling agent.
The accommodation briefly comprises: Entrance hallway, first floor landing / study area, inner hallway, open plan lounge / diner / kitchen, double bedroom, bathroom, low maintenance enclosed garden, allocated car parking space, extensive UPVC double glazing, convenient residential location, NO UPWARD CHAIN and viewing is recommended.
The accommodation in great detail comprises: UPVC double glazed entrance door gives access to: Entrance Hallway - Stairs then rise to First Floor Landing / Study Area - Having glazed window and UPVC double glazed door then gives access to: Inner Hallway - Having store cupboard housing water cylinder unit.
Door from inner hallway gives access to: Open Plan Lounge / Diner / Kitchen - 5.54m x 2.95m (18'2 x 9'8) - The lounge / diner area comprises UPVC double glazed window to front, TV aerial point, telephone point.
The kitchen area comprises modern eye level and base units, free standing cooker, fitted wooden style worktops with inset stainless steel sink, tiled spalsh surrounds, UPVC double glazed window to rear, space for appliances and vinyl floor covering.
From inner hallway doors give access to double bedroom and bathroom.
Double Bedroom - 3.15m x 2.90m (10'4 x 9'6) - Having UPVC double glazed window to front, wall mounted panel electric heater and open fronted wardrobe.
Bathroom - Having a three piece suite comprising: Timber style panel bath with electric shower over, low flush wc, pedestal wash hand basin, wood effect flooring, UPVC double glazed window to side, wall mounted pullcord electric heater and loft access.
Outside - To the rear of the property there is a low maintenance enclosed garden area which comprises: Artificial lawned garden, small paved patio and low maintenance stoned sections.
In a nearby residents carpark there is one allocated car parking space.
Shared Ownership Informaion - Eligibility summary for buyers: •They would need to undergo a financial assessment, though our nominated assessment company, The Mortgage People.
(TMP) •They would need to provide an in-date mortgage agreement in principle (or proof of cash). •They would need to complete our Severn Homes application form.
•They would need to be fully signed off by (TMP) or a qualified broker who will have seen and verified their financial documentation Services - Mains water, electricity and drainage are all understood to be available to the property.
None of these services have been tested. If there is a telephone installed it will be subject to British Telecom regulations.
Council Tax Band A - Tenure - We are advised that the property is leasehold but this has not been verified and confirmation will be forthcoming from the vendor's solicitors during pre-contract enquiries.
Lease details are as follows: The vendor informs us that the lease term in place is 125 years from 1983. There is 57 years remaining on this lease.
Mortgage Services - We offer a no obligation mortgage service through our in house Independent Financial Advisor. Telephone our Office for further details (OPTION 1 SALES).
Referral Fee Discalimer - Guidance from the Consumer Protection from Unfair Trading Regulations 2008 requires the Estate Agency sector to address the issue of transparency of fees.
Holland Broadbridge refers clients to carefully selected local service companies, as we believe you may benefit from using their services.
You are under no obligation to use the services of any of the recommended companies, though if you accept our recommendation the provider is expected to pay us a referral fee.
Disclaimer - Any areas / measurements are approximate only and have not been verified. VACANT POSSESSION WILL BE GIVEN ON COMPLETION.
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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