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See how verdicts workHouse · TF1 5EJ
Under offerListed 370 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The site comprises an irregular shaped piece of development land extending to approximately 2.945 acres, which previously had planning permission for residential development, albeit this has recently expired.
It currently comprises of Greenfield land, which is predominantly level. The land has been grazed in the past, but was most recently utilised for open storage and distribution purposes.
It is vacant at present.
The western boundary of the site is formed by native hedgerows with mature trees to the northern boundary and an established hedge set against residential gardens to the eastern boundary.
Any development of the site is likely to involve the removal of some of the existing hedgerows/trees along Garfield Road in order to facilitate a new access, but the majority of the hedgerows/trees will be retained.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Land off Garfield Road, Red Lake Telford, Shropshire, TF1
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