Worst House on the Street Logo
Aston Road, Wem, Shrewsbury - Image 1
Aston Road, Wem, Shrewsbury - Image 2
Aston Road, Wem, Shrewsbury - Image 3
Aston Road, Wem, Shrewsbury - Image 4
Aston Road, Wem, Shrewsbury - Image 5

Aston Road, Wem, Shrewsbury

Wales

£300,000
Listed on 21/06/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for investors and developers, situated in an appealing rural area adjacent to local farmland, which enhances its tranquil setting. The site comes with full planning permission (Application No. 22/05030/FUL) for the construction of two spacious detached homes, each with three to four bedrooms, along with single garages. This development potential makes it an attractive option for those looking to capitalize on the growing demand for residential properties in the region. Nestled within one of Wem's most sought-after locations, the site benefits from proximity to various local amenities, including shops, recreational facilities, and educational institutions. The nearby main line railway station provides excellent transport links, facilitating easy commutes and access to a broader range of services in the county town of Shrewsbury, just 12 miles away. With planning permission granted as of January 12, 2023, interested parties can move forward with their development plans without delay. Detailed plans and further documentation related to this project are available through Shropshire Council or can be requested directly from our agency. For those considering investment opportunities in residential development, early viewing is encouraged to fully appreciate the site's potential. The plot is offered freehold with vacant possession upon completion and is subject to any existing rights of way or easements that may apply. We invite prospective buyers to conduct their own investigations regarding suitability for their intended development projects.

Investment Analysis

(SY4 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£248
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£30,000 - £75,000
10-25% of property value
Monthly Sales
23
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (SY4)

Area prices are rising by +3.9% over the last 12 months
3 year growth: 6.0%
5 year growth: 25.2%
Investment Disclaimer: Analysis based on SY4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Aston Road, Wem, Shrewsbury
Map showing location of Aston Road, Wem, Shrewsbury
Open Map