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Wood Street, Shrewsbury, SY1 2PN

West Midlands

£1,800,000
Listed on 24/03/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive property presents a rare investment opportunity on a substantial site measuring approximately 6.61 acres (2.67 hectares). Formerly utilized as a builders' merchants and distribution center, it comprises various industrial and commercial structures totaling around 29,775 sqft (2,766.25 sqm). The site includes extensive open storage areas with concrete and tarmacadam surfaces, ideal for redevelopment. Located conveniently near the town center of Shrewsbury, this property is positioned on Wood Street just off the A528, providing easy access to one of the main roads into town. Shrewsbury is recognized as a vibrant hub in Shropshire with ongoing growth potential, combining cultural and economic opportunities in a picturesque setting with excellent transport links. The area benefits from improved access via the A5 trunk road and has direct rail services to London Euston, making it strategically appealing for future commercial or residential development, subject to appropriate planning permissions.

Investment Analysis

(SY1 area)
Area Average
£268/sq ft
Avg Rent (weekly)
£208
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £1,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
49%
Properties sold annually

Local Market Trend (SY1)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +2.4%
5 year growth: +20.5%
Investment Disclaimer: Analysis based on SY1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Wood Street, Shrewsbury, SY1 2PN
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£6,492
Based on a loan of £1,350,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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