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Belmont Bank, Shrewsbury

West Midlands

£275,000
Listed on 08/01/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property represents a compelling investment opportunity in the heart of town, featuring an approved planning application for the creation of three apartments. The freehold building spans three floors and is situated in a tranquil location, just minutes away from major shopping districts, the railway station, and the picturesque Quarry park. The current design outlines a cozy one-bedroom apartment on the lower ground floor, alongside two additional apartments with three and four bedrooms on the upper levels, both benefiting from outside seating areas. With the existing plans available for review, additional possibilities also exist for alternative developments that could include mixed-use configurations combining both residential and office spaces. This flexibility enhances its potential profitability.

Investment Analysis

(SY1 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£206
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (SY1)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +1.8%
5 year growth: +20.6%
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

Belmont Bank, Shrewsbury
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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
£992
Based on a loan of £206,250 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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