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Belmont Bank, Shrewsbury

West Midlands

£245,000

Listed on 07/01/2025

The listing

Property details

Bedrooms
N/A
Type
Not Specified

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.

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Map

Location

Belmont Bank, Shrewsbury
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£926
Based on a loan of £183,750 over 30 years at 4.45% 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.

Tax

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Indicative tax based on the asking price and the options you select.

Pricing

Price history

-10.9% since listed
£245,000£30,000(-10.9%)
20/08/2026
Current price
£275,000Initial listing
07/01/2025

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