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Barns for conversion, Newport, TF10 9BA - Image 1
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Barns for conversion, Newport, TF10 9BA

West Midlands

£500,000
Listed on 17/06/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a unique opportunity to invest in a substantial collection of former agricultural outbuildings, now with approved planning permission for conversion into two three-bedroom homes. Situated on a generous plot of nearly one acre, the site is well-positioned for potential residential development, appealing to both investors and those looking for a renovation project. The granted planning permission from Telford and Wrekin Cooperative Council allows for the transformation of these existing structures into modern dwellings, each featuring spacious living areas across two floors. The proposed design includes semi-detached houses, ensuring comfortable accommodations complemented by private drives that allow ample off-street parking. Outdoor spaces will include front lawns and rear gardens, enhancing the appeal for future residents. Beyond the immediate development potential, the entire estate encompasses over two and a half acres, providing ample opportunities for landscaping or additional outdoor projects. There’s also the possibility of utilizing an adjoining woodland area, which could either be shared between the two new properties or designated to one as per buyer preference. Located in an area that balances rural charm with accessibility to local amenities, this property not only represents a promising investment but also aligns with growing trends in housing demand within tranquil settings. With vacant possession available upon completion, prospective buyers can swiftly take advantage of this project. The freehold nature of the property further adds to its attractiveness as an investment opportunity. For connectivity, standard broadband is confirmed available in the area, although mobile service may be limited indoors but generally sufficient outdoors. Interested parties should consult their preferred providers for specific coverage details and speeds.

Investment Analysis

(TF10 area)
Area Average
£288/sq ft
Avg Rent (weekly)
£283
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (TF10)

Area prices are rising by +14.5% over the last 12 months
3 year growth: 10.8%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on TF10 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

Barns for conversion, Newport, TF10 9BA
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE