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Cross Street, Ellesmere, Shropshire

West Midlands

£675,000
Listed on 25/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property represents a unique investment opportunity in the vibrant market town of Ellesmere, situated in North Shropshire. The three-storey mixed-use building historically served as both a restaurant and public house, complete with private living quarters above. In addition, the site features four well-designed boutique holiday cottages that are currently utilized for short-term rentals. Spanning approximately 3,300 square feet within a sizeable 0.17-acre plot, this property is prominently positioned in the town center. The main building consists of a ground floor set up as an expansive dining area with bar space, complemented by characterful fireplaces and timber accents, along with a fully equipped commercial kitchen and storage facilities. Above this, the residential section offers ample space which holds potential for conversion into multiple self-contained apartments or continued use as live/work accommodation, pending necessary planning approvals. At the rear, the charming courtyard development of Philoxenia Mews showcases four independent holiday lets that have recently been refurbished to high standards and are operating effectively as a rental business. Each cottage varies in size and layout, offering flexibility for future growth in your investment portfolio. The property’s versatile layout supports numerous redevelopment options including maintaining its current uses or transforming it entirely into residential or commercial spaces for rental purposes. Its strategic location near local amenities adds to its appeal, making it an excellent prospect for renovation enthusiasts looking to capitalize on market demands. Ellesmere is well-regarded for its picturesque lake and strong community atmosphere, contributing to its popularity among visitors and residents alike. This site allows for extensive creative development opportunities while benefiting from all necessary utilities.

Investment Analysis

(SY12 area)
Area Average
£258/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SY12)

Area prices are falling by +9.2% over the last 12 months
3 year growth: -3.8%
5 year growth: 10.9%
Investment Disclaimer: Analysis based on SY12 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

Cross Street, Ellesmere, Shropshire
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,473
Based on a loan of £506,250 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