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New Park Street, Castlefields, Shrewsbury, SY1

West Midlands

£170,000

Listed on 21/05/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This charming two-bedroom terraced house, located in the popular Castlefields area of Shrewsbury, presents a valuable opportunity for those looking to invest or create their ideal home. The property consists of a welcoming reception area and a generous kitchen/diner, paired with a convenient downstairs bathroom. On the upper level, two well-sized bedrooms await. The rear garden offers an enclosed space for relaxation, complemented by off-street parking at the back. Although the house requires some updating, it is an excellent blank canvas for buyers eager to inject their personal style into a property situated in one of Shrewsbury’s most desirable locales. With its strong rental appeal due to local demand, this home is equally attractive for investors seeking returns in a vibrant market. Castlefields boasts a friendly community atmosphere enriched by events like the annual Castlefields Community Day. Residents enjoy proximity to the scenic riverside walks, local shops, and essential amenities, all within walking distance of Shrewsbury town centre. This historic market town is known for its independent retailers, diverse dining options, cultural attractions such as Theatre Severn and Quarry Park, as well as easy transport links from Shrewsbury train station to cities like Birmingham and Manchester.

Investment Analysis

(SY1 area)
Area Average
£270/sq ft
Avg Rent (weekly)
£212
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SY1)

Area prices are rising by +2.6% over the last 12 months
3 year growth: +3.5%
5 year growth: +18.4%
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

New Park Street, Castlefields, Shrewsbury, SY1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£607
Based on a loan of £127,500 over 30 years at 3.97% 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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