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Love Lane, Wem, Shrewsbury

West Midlands

£290,000
Listed on 08/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development site presents a noteworthy opportunity to acquire land with Outline Planning Consent for the construction of three detached homes. Situated at the edge of a vibrant market town in North Shropshire, this parcel offers both privacy and proximity to essential amenities. The location is particularly advantageous, just a short walk from the railway station, which provides convenient connections to Shrewsbury, Crewe, and even London. The town itself is well-equipped with various facilities including supermarkets, healthcare services, primary and secondary schools, and a range of independent shops and dining options. For those commuting or traveling further afield, easy access to the A5 and M54 motorway network enhances this site’s appeal. Beyond its current zoning potential, the area boasts recreational amenities such as a swimming pool and parks, making it attractive for families and individuals alike. As an investment opportunity, the possibility to develop three detached homes caters to the growing demand for housing in this thriving community. Utilities including mains water, electricity, and drainage are already connected to the site. As part of your due diligence process, we recommend verifying ownership details during pre-contract inquiries. For those interested in exploring financing options or legal support for this property acquisition, we can provide connections to reputable mortgage advisors and solicitors who specialize in real estate transactions. This site offers not just a chance to invest but also an opportunity to shape a part of this charming town's future.

Investment Analysis

(SY4 area)
Area Average
£279/sq ft
Avg Rent (weekly)
£224
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SY4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 5.2%
5 year growth: 24.1%
Investment Disclaimer: Analysis based on SY4 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

Love Lane, Wem, Shrewsbury
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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
£1,062
Based on a loan of £217,500 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE