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Queen Street, Market Drayton

West Midlands

£220,000
Listed on 27/04/2026

Property Details

Bedrooms
4
Type
Block Of Apartments

Description

A noteworthy opportunity for investors has emerged in Market Drayton, Shropshire, with the availability of a sizeable apartment block that comes with full planning permission. The property is positioned for development into six residential units along with two retail spaces, setting the stage for a versatile investment strategy in a thriving market town. With no upward chain in play, this asset is primed for immediate attention from developers looking to capitalize on its potential. The existing structure benefits from gas central heating, providing a solid base for creating modern living accommodations and commercial premises. The secured outline planning permission opens up possibilities for new layouts and designs tailored to current market demands, lessening typical development risks. Located prominently within Market Drayton, this property offers excellent visibility, making it perfect for retail businesses eager to operate in a vibrant town centre area. Once the apartments are developed, they will cater to a diverse range of residents—from young professionals to those seeking comfortable downsizing options—bolstered by the community-oriented atmosphere and accessible local amenities. Market Drayton itself is rich in history and offers numerous amenities that enhance its appeal as a residential location. The town features a lively traditional market that showcases local goods and crafts, further strengthening community ties while supporting small enterprises. For outdoor enthusiasts, the stunning Shropshire countryside provides ample opportunities for walking and cycling, alongside nearby attractions such as Hodnet Hall Gardens—a serene spot ideal for relaxation and exploration. Transport connections via the A53 and A41 offer easy access to larger urban areas like Telford and Shrewsbury. Culturally vibrant, Market Drayton hosts various events throughout the year including fairs and festivals that enrich community life. Historical architecture and charming streets make for an attractive environment filled with local shops and eateries focusing on regional produce. Families will appreciate the proximity to reputable schools and sports clubs contributing to an active lifestyle. Additionally, recreational facilities like Market Drayton Golf Club offer leisure activities set against picturesque landscapes. In conclusion, this block of apartments represents a valuable investment opportunity in an engaging Shropshire town. With integration of gas central heating already established and ready for refurbishment or redevelopment efforts, potential buyers are encouraged to explore this remarkable asset's capabilities further.

Investment Analysis

(TF9 area)
Area Average
£272/sq ft
Avg Rent (weekly)
£229
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (TF9)

Area prices are rising by +3.9% over the last 12 months
3 year growth: -1.4%
5 year growth: +14.2%
Investment Disclaimer: Analysis based on TF9 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

Queen Street, Market Drayton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£779
Based on a loan of £165,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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