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Lacon Street, Prees.

West Midlands

£550,000

Listed on 18/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1036 sqft

Description

Wood View presents a unique opportunity for those looking to invest in a charming detached cottage nestled within 3 acres of land. This property is offered with no chain, making it an appealing prospect for swift occupancy or renovation. Comprising a welcoming hall, sitting room featuring an open fire, a dining room with dual aspect windows, and a kitchen with essential amenities, the layout provides ample scope for modernization and personal touches. The three bedrooms boast lovely views, complemented by a modern wet room. Although the property has been cherished by its current owners for years, it requires some updates and enhancements to reach its full potential. The expansive grounds not only offer picturesque countryside views but also present various possibilities for extensions or equine facilities—ideal for stables or paddocks, subject to planning permissions. The existing outbuildings require attention and may be replaced or repurposed to suit your needs. With well-established gardens and parking suitable for multiple vehicles, this property promises private countryside living while being conveniently located near Prees village amenities and transport links to Whitchurch and Shrewsbury.

Investment Analysis

(SY13 area)

Above Market Value

This property is priced +98.0% above area average per sq ft

+98.0%
This Property
£531/sq ft
Area Average
£268/sq ft
Avg Rent (weekly)
£223
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£305,527
10% above area average per sq ft
Potential ROI
-49.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SY13)

Area prices are rising by +6.4% over the last 12 months
3 year growth: -3.1%
5 year growth: +12.9%
Investment Disclaimer: Analysis based on SY13 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

Lacon Street, Prees.
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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
£1,962
Based on a loan of £412,500 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.

Stamp Duty Calculator

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