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Millmead Drive, Shrewsbury

West Midlands

£220,000

Listed on 08/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1236 sqft

Description

Situated in a well-regarded residential area, this three-bedroom semi-detached property offers a unique opportunity for those looking to invest in a home with significant renovation potential. The house benefits from generous space and a flexible layout, making it ideal for modernisation according to personal style and needs. Its location near the Rea Brook Nature Reserve enhances its appeal, providing picturesque walking paths and recreational green areas right at your doorstep. Families will appreciate the balance of convenience and lifestyle, with local amenities, schools, and daily services readily accessible. The interior comprises a welcoming entrance hall leading into a front living room, a separate dining area, and an extended sitting room that adds versatile living options. The kitchen is accompanied by a rear lobby that connects to a ground-floor WC and an attached garage. Although the property requires extensive updating throughout, the current layout allows for substantial reconfiguration possibilities pending necessary approvals. Upstairs hosts three spacious bedrooms along with a family bathroom, while the property also features gas central heating and double glazing—offering a solid foundation for future improvements. Externally, you'll find gardens both at the front and rear of the house, providing ample space for outdoor activities or entertaining. This property not only presents an excellent canvas for creating a tailored family home but is also likely to attract investors or developers eager to pursue projects with remarkable value-adding prospects.

Investment Analysis

(SY2 area)

Below Market Value

This property is priced -41.5% below area average per sq ft

-41.5%
Potential saving
This Property
£178/sq ft
Area Average
£304/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£413,454
10% above area average per sq ft
Potential ROI
+53.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SY2)

Area prices are falling by -3.2% over the last 12 months
3 year growth: -5.8%
5 year growth: +11.8%
Investment Disclaimer: Analysis based on SY2 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

Millmead Drive, Shrewsbury
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £165,000 over 30 years at 4.45% 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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