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Abbey Foregate, Shrewsbury

West Midlands

£375,000

Listed on 12/06/2026

Property Details

Bedrooms
4
Type
Character Property
Area
556 sqft

Description

This mixed-use property presents a unique investment opportunity, featuring two generously sized two-bedroom apartments on the upper floors, along with a ground floor former takeaway space. While the property is in need of modernization and improvement, it offers significant potential to enhance the living conditions and commercial appeal. The strategic location near the River Severn and Shrewsbury’s historic town center adds further value. The versatile layout provides flexibility for various uses, whether you’re seeking to optimize rental yield or convert the commercial space to residential use. Each apartment boasts a communal entrance, spacious kitchen/living areas, double glazing, and two well-proportioned bedrooms. Outside, there is a manageable courtyard area at the rear. This opportunity is ideal for those looking to capitalize on a property with remodeling potential in a desirable area.

Investment Analysis

(SY2 area)

Above Market Value

This property is priced +121.8% above area average per sq ft

+121.8%
This Property
£674/sq ft
Area Average
£304/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£185,988
10% above area average per sq ft
Potential ROI
-59.1%
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

Abbey Foregate, 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
£1,417
Based on a loan of £281,250 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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