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Cross Street, Ellesmere, Shropshire

West Midlands

£599,995

Listed on 23/06/2026

Property Details

Bedrooms
9
Type
House
Area
3315 sqft

Description

This freehold property offers a unique investment opportunity in the center of Ellesmere, a picturesque market town in North Shropshire. The substantial three-storey mixed-use building spans approximately 3,300 square feet and was formerly used as a restaurant and pub, featuring a spacious open-plan dining area, commercial kitchen, and several characterful elements such as timber finishes and fireplaces. Above this, there is potential for conversion of the residential space into self-contained apartments or continuation of its current live/work setup, depending on planning approvals. At the rear, you'll find Philoxenia Mews, which consists of four fully equipped boutique holiday cottages that have been successfully operating as short-term rental units since their high-quality renovation in 2020. Each cottage enjoys independent access and shares an enclosed courtyard that could serve as additional amenity space or outdoor dining options. The versatility of this property is one of its key attractions; it can function effectively as a hospitality venue while also providing significant scope for residential redevelopment or further investment opportunities. With its prime location in a town known for natural beauty and strong community ties, the entire site presents various possibilities including private rentals, co-working spaces, or fully residential conversions. Ellesmere itself boasts excellent local amenities including independent shops, eateries, and essential services alongside convenient transport links to surrounding towns. This property is well-connected to mains utilities and offers vacant possession upon completion.

Investment Analysis

(SY12 area)

Below Market Value

This property is priced -32.5% below area average per sq ft

-32.5%
Potential saving
This Property
£181/sq ft
Area Average
£268/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Target Value
£977,627
10% above area average per sq ft
Potential ROI
+25.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SY12)

Area prices are stable by +1.8% over the last 12 months
3 year growth: +4.2%
5 year growth: +17.3%
Investment Disclaimer: Analysis based on SY12 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

Cross Street, Ellesmere, Shropshire
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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
£2,267
Based on a loan of £449,996 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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