The Grindleys, Asterley, Minsterley, Shrewsbury, Shropshire, SY5 0AS
West Midlands
£125,000Guide Price
Listed on 23/10/2026
Listed on 23/10/2026
The listing
Property details
Bedrooms
2Type
DetachedArea
718 sqftFeatures
- Parking
Description
Offered at auction, this detached two-bedroom cottage occupies a rural position at the end of a track near Asterley, around two miles from Pontesbury. The listing describes the house as requiring extensive renovation and notes scope for improvement and possible extension, subject to the necessary consents. It is set within grounds stated to extend to approximately one acre, with open countryside around it.
A three-bay open-fronted outbuilding with an adjoining lean-to is included, with parking areas either side. Pontesbury provides shops, food outlets, pubs, restaurants, healthcare and schools. Shrewsbury is also within reach for wider services and rail connections, with road access towards the A5 and M54. Buyers should review the auction conditions and associated fees, and verify the condition, boundaries, access arrangements and any proposed works before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
51out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £125,000, the cottage is priced well below the local £/sqf benchmark, giving a buyer an unusually low-cost entry point for a detached rural property. The setting, roughly one acre of grounds, open countryside views and a substantial open-fronted outbuilding give the project character and scope beyond the house itself. Inside, however, the photographs show severe deterioration in several rooms, including damaged walls and ceilings, exposed lath, debris and a floor opening; the exterior is weathered and partly covered by vegetation, and the roof condition cannot be confirmed from the views.
The project numbers deserve scrutiny: the asking price is only one line of the budget; adding roughly £122,500 for works pushes total exposure towards £247,500, leaving a gap of around 16% versus area norms for this sqft. Hence the weak economics component — a proxy for today's market, not post-refurbishment GDV.
Key opportunities
- Rework the cottage’s interior layout and finishes from a heavily deteriorated starting point to create a home suited to the buyer’s needs.
- Make use of the approximately one-acre grounds, rural views and open-fronted outbuilding to shape a distinctive country property.
- The low asking price per square foot offers an opportunity to acquire the property below the local benchmark.
Key risks
- Extensive debris, damaged plaster and ceilings, exposed lath and a floor opening, alongside an £85,000–£160,000 works range, make this a full-scale programme rather than a cosmetic refresh.
- The asking price plus the renovation range leaves projected purchase-and-works costs stretched against the local-average benchmark for this floor area; this is not a forecast of renovated value.
- The roof’s condition cannot be confirmed from the exterior views, and the cottage walls are weathered and partly obscured by vegetation.
- All-in spend is likely to land near £247,500 including the asking price and quoted works of about £122,500 — roughly 16% above what comparable floor area achieves locally in current condition, so margin after refurbishment is unproven.
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Map
Location
The Grindleys, Asterley, Minsterley, Shrewsbury, Shropshire, SY5 0AS
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£472
Based on a loan of £93,750 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.
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