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Market Street, Wem, Shrewsbury

PROPERTY TYPE

House

BEDROOMS

7

BATHROOMS

4

SIZE

2,325 sq ft

216 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Description

Having been sympathetically renovated and converted, this beautiful former chapel is made up of four thoughtfully designed apartments across two floors, while retaining plenty of character and original features, located within the heart of this popular market town, just a short walk from its excellent range of amenities and train station providing easy access to both Shrewsbury and Crewe. All four apartments are currently let on assured shorthold tenancies, bringing in a rental income of £24,720 per annum.

All 4 flats have mains water, electricity and drainage connected with electric heating

Key Features -

* Flat 1 – private inner hallway, double bedroom and separate shower room, fitted kitchen, open plan living/dining room connecting to a rear courtyard garden. Currently paying £520 PCM with a potential rental income of circa £550 PCM
* Flat 2 – private inner hallway, two bedrooms, separate shower room, fitted kitchen, open plan living/dining room. Current tenant paying £505 PCM with a potential rental income of circa £565 PCM
* Flat 3 - private inner hallway, two bedrooms, separate shower room, fitted kitchen, open plan living/dining room. Current tenant paying £530 PCM with a potential rental income of circa £565 PCM
* Flat 4 - private inner hallway, two bedrooms, separate shower room, fitted kitchen, open plan living/dining room with feature curved wall and multiple windows to rear. Current tenant paying £505 PCM with a potential rental income of circa £565 PCM
* Impressive front door and communal entrance hall with lovely stained-glass windows and access to all apartments
* Restored feature double glazed windows to front and uPVC double glazing to the rear of the building
* Very useful separate bin/bike store for resident’s use , accessed via Market Street
* The current owner has an agreement with the conservative club over the road, allowing each apartment to have its own parking space, which could be transferred to the next buyer
* All four apartments are successfully let on assured shorthold tenancies, currently providing an income of £24,720 per annum and a yield of circa 6.4%. However, most tenants have been long standing, and the individual rents have scope to be increased to be in line with market value, which is likely to produce a potential yield of circa 7%

Brochures

Property Details.pdfFlat 1 EPCFlat 2 EPCFlat 3 EPCFlat 4 EPC
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Market Street, Wem, Shrewsbury

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About Cooper Green Pooks, Shrewsbury

3 Barker Street Shrewsbury Shropshire, SY1 1QF
Industry affiliations:

Trust Shrewsbury's leading estate agent to find your next property

At Cooper Green Pooks, we are proud to be Shrewsbury's leading estate agent, helping clients navigate the property market since the 1880s. Whether you are buying, selling, renting, or seeking professional advice, our deep local knowledge ensures you get expert guidance every step of the way.

Our 140 years of experience mean we understand this town inside and out. Our clients return to us generation after generation because we offer clear, honest advice and a service they can rely on.

We offer a full range of property services, expertly tailored to meet your needs:

  • Residential Sales: Helping you find or sell your home with ease.
  • Residential Lettings: Assisting landlords and tenants with a smooth rental experience.
  • Commercial Agency and Professional Services: Providing expert advice on buying, selling, and leasing commercial properties.
  • Block and Commercial Management: Managing properties with the highest level of care and professionalism.

We combine our heritage with a modern approach, using the latest marketing tools to ensure your property gets maximum exposure. Our use of high-quality photography, virtual tours, and targeted online listings ensures your property stands out.

Why Choose Cooper Green Pooks?

  • Trusted Service: Our reputation for honesty and reliability has been built over 140 years.
  • Local Knowledge: We know Shrewsbury like the back of our hand, offering valuable insights and advice on the best areas to live, invest, or rent.
  • Personalised Approach: We take the time to understand your needs and provide tailored advice to make your property journey smooth and successful.

Visit Us. Our friendly team is here to help. Our office is open Monday to Friday, 9am to 5.30pm, and Saturday, 9am to 3pm. Please call ahead to book an appointment, so we can ensure the right person is available to help you.

Let's Make Your Next Move Together. Get in touch today by calling 01743 276666 or visit www.cgpooks.co.uk to explore our latest listings and start your property journey with Shrewsbury's leading estate agent.

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Disclaimer - Property reference 33886254. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Cooper Green Pooks, Shrewsbury. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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