House For Sale £275,000
Castle Court, Castle Street, Shrewsbury

A fantastic opportunity to purchase a town centre investment property which is currently rented out as a HMO (House of Multiple Occupancy) and generating a gross rental return of just over 8.5% per annum with a current gross income of £23,520 per annum. This property also has the potential to be converted back into a fantastic residential townhouse. VIRTUAL TOUR AVAILABLE

All mains services are connected.

Key Features -

* All 4 bedrooms are currently occupied, with individual tenancy agreements in place.
* Rooms are let on an all inclusive basis i.e. council tax and utility usage are included in the rent charged to tenants.
* The property provides excellent accommodation over 4 floors (including large dry cellar with separate access) and was extensively refurbished in mid 2020.
* Good standard of finish throughout, including carpets and décor, and a well-fitted kitchen with appliances. There is also a modern fitted cloakroom on the ground floor, and bath and shower rooms on the first and second floors. * In addition to this, a new boiler was fitted in December 2023.
* Spacious hall stairs and landing areas and 4 good sized bedrooms.
* A quiet and attractive courtyard setting just off Castle Street in the heart of the town centre and 3 minutes walk from the railway station. An attractive location for young professional renters, while also offering superb potential to create a stunning residential townhouse.
* Room 1 - £505 PCM
* Room 2 - £455 PCM
* Room 3 - £505 PCM
* Room 4 - £495 PCM
* Total monthly rent (gross) - £1,960 - these rental figures could be increased periodically as appropriate.
* Total annual rent (gross) - £23,250
* If you would like any further information regarding current rental income or expenses, please feel free to contact the office.
* Virtual tour available -
Entrance Hall -

Cloakroom -

Kitchen/Living/Dining Room - about 4.5m x 4.1m (about 14'9" x 13'5") -

Bedroom One - about 4.4m x 3.7m (about 14'5" x 12'1") -

Bedroom Two - about 2.8m x 2.0m (about 9'2" x 6'6") -

Shower Room -

Bedroom Three - about 3.1m x 2.6m (about 10'2" x 8'6") -

Bedroom Four - about 2.8m x 2.2m (about 9'2" x 7'2") -

Shower Room -

Basement -