Strutt & Parker says ..

Property Oracle says ..

The property is a large house situated in Abbey Foregate, Shrewsbury. Abbey Foregate is a desirable location in Shrewsbury, known for its proximity to the town centre and its blend of period and modern properties. The presence of nearby schools like Crowmoor Primary School (rated ‘Good’ by Ofsted) and Prestfelde School, along with Shrewsbury train station within a reasonable distance, adds to its appeal. The property itself appears to be in excellent condition, having undergone significant renovation and modernisation. The photos showcase a high-quality finish, modern amenities, and a stylish interior design. The extensive plot size of 5,094 square feet provides ample outdoor space, including a well-maintained garden.

Considering the average price per square foot in the area is £380, and the property’s size is 9,060.64 square feet, a simple calculation suggests a potential value of approximately £3,442,843. However, the list price is significantly lower at £1,300,000. While this might initially seem like an exceptional bargain, it’s crucial to consider the unique aspects of this property. The extensive renovation, high-quality finishes, and large plot size are likely contributing factors to the higher value compared to average properties in the area. Therefore, while the list price is considerably below the estimated value based on average price per square foot, it may still represent a fair market price considering the property’s unique features and desirable location. Further investigation into recent comparable sales in the immediate vicinity would be beneficial to confirm this assessment.

Therefore, we give this property 9 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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