This is a unique opportunity to refurbish a period Georgian building dating back to the early 18th century. The building, featuring classic architectural elements like brick quoins, sash windows, and gabled dormers, presents a variety of development options, including luxury apartments or a high-end hospitality venture.

Property Features:
• Period Georgian architecture: Built in the early 1700s, the property retains original features such as sash windows and a corbelled roofline, giving it historical charm.
• Three storeys and Attic Space: Offers ample opportunity for creative redevelopment, with stunning views over Bridgnorth High Street.
• Rear extension: A later addition to the building provides further space that could be redeveloped or modernized.
• Separate access: A distinct entrance via an elliptical archway offers potential for multi-use scenarios or added convenience for different property divisions.

Development Potential:
1. Luxury Apartments:
- Capacity to convert into 7 luxury apartments, with the potential for an 8th apartment above the rear extension.
- Each apartment could feature an open-plan lounge/kitchen and a large bedroom with an en-suite, maximizing light and space.
- The attic space can accommodate two apartments with varying proportions due to the dormer windows.
- Estimated Costs for Apartment Conversion:
▪ Total estimated refurbishment costs: £457,000
▪ Potential for short-term lets (AirBnB) or resale.

2. Short-Term Let (AirBnB) Potential:
- Prime Location: In the heart of Bridgnorth, a quaint market town attracting high visitor numbers, particularly during key events and tourist seasons.
- 13 potential suites furnished to a five-star standard, targeting high-caliber guests seeking luxury accommodation.
- Income Potential: AirBnB rentals could generate an estimated £424k annually with net being £254k (based on 4 days per week occupancy per room).

3. Alternative Use – Bed & Breakfast or Hotel:
- Space for up to 13 suites, with in-room breakfast options or a minimal kitchen facility.
- Event-Driven Demand: Bridgnorth’s popularity as a holiday destination presents a strong opportunity for consistent bookings, particularly during major events.
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Financial Projections:
Conversion Costs (Apartments):
▪ Initial outlay: £215,000
▪ Roof work: £20,000
▪ Labour & Demolition: £8,000
▪ Extensions & Partitions: £20,000
▪ Kitchens: £50,0000
▪ Plumbing & Electrical: £25,000 each
▪ Total Estimated Conversion Cost: £457,000

Resale & Income Estimates:
▪ Resale value: £1.2M (post-completion)
▪ AirBnB short-term Let Income: £250,000 per annum
▪ Long-term let income: £82,000 per annum
All above costings are our estimates. Kindly conduct your own research

Zoopla sold prices for a flat on same road £165k
https://www.zoopla.co.uk/house-prices/bridgnorth/high-street/wv16-4dx/?new_homes=include&q=WV16%204DX&orig_q=wd16%204dx&view_type=list&propertyTypeCode=F

Sold prices in the last 10 years between £135k to £210k
https://www.rightmove.co.uk/house-prices/wv16-4dx.html?propertyType=FLAT&page=1

For our calculation purposes we have taken the value of a flat in this particular area as £150,000. The vendor has an offer of £7500 per annum for a small shop at the bottom leaving the top 3 floors to be developed.

This property presents a range of lucrative possibilities—whether as high-end residential apartments or as a bespoke hospitality destination in the heart of Bridgnorth.

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.