Studio flat for sale

TO BE SOLD BY ONLINE AUCTION ON 22ND OCTOBER 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS.Minton House & Yard, New Street, Wem, Shrewsbury, Shropshire, SY4 5AEA substantial mixed-use property with extensive redevelopment potential, occupying a site of approx. 0.67 acres in the heart of Wem town centre.The accommodation extends to over 6,500 sq ft, comprising a large period building with extensive shop frontage, multiple office and storage rooms, and a three-bedroom first-floor flat with its own private entrance. The site also includes large outbuildings and storage facilities.Substantial period property extending to over 6,500 sq ft. Site area approx. 0.67 acres with yard and outbuildings. Prime central location within Wem market town. Three-bedroom flat above with private access. Previous lapsed planning permission for 14 dwellings. Alternative scheme prepared for 6 apartments and 8 houses.The property previously benefited from planning consent for 14 dwellings (2005–2015, now lapsed). Shropshire Council has confirmed that a new application for 14 affordable homes would be considered. An alternative proposal has also been prepared for the conversion of existing shops/offices to 6 apartments with 8 houses to the rear. The local planning authority has indicated a positive outlook towards redevelopment of the site.Wem is a thriving Shropshire market town with a population of around 6,000, offering supermarkets, schools, leisure facilities and a railway station just 0.2 miles from the property, with direct links to Shrewsbury (10 miles) and Crewe. This combination of town-centre convenience, commuter links and countryside living underpins strong demand for family housing.Comparable Sales Evidence (Wem, 2025)3-bed semi, Oakley Meadow – £229,995 (Sold STC, 29/09/2025)3-bed semi, Blakes Meadow – £230,000 (Sold STC, 29/09/2025)3-bed semi, Dickins Meadows – £230,000 (Sold STC, 29/09/2025)2-bed semi, Kynaston Drive – £222,000 (Sold STC, 29/09/2025)3-bed link detached, Isherwoods Way – £200,000 (Sold STC, 29/09/2025)These sales show consistent demand and values for 2- and 3-bed homes in Wem between £200,000–£230,000, underpinning strong GDV potential for redevelopment schemes.We are advised the property benefits from mains water, gas, electricity and drainage.Freehold. Vacant possession on completion.