Oakbank, Cunnery Road, Church Stretton, Shropshire SY6 6AQ

Description

Substantial former motel requiring refurbishment, situated on a good-sized plot with parking for 15+ cars. Considered suitable for a variety of uses, conversion and/or development, subject to the required consents being obtained. Originally comprising twenty-one bedrooms, nine with en-suites. The property was extended with three large garages and three en-suited studios above them. Nearly all rooms included kitchen areas and were large enough to fit a double bed. Former lounges/recreation rooms may be capable of conversion into further bedrooms. There is also a shared kitchen and utility rooms. The separate studios have en-suites, kitchen areas, balconies and panoramic views of the Shropshire hills.

Accommodation

Twenty-one bedrooms, nine with en-suites; three large garages with three en-suited studios above; former lounges/recreation rooms; shared kitchen; utility rooms; separate studios with kitchen areas and balconies.

Location

Located on one of the highest plots in Church Stretton, on a secluded plot in the Church Stretton National Park. Church Stretton high street is approximately a ten-minute walk away and offers a supermarket, restaurants and public houses. The M54 and M6 are accessible via the A49. Ludlow is approximately a twenty-minute drive south on the A49.

Tenure / Property Information

Investment Analysis

The only same-property completed sale is £750,000 on 17 July 2020. This is historic and does not establish a current GDV, particularly because the property requires refurbishment and potential conversion or development consents. The £375,000 guide is therefore not independently validated by the supplied evidence.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, planning position, building condition and detailed refurbishment costs. Do not rely on the historic sale as current GDV evidence.

Works Required

Refurbish the former motel accommodation, studios, shared kitchen, utility rooms, lounges and recreation areas. Assess and upgrade existing services, kitchens, bathrooms and en-suites as required. Any conversion, additional bedrooms or alternative use requires the necessary consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without a current GDV, refurbishment budget, rent evidence and finance costs. The historic £750,000 sale provides context only and should not be treated as a current refinance valuation.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The hospitality layout and potential alternative uses also require use and operational assessment.

Flip Analysis

A flip surplus cannot be calculated because current resale value, refurbishment cost and selling costs are unsupported. The 2020 same-property sale at £750,000 is too historic to validate a current exit value.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not supplied.

• Conversion, development or alternative uses are subject to required consents.

• No sufficiently specific rental evidence is available.

• The only same-property comparable is a 2020 sale and may not reflect current value.

• Special Conditions may include search fees, sellers' costs, legal fees, transfer fees and other disbursements.

• The property has a complex hospitality layout including studios, shared facilities and former communal areas.

Recommendation

Proceed only after reviewing the legal pack, planning position, building condition and detailed refurbishment costs. Do not rely on the historic sale as current GDV evidence.

Strategy Rating

Analysis Confidence

The evidence includes one historic same-property sale and a guide price, but no current valuation, refurbishment costs, rental evidence, EPC, planning position or detailed condition report.