# 1 bedroom flat for sale (TF9 1EJ)

## Property Details

| Key | Value |
|-----|-------|
| Address | Smithfield Road, Market Drayton, TF9, TF9 1EJ |
| Price | £65,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £89,500 |

## Description

This is a 1 bedroom flat in Market Drayton. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!

The well-kept home features 1 bedroom, three-piece bathroom, spacious lounge, kitchen and driveway.

Investment Details

It currently produces an annual gross income of £7,440 which could be increased by the new owner to a market rate of £8,400 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property and consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

## Property Photos

- ![Photo](/listings/photos/174118745/114375)
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## EPC Graphs

- ![EPC](/listings/photos/174118745/114395) - EPC

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 74 SMITHFIELD ROAD, MARKET DRAYTON, SHROPSHIRE, TF9 1EJ | £385,000 | 19/08/2025 | Detached |
| [Same street] THE BRAMPTON 8 SMITHFIELD ROAD, MARKET DRAYTON, SHROPSHIRE, TF9 1EJ | £90,000 | 14/07/2023 | Flat |
| [Same street] 27 SMITHFIELD ROAD, MARKET DRAYTON, SHROPSHIRE, TF9 1EJ | £195,000 | 04/10/2022 | Semi-detached |
| [Same street] 47 SMITHFIELD ROAD, MARKET DRAYTON, SHROPSHIRE, TF9 1EJ | £445,000 | 15/07/2022 | Detached |
| [Same street] THE OLD COACH HOUSE SMITHFIELD ROAD, MARKET DRAYTON, SHROPSHIRE, TF9 1EJ | £286,000 | 30/09/2021 | Semi-detached |
| [Same street] THE BRAMPTON 15 SMITHFIELD ROAD, MARKET DRAYTON, SHROPSHIRE, TF9 1EJ | £70,000 | 21/07/2021 | Flat |
| [Same street] 33 SMITHFIELD ROAD, MARKET DRAYTON, SHROPSHIRE, TF9 1EJ | £278,000 | 30/06/2021 | Semi-detached |

**Street average:** £249,857 (7 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £120,607 (7 Flat, TF9, 2024–2026)
- **Deviation:** -46.1%

## Rental Range

*ONS Price Index of Private Rents (Shropshire). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £727/mo
- **Realistic:** £808/mo
- **Optimistic:** £889/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Shropshire (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £474/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Terraced House, Cross Street, TF9 | £695/mo | 1 | 0.29 miles | OpenRent |
| 1 Bed Flat, Shropshire Street, TF9 | £525/mo | 1 | 0.34 miles | OpenRent |

**Average rent: £610/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.94% (okay)
- **Max investor price (0.8%):** £76,250
- **Target investor price (1%):** £61,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £610/mo).*

- **Gross yield:** 11.3%
- **Cost-to-rent:** 8.9×
- **Monthly cashflow:** £268/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 17.1%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **10y growth:** -13.8%

## House Price Index (HM Land Registry)

*Official index for Shropshire; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -4.4%
- **5y growth (index):** 6.6%
- **10y growth (index):** 25.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)