This elegant Grade II listed red-brick building stands as a local landmark, now presenting a truly rare and multifaceted investment opportunity in the heart of prestigious Priorslee Village. The Red House, an early 19th-century architectural gem, is currently configured into six independent residential apartments. For the strategic investor, this setup offers remarkable versatility: it can be managed as a high-yield residential portfolio with built-in resilience against single-unit vacancies, or treated as a “break-up” opportunity, allowing for the staggered resale of individual units into a high-demand market.
The interior of The Red House has been thoughtfully divided into a tailored mix of three one-bedroom and three two-bedroom apartments, with floor plans ranging from approximately 473 sq. ft. to 742 sq. ft. A defining feature that sets this development apart from modern conversions is the commitment to traditional layouts. Every apartment avoids the typical compromise of open-plan living, instead providing substantial, separate living rooms and dedicated independent kitchens. This design choice creates a sophisticated, “house-like” feel that appeals to tenants and buyers who value distinct spaces for cooking and relaxation.
Two-Bedroom Apartments: These flagship units are characterised by grand proportions and an abundance of period character. Residents will enjoy soaring high ceilings and original-style sash windows that flood the rooms with natural light. Select ground-floor units further benefit from the rare luxury of private garden access, significantly increasing their market appeal.
One-Bedroom Apartments: Ideally suited for professionals or those seeking a stylish “lock-up-and-leave” residence, these flats leverage the building’s historic scale to ensure that even the more compact footprints feel airy, bright, and voluminous.
The property is currently in a condition that requires light decorative updates to moderate renovation. This status presents a significant “value-add” opportunity for the incoming owner. The building’s grand historic shell and Grade II listed status provide the perfect foundation for a high-end finish. Whether the goal is to modernise the interiors to attract premium rental yields or to meticulously restore period features for a high-margin resale, these units serve as a versatile blank canvas in a highly sought after location.
Situated just 1.5 miles from the bustling Telford Town Centre, Priorslee Village is widely regarded as one of the region’s most desirable residential enclaves. It offers a unique lifestyle that balances a tranquil, historic village atmosphere with the seamless convenience of modern infrastructure.
Nature and leisure are at the doorstep; residents are just a short stroll from the picturesque Priorslee Lake—a hub for sailing, angling, and scenic waterside walks—and the 81-acre Priorslee Flash Nature Reserve, which offers protected woodland trails. The village is excellently served by local essentials, including a Co-op Food, a pharmacy, and a medical surgery, while the extensive retail and dining options of the Telford Centre and Southwater complex are only a four-minute drive away.
For families and professionals, the educational standards are a major draw. The area is home to the “Outstanding” Priorslee Academy and the nationally renowned Thomas Telford School, alongside the University of Wolverhampton’s Telford Campus. Connectivity is equally impressive, with immediate access to the M54 (Junction 4) linking to Wolverhampton, Birmingham, and Shrewsbury, and direct rail services from Telford Central station reaching Birmingham New Street and London Euston.
Services: Mains water, electricity and drainage. Gas central fired heating.
Council Tax: Band: A (each unit)
Postcode: TF2 9NW
Local Authority: Telford and Wrekin
Mobile Signal: EE Y three Y O2 Y Vodafone Y
Broadband Speed: Our research has indicated that Superfast Broadband is available at this property. Please conduct your own research to ensure the speeds meet your requirements.
Flood Risk: Rivers and Sea and Surface Water – Very Low Risk.
Fixtures and Fittings: Whilst all attempts have been made to accurately describe the property in regard to fixtures and fittings, a comprehensive list will be made available by the seller’s solicitors.
Wayleaves, Easements and Rights of Way: The property will be sold subject to and with the benefit of all wayleaves, easements and rights of way, whether mentioned in these particulars or not.
Please Note: A fire risk assessment and asbestos report along with a list of of boiler makes and models and installation dates is available upon request.
