2 Waterloo Terrace

2 Waterloo Terrace, along with 1, 2, and 3 Waterloo Terrace and 1-4 Waterloo Place, is a group of buildings located on Salop Road in Welshpool. These structures are built from local ashlar stone and feature slate roofs with brick axial stacks. They stand two stories high and have an eight-window range, consisting of two houses on either side of a central passageway. The layout is symmetrical, with two-unit houses at each end, the right-hand unit incorporating a shop, and single-unit houses in the center, with their doorways positioned on either side of the round-arched passage entry.

All doorways have six-panelled doors with overlights, framed by moulded architraves topped with cornice hoods. The windows are 16-pane sash types with painted sills, and there are blind windows above the doors of the outer premises. The shop in the right-hand unit features a two-light mid-19th century shop window with small panes and a moulded architrave.

The return elevation facing Salop Road is also two stories high and consists of a nine-window range that includes three houses and a shop front, which is a continuation of the shop from Waterloo Place. This elevation is constructed of brick and has full-height pilasters flanking the doorways. The hipped slate roof has end wall stacks and oversailing eaves. To the left of the terrace, the shop has a doorway flanked by late 19th-century shop windows on the ground floor, while above are 16-pane sash windows with painted gauged brick heads. Each of the houses numbered 1 to 3 also features a central entrance flanked by two-pane sash windows on each floor. Number 3 retains its original six-panelled door, and all entrances are adorned with panelled architraves.