Orient Court, Madeley
Telford,
Shropshire, TF7 5TU
£110,000

INVESTMENT OPPORTUNITY WITH A GROSS YIELD OF 6.55% (based on paying £110,000 and the current tenant paying £600 PCM). A two-bedroom quarter house with residence parking and accommodation comprising of

Hallway, living room/diner, kitchen, landing, two bedrooms, bathroom wc, garden to the front, residence off-road parking, EPC Rating: C

Situation:
Orient Court is situated in a small residential development on the extreme northwestern edge of Telford beyond the Woodside perimeter road.

Madeley is an established historic market town and forms part of the Ironbridge Gorge World Heritage Site. Madeley centre has undergone major redevelopment incorporating a new supermarket and shops; it now forms an established residential area within the southern part of Telford being some five miles south of the wide range of shopping and recreational facilities at Telford town centre with its wide range of recreational and shopping facilities, including the New Southwater development, the M54 motorway and the town’s central railway station.

The property:
Has an entrance hallway which gives access through to the open-plan living room/diner and kitchen which has tiled flooring, a range of base and wall cupboards with an integrated oven and hob and space for additional appliances. The living room has a staircase ascending to the first floor.

The landing gives access through to two bedrooms and a bathroom wc. The bathroom wc has a modern suite comprising of a panelled bath, pedestal wash-hand basin and low-flush wc.

Outside:
To the front there is a paved footpath and grassed area adjacent to a residence parking area where there is off-road parking provision.

Tenure: We are advised the property is freehold.

We have been advised there is an estate management fee of approximately £50 a month payable to the Oak Meadows Management Company for the maintenance of the estate.

Council tax band: A

Services: We are advised all mains services are connected.

Anti Money Laundering & Proceeds of Crime Acts: To ensure compliance with the Anti Money Laundering Act and Proceeds of Crime Act: All intending purchasers must produce identification documents prior to the memorandum of sale being issued. If these are not produced in person, we will require certified copies from professionals such as doctor, teacher, solicitor, bank manager, accountant, or public notary, To avoid delays in the buying process please provide the required documents as soon as possible. We may also use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. We will also require confirmation of where the funding is coming from such as a bank statement with funding for deposit or purchase price and if mortgage finance is required a mortgage agreement in principle from your chosen lender.                     
 
Important
We take every care in preparing our sales details. They are carefully checked; however, we do not guarantee appliances, alarms, electrical fittings, plumbing, showers, etc. Photographs are a guide and do not represent items included in the sale. Room sizes are approximate. Do not use them to buy carpets or furniture. Floor plans are for guidance only and not to scale. We cannot verify the tenure as we do not have access to the legal title. We cannot guarantee boundaries, rights of way or compliance with local authority planning or building regulation control. You must take advice of your legal representative. Reference to adjoining land uses, i.e. farmland, open fields, etc does not guarantee the continued use in the future. You must make local enquiries and searches.

We work with conveyancing and survey partners including Iamproperty and the Goto Group, we receive a referral fee of up to £250 for each transaction.