Mayfield, Madeley
Telford,
Shropshire, TF7 5BX
£79,950

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FANTASTIC INVESTMENT OPPORTUNITY: With a 11.33% Gross yield (based on purchase price of £79,950). A one bedroom first floor apartment comprising:

Hallway, Living room, Kitchen, Bathoom, Commumal drying area and garden, EPC Rating: C.

Situation:
Madeley is conveniently situated within the southern part of Telford, near to the Ironbridge Gorge. With great local amenities and supermarkets, Madeley is within a five mile radius from Telford Centre’s shopping and recreational facilities. The location also provides excellent transportation routes via bus and railway services to Birmingham, Wolverhampton and Shrewsbury, as well as the M54 motorway which links to the M6.

The Property:

A fantastic opportunity to acquire an investment property with an excellent yield. The apartment is situated on the 1st floor and has a communal landing which is shared with only one other property and has access leading into a hallway which has a useful cloaks cupboard and access leading off to the kitchen, double bedroom and bathroom/wc.  The kitchen opens out to the living area and the bedroom has the benefit of a built in fitted cupboard.

 

Outside there is communal drying area and parking area

Tenure: Leasehold  -  end date will be 09/08/2123 Good news all lenders currently lend on properties with lease terms over 90 years. We are advised that there is a charge of £95.33 per month paid for the ground rent and service charge to Wrekin Housing Trust.

Services: All mains services are connected.

Council Tax Band: A
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 currently work with a number of recommended conveyancing partners including Move With Us Ltd, The Conveyancing Partnership Ltd and Move Reports UK Ltd and we currently receive a referral fee of £250 for each transaction.