>
1 bedroom flat for sale
Burford, Brookside
£49,000
Burford, Brookside
£49,000
Our Summary
- Guide Price £49,000 * Plus £4,000 Buyers Premium + VAT For sale by Unconditional Online Auction - pre-auction offers welcomed
- 3% Yield based on the guide price PLUS REDUCED BUYERS PREMIUM This tenanted property offers an outstanding investment opportunity with a strong projected rental yield of 14
Description
This one-bedroom ground floor flat in Telford is an attractive investment opportunity for landlords, offering a strong projected rental yield of 14.3% based on the guide price. The property is currently generating £595 per calendar month and benefits from a stable tenant in situ, making it an ideal choice for those seeking immediate rental income. Located in a high-demand area with excellent transport links, nearby amenities, and proximity to Telford town centre, the property also offers promising long-term capital appreciation potential thanks to the town's ongoing economic growth. With 92 years remaining on the lease, a low annual ground rent of £10, and a service charge of £960, this property presents a low-cost, high-return investment opportunity for landlords.