1 Bed Flat For Sale

Guide Price £50,000 * Plus £3,000 Buyers Premium + VAT



For sale by Unconditional Online Auction on the 26th of March 2025.



Registration is now open, bidding opens on 26th of March 2025 at 10:00 and ends on 26th of March 2025 at 18:05.



Fantastic investment in Telford for anyone looking for a Buy to Let with a tenant in situ. 14.3% Yield based on the guide price PLUS REDUCED BUYERS PREMIUM



Description

This tenanted property offers an outstanding investment opportunity with a strong projected rental yield of 14.3% at the guide price. Currently generating £595 per calendar month, it provides immediate rental income, making it ideal for investors seeking a reliable return. Located in a high-demand area of Telford, this property benefits from excellent transport links, nearby amenities, and proximity to Telford town centre. With stable tenant demand and promising long-term capital appreciation potential thanks to Telford's ongoing economic growth, this asset is perfect for those looking to expand their portfolio with a low-cost, high-return property.



Tenure

Leasehold



Legal Pack

A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.



Auction Information.

To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.



UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a £3,000 +VAT buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).



Pre Auction Offers Are Considered

The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.



Special Conditions

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.