Summary - The Parade, Donnington, Telford, Shropshire, TF2 8EQ TF2 8EQ
6 bed 2 bath Apartment
Immediate rental income and refurbishment upside in established Donnington parade.
Two three-bedroom maisonettes sold together, both tenanted at £800 pcm each
This lot comprises two self-contained three-bedroom maisonettes in a mid-20th-century mixed-use parade in Donnington, offered together as an investment. Both units are currently let at £800 pcm each, producing an immediate rental income and an approximate gross yield of 10.6% at the guide price. The properties sit above retail units and provide straightforward layouts: kitchen, lounge, three bedrooms and a bathroom for each flat.
The flats are leasehold with around 98 years remaining and an average service charge of about £1,200 per year. Energy performance is rated D; heating is mains gas with a conventional boiler and radiators. The building dates from the 1950s–60s and presents as a practical, letting-ready asset rather than a modern, high-spec scheme.
Important investor considerations: the area is classified as deprived with comparatively high local crime levels, which can influence demand and tenant profile. The maisonettes are dated and will require modernization to increase capital value or justify higher rents; the legal pack should be checked for any additional costs or repair liabilities. Sale is via unconditional online auction: buyers must pay a 5% deposit on the fall of the hammer plus a buyer’s premium (5% + VAT, subject to minimums) and complete within 28 days.
This opportunity suits a landlord seeking immediate rental income and upside from refurbishment or hands-off holding. It is less suitable for owner-occupiers seeking modern finishes or purchasers unwilling to accept the auction timetable and extra buyer costs.
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