Summary -
187 Burford,TELFORD,TF3 1LW
TF3 1LW
1 bed 1 bath Flat
**Key Features:**
- **Price:** £50,000 (sold at auction)
- **Type:** 1-bedroom flat, Leasehold
- **Size:** 463 sq ft
- **Yield:** 14.3% with current tenant
- **Rental Income:** £595/month
- **Location:** Telford, TF3 1LW
- **Service Charge:** £1,096/year; Ground Rent: £10/year
- **Council Tax:** Very affordable
Discover an exceptional opportunity with this mid-20th-century 1-bedroom flat in Telford, perfect for investors seeking immediate rental income. Currently tenanted, the property yields an impressive 14.3% based on the guide price of £50,000, making it a compelling addition to any rental portfolio.
This flat, situated in a high-demand area with good transport links and amenities nearby, offers not just immediate returns but also strong potential for long-term capital appreciation, especially as Telford's economy continues to grow.
However, the flat is part of a leasehold scheme, and the service charges and ground rent should be factored into your investment calculations. Additionally, it’s located in an area classified as very deprived, so prospective buyers should keep this in mind when evaluating investment potential.
Don’t miss out on this affordable, low-maintenance investment opportunity, with bidding opening on March 26, 2025—secure your spot early to benefit from reduced buyer's premiums!
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