Summary - 51 DALFORD COURT TELFORD TF3 2BP
2 bed 1 bath Apartment
**Standout Features:**
- **Investment Opportunity:** Sold with tenant in situ, yielding 7%.
- **Tenant Rent:** Current tenant pays £515 per month.
- **Prime Location:** Near Southwater leisure complex, Telford Shopping Centre, and Telford Central Railway Station.
- **Communal Gardens:** Offers outdoor space for relaxation.
- **Good Schools Nearby:** Multiple primary and secondary schools with 'Good' Ofsted ratings.
**Concerns:**
- **Leasehold Issue:** Only 61 years left on the lease; mortgage lenders may refuse loans.
- **High Crime Rate:** Area might require additional considerations for security.
- **Maintenance Needs:** The property is described as a fixer-upper.
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This average-sized 2-bedroom, 1-bathroom first-floor apartment in popular Hollinswood presents an excellent opportunity for investors looking to grow their portfolio. Secure a reliable income stream with a current tenant paying £515 pcm, equating to a solid 7% yield. The location boasts convenient accessibility to Telford's amenities and transport links, making this property an attractive choice.
However, potential buyers should note the remaining lease of 61 years, which could complicate financing options, as many mortgage lenders may be reluctant to provide loans. Additionally, the property may require some attention and updating inside. While the apartment features modern living spaces and communal gardens, it is important to weigh the high crime rate in the area and the challenges that may come from it.
With schools ranked 'Good' nearby and significant potential for appreciation in value, this apartment could be your ticket to a thriving investment. Don't miss the chance to secure this promising property while it lasts!
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