1 Bed Flat For Sale Mill Lane, Telford, TF7

£74,950- Flat

Short Lease

1 of 13

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potentialYield: 7.61%rental guide£380 - £475bedroom1 Bedroom
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Last Updated: 12^th March 2024

Description

One bedroom ground floor flat, located within easy reach of Madeley's amenities. Would make an ideal investment with an expected monthly rental income of £595. The accommodation includes an open plan lounge/diner/kitchen, double bedroom and a wetroom. Allocated parking space at the front. Garden to the rear. Cash buyers preferred as financing a purchase may be difficult due to a short lease (66 years).

Agent Details

Harwood Shropshire Ltd

1-3 Instones Building, The Square, Broseley, TF12 5EW

Show Contact Number

01952 881 010

Investment Analysis

Annual Rent:

£5,640

Annual Mortgage Interest:

£1,124

Annual Costs:

£1,300

Net Profit:

£3,216

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Nearby Locations

Broseley Telford Kemberton Sutton Maddock Benthall Norton New Works Little Wenlock Buildwas Linley Brook Ryton Shifnal Nordley Beckbury Astley Abbotts Madeley Blists Hill Sutton Hill Tweedale Coalport

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.