2 bed Flat For Sale £67,500
This property is available to investment buyers and is currently tenanted.
The rent collected is £575PCM which offers the buyer a Gross Yield of 10% (based on guide price)
We understand the lease length is 125 years from January 2016. The ground rent is £275 per annum. Maintenance charges are paid every 6 months at £475. There is also a £125 per annum charge for maintenance on surrounding trees.
Number 45 is on the first floor and comes with an allocated parking space.
Ferridays Fields is particularly attractive due to its convenient location and nearby facilities. It is just one mile from the world famous Iron Bridge itself.
The Ironbridge Gorge is a conservation area and designated World Heritage Site.
The area offers many bars, restaurants, parks and beautiful walks. Madeley also has many amenities such as a large supermarket and a state of the art fitness centre with swimming pool.
The property falls into catchment for several excellent primary and secondary schools.
Telford town centre is approximately 3 miles away
and presents numerous departmental stores, leisure facilities and a newly developed large central park and extensive entertainment complex.
The property is ideally placed for commuters with
excellent transport links to the Telford railway
station, whilst offering simple road connections
onto the M54, M6 & M1 respectively.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.80% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Directions
From Ironbridge proceed up Madeley Road; just after the traffic lights turn left into Woodside Avenue; at the mini roundabout continue straight ahead and proceed along; after passing The Elizabethan Public House turn right into Park Lane where Ferridays Fields can be found on the right. Continue round until you can see the block of apartments adjacent the school. TF7 5GH
The rent collected is £575PCM which offers the buyer a Gross Yield of 10% (based on guide price)
We understand the lease length is 125 years from January 2016. The ground rent is £275 per annum. Maintenance charges are paid every 6 months at £475. There is also a £125 per annum charge for maintenance on surrounding trees.
Number 45 is on the first floor and comes with an allocated parking space.
Ferridays Fields is particularly attractive due to its convenient location and nearby facilities. It is just one mile from the world famous Iron Bridge itself.
The Ironbridge Gorge is a conservation area and designated World Heritage Site.
The area offers many bars, restaurants, parks and beautiful walks. Madeley also has many amenities such as a large supermarket and a state of the art fitness centre with swimming pool.
The property falls into catchment for several excellent primary and secondary schools.
Telford town centre is approximately 3 miles away
and presents numerous departmental stores, leisure facilities and a newly developed large central park and extensive entertainment complex.
The property is ideally placed for commuters with
excellent transport links to the Telford railway
station, whilst offering simple road connections
onto the M54, M6 & M1 respectively.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.80% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Directions
From Ironbridge proceed up Madeley Road; just after the traffic lights turn left into Woodside Avenue; at the mini roundabout continue straight ahead and proceed along; after passing The Elizabethan Public House turn right into Park Lane where Ferridays Fields can be found on the right. Continue round until you can see the block of apartments adjacent the school. TF7 5GH
