- ONLINE VIRTUAL TOUR AVAILABLE +
- Investment Property +
- Being Sold With The Benefit of a Tenant in Situ +
- Achieves An Annual Gross Yield of 7.3% Based on Current Asking Price +
- Current Tenant Pays £700 Per Calendar Month +
AN IDEAL INVESTMENT OPPORTUNITY WITH A TENANT CURRENTLY IN SITU; a three bedroom mid terrace house with accommodation comprising of:
Entrance Porch, Through Hallway, Open Plan Kitchen/Diner, Living Room, Landing, Three Bedrooms, Bathroom wc, Enclosed Rear Garden. EPC Rating: C
Situation:
Brookside is a now matured, modern residential area in the southern part of Telford being conveniently situated some two miles due south of Telford town centre with its wide range of recreational and shopping facilities, including the New Southwater development, the M54 motorway and the town's central railway station.
The Property:
This property is being sold with the benefit of the tenant in situ currently on a short-term tenancy agreement and achieves an annual gross yield of 7.3% based on the purchase price of £115,000 and the current rent of £700 per calendar month.
The property has an entrance porch which leads to a through hall providing further access to a staircase ascending to the first floor and a useful cloaks cupboard and open plan kitchen/diner. The kitchen area has a range of base and wall cupboards with an integrated oven and hob with space for additional appliances and opens through to the dining area where there are patio doors opening out to the rear garden and access leading through to the rear facing living room.
On the first floor there is landing providing access to three well proportioned bedrooms and a bathroom/wc. Two of the bedrooms have built in wardrobes whilst the bathroom/wc has a white coloured suite comprising of the usual facilities and benefits from a separate shower cubicle and separate bath in addition to a pedestal wash hand basin and low flush wc.
Outside:
To the front there is a gravelled area and paved footpath whilst to the rear there is a hard standing patio area with picket fence and steps leading to a lower garden area where there is a brick built outdoor store/shed and pedestrian gate leading out to the rear.
Tenure: Freehold
Services: All mains services are connected.
Council Tax Band: A
Anti Money Laundering & Proceeds of Crime Acts: To ensure compliance with the Anti Money Laundering Act and Proceeds of Crime Act: All intending purchasers must produce identification documents prior to the memorandum of sale being issued. If these are not produced in person we will require certified copies from professionals such as doctor, teacher, solicitor, bank manager, accountant or public notary, To avoid delays in the buying process please provide the required documents as soon as possible. We may also use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. We will also require confirmation of where the funding is coming from such as a bank statement with funding for deposit or purchase price and if mortgage finance is required a mortgage agreement in principle from your chosen lender.
Important
We take every care in preparing our sales details. They are carefully checked, however we do not guarantee appliances, alarms, electrical fittings, plumbing, showers, etc. Photographs are a guide and do not represent items included in the sale. Room sizes are approximate. Do not use them to buy carpets or furniture. Floor plans are for guidance only and not to scale. We cannot verify the tenure as we do not have access to the legal title. We cannot guarantee boundaries, rights of way or compliance with local authority planning or building regulation control. You must take advice of your legal representative. Reference to adjoining land uses, i.e. farmland, open fields, etc does not guarantee the continued use in the future. You must make local enquiries and searches. We currently work with a number of recommended conveyancing partners including Move With Us Ltd, The Conveyancing Partnership Ltd and Move Reports UK Ltd and we currently receive a referral fee of £250 for each transaction.