For sale by Online Auction - 28th of January 2026.
A well-positioned 23 bedroom ground floor flat located close to the town centre of Wem, offered for sale with a tenant already in situ paying £700 per calendar month (£8,400 per annum). The property benefits from a practical layout, flexible bedroom accommodation, and an external rear courtyard, providing private outdoor space rarely found with flats.
Description
This is an ideal turnkey investment, allowing a buyer to generate income from day one with no initial void period. Based on the guide price, the property offers an attractive gross yield of approximately 10.5%, making it a compelling proposition for buy-to-let investors seeking strong returns.
Investment Benefits
Purchasing a property with a tenant in situ provides immediate rental income, reduced letting costs, and continuity of cash flow from completion. This makes the lot particularly appealing to investors looking for a low-hassle addition to their portfolio.
Location Wem, Shropshire
Wem is widely regarded as an up-and-coming market town within Shropshire, benefiting from increasing demand from renters and owner-occupiers alike. The town centre offers a range of everyday amenities, independent shops, supermarkets, and cafs. Wem railway station provides direct connections to Shrewsbury and Crewe, with onward links to major regional and national destinations. The area is also well served by local primary and secondary schools, further supporting consistent rental demand. With ongoing interest in the area and strong affordability, Wem continues to present solid long-term investment potential.
Summary
23 bedroom ground floor flat
Tenant in situ paying £700pcm
Approx. 10.5% gross yield at guide price
Rear courtyard
Close to Wem town centre
Strong rental demand in an emerging location
A strong income-producing asset, ideal for both new and experienced investors.
Tenure
Leasehold
Legal Pack
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Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).