1 bed flat for sale

Ten Tree Croft, Wellington TF1

Buy to let investors only sold with tenant in situ (employed)
current rent £650 pcm = gross yield 10% pa##
leasehold-111 years remaining (125 years from 1 October 2012)
ground rent £275.48 per annum
service charge £2347.26 per annum
EPC C This modern one bedroom open plan flat is an excellent opportunity for buy-to-let investors, offered for sale with a tenant in situ. Currently achieving a rental income of £650 per calendar month, the property delivers a strong gross yield of 10 percent per annum. Situated on the mid floor and measuring approximately 333 square feet, the flat offers a practical layout with a bright living area, a modern fitted kitchen, a comfortable double bedroom, and a contemporary bathroom. The property benefits from a secure gated environment, providing peace of mind for both residents and investors. Additional features include a secure underground allocated parking space and a convenient lift within the building. The flat is leasehold, with approximately 111 years remaining on the lease (125 years from 1 October 2012), and falls under Council Tax Band A. The property has an EPC rating of C, with potential to remain at this level. Ground rent is currently £275.48 per annum, and the annual service charge is £2,347.26.

Ideally located in the heart of Telford town centre, this flat offers immediate access to a vibrant range of shops, restaurants, and amenities. For commuters, the property is just a three minute walk from both the train and bus stations, providing excellent transport links to surrounding areas and Stafford, Wolverhampton and Birmingham. The secure underground parking space allocated to the flat ensures convenience and security, a rare benefit in such a central location. The development features well-maintained communal areas, accessed via secure entry, and is set within a gated complex that promotes a sense of community and exclusivity. This property is perfectly suited to investors seeking a low-maintenance, centrally located asset with a proven rental track record and strong yield potential. Early viewing is highly recommended to appreciate the full benefits of this attractive investment opportunity.

A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

EPC Rating: C

Location

10 The Bank Ten Tree Croft, Wellington, Telford, TF1 1EJ

Parking - Secure Gated

Allocated Parking Space x 1