Shifnal, TF11 8HP | Investment Property for Sale | VES-TF11-001

Opportunity to purchase a semi-detached house in Shifnal generating £7,140 rent pa & gross yield of 4.3%

£165,000

Semi-detached House

VES-TF11-001

INITIAL INVESTMENT

£49,500

Based on

deposit: £41,250

stamp duty: £5,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£7,140

GROSS YIELD

4.3%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

2 reception rooms

710

Partially Furnished

Please note that this property is also part of a larger portfolio listing.

Property information

  • Spread over 2 floors
  • Front & back gardens
  • Parking
  • EPC rating D
  • Tenants have been living at the property for over 11 years

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Tenancy

RENT

£7,140 p.a. / £595 pcm

TENANCY DEPOSIT

£550

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

9 months ago

TENANCY AGREEMENT ENDS

10/16/2022

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Shifnal, Shropshire

Shifnal is a market town in Shropshire and lies around 3 miles east of Telford. It is also near the M54 motorway connecting it with Birmingham, Coventry, Walsall, Wolverhampton, Stafford, Telford, Kidderminster and Wellington, as well as Shrewsbury.

Shifnal railway station runs services westbound to Shrewsbury and eastbound to Wolverhampton and Birmingham New Street.

Some of the area attractions include Telford Town Park, a 450-acre park with many outdoor activities, Haughton Hall, Coalport China Museum, Jackfield Tile Museum, Boscobel House and The Royal Oak and Lilleshall Abbey, to name a few.

The town's close proximity to Telford offers a number of shopping and employment opportunities.

Woolpack Close,

Shifnal,

Shropshire,

England,

TF11 8HP

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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