Telford, TF2 9QB | Investment Property for Sale | VES-TF2-001A

Opportunity to purchase a semi-detached house in Telford generating £6,900 rent pa & gross yield of 5.1%

£135,000

Semi-detached House

VES-TF2-001A

INITIAL INVESTMENT

£40,500

Based on

deposit: £33,750

stamp duty: £4,250

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£6,900

GROSS YIELD

5.1%

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

1 reception room

581

Partially Furnished

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

Property information

  • Spread over 2 floors
  • Front and back gardens
  • Garage
  • EPC rating C
  • Tenants have been living in the property over 7 years

Notes

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

Tenancy

RENT

£6,900 p.a. / £575 pcm

TENANCY DEPOSIT

£550

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

10 months ago

TENANCY AGREEMENT ENDS

9/30/2022

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 Telford, Shropshire, West Midlands

  • Telford is a vibrant place to live and work - a thriving town in the West Midlands with fantastic amenities, picturesque countryside, internal connectivity entertainment and cultural heritage.
  • Following £1 billion housing investment, Telford is the fastest growing town in the West Midlands and sits in the top five UK locations for housing growth - with the population set to rise by 30,000 in the next 20 years.
  • The borough has a diverse manufacturing sector, a burgeoning tourism sector and research and development facilities.
  • The biggest contributors to the Borough’s economy are: distribution, transport, accommodation and food; manufacturing and public administration and education and health.

Property

  • Prices in Telford TF have increased over the past 12 months and are now at £173k on average. There have been 283 properties sold on average, every month in the area. Prices range from £66k for a 1-bed flat to £346k for a 5-bed detached property.
  • Rents in Telford TF have increased over the past 12 months and are now at £617 per month. Given prices in the area, the average yield currently 5.0% which is higher than the national average of 4.7%. Additionally, the number of listings in the area has decreased over the past year by 44%.
  • There are 101,847 dwellings in Telford TF, with an average of 2.2 people per dwelling, which is lower than the national average of 2.3.

Population

  • Telford TF has an estimated population of 223,201. The population is younger than the national averages (T&W 25.8%, England 23.7%).
  • The population of the borough is projected to grow at a faster rate than the England population
  • (T&W 13.4%, England 10.2%) and is projected to grow to 196,900 by 2031, an increase of
  • some 23,300 people.
  • There were 85,950 employee jobs (the number of jobs held by an employee) in the Borough in 2017, down 0.3% from a year ago.
  • 29.5% of the Borough working age residents were qualified to NVQ4 and above in the year ending December 2017 (West Midlands 31.8% and England 38.3%)

Businesses

  • Telford’s digital and tech sector has become a cornerstone of the local economy. Global powerhouses Capgemini and Incessant Technologies both boast UK technology hubs in the heart of our business district, with local universities specialising in digital education.
  • Through the Telford Land Deal, Enterprise Telford’s support has boosted inward investment by £236 million since 2016 - with international giants Magna International, Polytec and Filtermist among others choosing to set up advanced manufacturing facilities here.
  • There were 6,155 local businesses registered in the Borough in 2018.
  • Total Gross Value Added (GVA) stood at £3.87 billion in 2016, from £3.75 billion in 2015 (+3.2%). This compares to an increase of 4.2% across the West Midlands and 3.6% across England.
  • The 'Knowledge Economy' accounts for 40.8% of the Borough's workforce, with an estimated 33,000 employees (West Midlands 41.4% and England 46.1%).
  • The financial and insurance sectors experienced the largest percentage increase at 25.5% (from £94 million in 2015 to £118 million in 2017), and the largest percentage decrease was in the Business service sector at 5.7% (from £368 million in 2016 to £347 million in 2017).
  • Wellington and Oakengates are set to become the focus for Telford & Wrekin’s bid for a slice of the Government’s national £675 million scheme to help boost town high streets.

Schools

  • Telford has 103 schools in the area in total, 64 primary schools, 24 secondary schools and 15 further education and special schools.

Connectivity

  • Telford’s connectivity offers unrivalled access to the West Midlands economy and the wider UK, making our town an ideal for businesses relying on physical distribution and supply chain to gain the competitive edge.
  • The town’s purpose-built infrastructure includes serviced business parks designed to sustain growth and transport connectivity has secured over £40m of Government funding to maintain, improve and create the infrastructure needed.
  • A new £12 million footbridge means that commuters have immediate access to the town centre from the nearby train station.
  • Other key connection investments include the Telford international Rail Freight Terminal that accommodates a wide variety of intermodal freight logistics with direct links to the national rail network, major sea ports and key locations across Europe via the Channel Tunnel.
  • Digital connectivity is also essential for business in Telford, and through a Superfast Telford programme, 98 per cent of the borough currently enjoys superfast broadband coverage, with 100 per cent coverage by 2020.

Walker Crescent,

Telford,

Shropshire,

England,

TF2 9QB

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