Property description
GROSS YIELD OF 7.8% - INVESTMENT OPPORTUNITY - WITH EXISTING TENANT IN PLACE WITH A RENTAL INCOME OF £550 PCM.
A 3 bedroom end terraced house with detached garage at the rear:Hallway, Downstairs Cloaks/WC, Kitchen/Diner, Lounge, 3 Bedrooms, Bathroom/WC, Garage, Rear Garden, Energy Rating: C.
Situation
Brookside is a now matured, modern residential area in the central 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
Is being sold as an ideal investment opportunity currently achieving a rental income of £550 pcm. The property would benefit from improvements being carried out throughout.
The accommodation comprises an entrance porch which gives access to the hallway where there is a staircase ascending to the first floor, access to lounge and cloakroom/wc. The lounge has a door leading to the kitchen/diner and sliding patio doors leading to the rear garden. The kitchen/diner has a range of base and wall units, integrated oven and hob, space for three additional appliances, wall mounted combination central heating boiler and wider than average glazed panel door also leading to the rear garden.
On the first floor there is a landing with linen cupboard, loft hatch access point, access to three double bedrooms and bathroom/wc. The bathroom/wc would benefit from being updated, we have been advised that the local authority will carry out improvements and upgrade the bathroom if a long lease is extended to the existing tenants to adapt to their needs.
Outside
To the rear of the property there is a paved patio with steps leading to pedestrian access to the detached garage and pedestrian gate leading to the rear off road parking.
How to get there – from the Telford town centre proceed onto the A442 southbound towards Bridgnorth; exit at the next interchange (Stirchley) and take the 3rd exit right onto Homer Farm Road (signposted Brookside); at the Brookside roundabout take the first left onto Brookside Avenue then first right into Burford.
Tenure – we are advised the property is Freehold.
Services – we are advised all mains services are connected. Gas fired central heating system.
Council Tax – Band A (Buyers should be aware that improvements carried out by the seller may affect the property’s council tax banding following a sale).
A property information questionnaire is available at any time upon request.
Property Info: