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2 Bed Flat For Sale Victoria Road, Telford, TF1

£115,950- Flat

Yield: 6.52%
1 of 15
Yield: 6.52%
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  • Rental Guide: £500 - £630
  • 2 Bedroom(s)
  • Description
  • Street View
  • Maps

Key Features

  • Two Bedroom Apartment
  • Gated Car Park
  • Telephone Entry System
  • Close To Wellington Centre
  • Fully Fitted Kitchen
  • Long Term Tenant In Situ
  • Leasehold
  • 764 Sq Ft
Last Updated: 18th October 2019

Description

This modern open-plan centrally located apartment consisting of entrance hallway with double bedroom, smaller second bedroom and family bathroom with white suite / shower. There is a large open plan lounge kitchen/diner with lots of natural light with light coloured units and integrated appliances.

To the rear of the property there is allocated parking in a gated area with electric entry system. The property has a current tenant in situ paying £520 pcm. This would make an ideal bolt on purchase, for more information or to book a viewing please contact the Sales Team on the details below.

Nearby Stations

  • Wellington (Shropshire) Rail Station (0.2 miles away)
  • Oakengates Rail Station (2.8 miles away)
  • Telford Central Rail Station (3.4 miles away)

Nearby Schools

  • Wrekin College (0.3 miles away)
  • Shortwood School & Children Centre (0.4 miles away)
  • The Old Hall School (0.4 miles away)
  • Short Wood Primary School (0.4 miles away)
  • Ercall Wood Academy (0.5 miles away)
Agent Details
Imperial Properties
13b, Church Street, Telford, TF1 1DD
Show Contact Number
01952 258 900

Forecast Score

Based on our analysis this property has been scored as:

Data Classified: Partially Classified
6.0

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is a lack of data to forecast this property with regards in comparison with local sold prices.
0

Profitability

Good rental demand in this area.
There is a lack of data to forecast this property with regards of profitability.
0

Interest Rates

Bank of England Base Rate:
0.1%
Lower interest rates mean lower mortgage payments and makes property more affordable historically in times of low interest rate property prices tend to increase.
10

Mortgage Availability

Good mortgage availability causes property prices to increase as people can get mortgages and buy property.
5

Fiscal Policy

Due to recent economic uncertainty the government has adjusted their spending levels and lowered tax rate. Pumping money into the economy and its central bank in order to increase money supply.
10

Comparison with other investment alternatives

Investing in this property will give you a higher return when compared to other alternative investments.
6

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 bedroom properties in close proximity are mostly listed £0 - £630 – 0 recently listed properties were found in that band. However, the highest were £0, £0, £0.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested