Property description
WITH A POTENTIAL 9.3% GROSS RENTAL YIELD (previously having a rental income of £465PCM) : A two bedroom second floor leasehold apartment.
Communal Entrance, Hallway, Lounge, Kitchen, 2 Double Bedrooms, Bathroom/WC, On Street Parking, NO UPWARD CHAIN, Energy Rating E.
Situation
Madeley is an established historic market town and forms part of the Ironbridge Gorge World Heritage Site. Madeley centre has undergone major redevelopment incorporating a new supermarket and shops; it now forms an established residential area within the southern part of Telford being some five miles south of the wide range of shopping and recreational facilities at 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 affordably priced ideal for first time buyer or buy to let investment. The property is situated on the second floor accessed via a communal entrance with staircase ascending to the second floor. The accommodation comprises an entrance hallway which gives access to the lounge, kitchen, two double bedrooms and bathroom/wc. The lounge has a cupboard housing the property’s central heating boiler and windows to two elevations creating a lovely light and airy feel with the front window having a Juliette balcony. The kitchen has a range of base and wall units and space for appliances. The bathroom/wc has a white suite comprising the usual facilities with the benefit of having a shower over the bath.
Outside
On street parking.
How to get there – from Ironbridge take the B4373 road to Madeley and Dawley; at the Lees Farm roundabout take the 2nd exit. At the next iroundabout take the 3rd exit onto parkway and proceed through two sets of traffic lights. At the next roundabout take the 2nd exit and after a short distance take the 2nd turn right into Hills Lane Drive where the property can be found on the right hand side.
Tenure – we are advised the property is Leasehold. We have been advised by our client that the lease expires on 25th November 2115. There is a service charge of £72.01 pcm for the period of 2015 and annual ground rent of £10 payable to The Wrekin Housing Trust.
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.