Deal of the Day - 1 Bed Apartment, Downton Court, Hollinswood, Telford - 9% Gross Yield Close to Telford Town Centre!

Morning landlords...

I have many clients who like Hollinswood for its location, it’s a stable area for letting flats and houses, and is popular with landlords.

Because of its popular location this Hollinswood apartment will let very well, and shouldn't take long to let. With easy links Telford Town Centre, Southwater, Telford Central railway station, the M54 motorway and the A442 road links, this will suit either a first time landlord or someone looking to build on their portfolio.

On at a guide price of £40K with BJB, this apartment can achieve a least £450 pcm, and if purchased and refurbished at say £55k (and that’s based on speaking to other landlords and investors) would give a yield just over 9.8%

This is a leasehold property with 99yr so it’s worth checking with your solicitor how much it would cost to extend this lease as this will have a bearing on resale value. out how long is left on the lease.

If you would like any further information on the Telford property market please drop me an email at martin@ letwithsignature.co.uk.