16 bed detached house for sale

Lodge Court, Donnington Wood, Telford TF2

An extrordinary opportunity to purchase a lot of 8 houses in Lodge Court, Donnington. For sale via Private Treaty at offers over £920,000. Each property requires some modernisation but offer a great investment opportunity. Estimated Rental Values of £800+ pcm. Two further properties on this development are also available at auction with our partners sdl. Please ask for more information.

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The current owner constructed these properties circa 20 years ago and is now looking to offload. Each house is on an individual title whilst the main drive and parking area is also on a separate title. 8 Houses and the parking area are included in this Lot.

Property Condition

1 Property is ready for immediate re-let. 3 properties are currently occupied with tenants having been served notice. 7 of the 8 houses will require refurbishment.

Rental

We have been advised and seen evidence of an offer of a 5 year deal to take all 8 houses at a rent of £850 pcm on a 5 year deal. Normal market value expected is £800 pcm. The houses must be renovated to rental specification to be able to allow the assisted living company to take a 5 year lease.

This development would make an excellent assisted living development being tucked away in a quiet residential location with only a couple of neighbours surrounding. The site would also offer a great return on investment to buy to let investors.



EPC rating: A.