3 bed end terrace house for sale

Catherton, Telford TF3

Victor & steel property are pleased to present this spacious three-bedroom end-terraced property, offering an excellent investment opportunity with a long-standing tenant already in occupation.

Situated in the established residential area of Stirchley, Telford, this freehold property offers generous living accommodation and is being sold with the existing tenancy in place, making it an attractive option for landlords looking to add to their investment portfolio.

The ground floor comprises a spacious living room, separate dining room, fitted kitchen, conservatory and downstairs WC.
To the first floor are three bedrooms and a family bathroom.

Externally, the property benefits from a private, low-maintenance rear garden and off-street parking. Additional features include gas central heating and double glazing throughout.

Investment Opportunity

The property has been occupied by the same tenant for approximately 12 years, providing an established tenancy with a current rental income of £700 per calendar month (£8,400 annually).

At the asking price of £135,000, this represents a gross rental yield of 6.22%.

Based on current advertised rents for comparable three-bedroom properties in the surrounding area, we estimate a potential market rental value of approximately £950 per calendar month.

Subject to the appropriate rent review procedure, this could increase annual rental income to £11,400, representing a potential gross rental yield of approximately 8.44%.

The property is conveniently located for local schools, shops and amenities, with easy access to Telford Town Centre, Telford Central railway station and the M54 motorway.

Offered for sale with the tenant in situ, this property provides an opportunity for investors seeking an established rental income with potential for future growth.

Contact Victor & Steel Property for further information or to arrange a viewing.