No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Offers over£1,550,000
Added > 14 days

Property for sale

Lodge Court, Telford TF2
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Property
20 bed
0 bath

Property description & features

  • Tenure: Freehold
  • Development of 10 Houses
  • Estimated Rents £795 PCM
  • 10x Two Bed Houses
  • Private Gardens
  • Off Road Parking
  • Ideal Investment
  • Freehold Properties
  • Family Bathrooms + Guest Cloakroom
  • Under Refurbishment
  • Viewings by appointment only

Imagine owning your own street ! That is the proposition available at Lodge Court, Donnington. Offered for sale is a development of 10 two bedroom houses with open plan living spaces, guest cloakrooms, private gardens and plenty of off road parking. All properties have been rented out through a private firm for the past 10 years and are currently being refurbished ready for re-let / sale. Estimated rental return £95,400 P/A based on £795 PCM on each property.

EPC rating: A. Tenure: Freehold,

Rooms

History Not provided
Lodge Court was developed back the early 2000's and been rented out for the years to date. The owner is looking to now exit the rental market and is offering all 10 properties to be sold as a bundle to a new investor.

Method of Sale Not provided
Our client would prefer a sale based on staged payments for each property every 2-3 months with an exchange to commit to the pricing structure in advance.

Property Descriptions Not provided
Every property comprises of two bedrooms, an open plan living space, kitchen area, family bathroom, private garden and off road parking to the front.

Current Condition Not provided
Each property is currently in need of refurbishment which the current owner is prepared to complete. The current owner is also happy to discuss terms for taking the development in its current condition.

Anticipated Rents Not provided
Current rents suggest that £795 PCM is achievable on each property taking into account the amount of parking, private gardens and size of the properties. There is currently a high rental demand in this area.

VAT Not provided
We have been advised that there is no Vat applicable to the sale.

Management Company and Site Not provided
Please note that the development currently has no management company, service charge or road maintenance charge as the site has always been owned in its entirity by the current owner.

Places of interest

    A family-owned local estate agency with the backing of a 30+ branch network. We have achieved an average of 107% of the asking price in the past 12 months. 97% of our sales go through the first time. Since opening its doors in January 2011, The Award Winning, Goodchild’s Telford has seen huge success and growth from a cold start up to a thriving estate agency and lettings business. It has quickly become the estate agent in Telford with the highest number of five star reviews. In a very competitive market place the branch prides itself in turning difficult property sales where other agents have faltered, into results. Now part of the bigger Newton Fallowell network the branch continues to go from strength to strength. Based in Wellington, Telford, the branch has strong sales in all of the surrounding areas including Dawley, Madeley, Ironbridge and Adamston.

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    Property reference P1666. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Newton Fallowell - Telford.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on May 29, 2024

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.