Cheltenham Court
OIRO £87,500 Leasehold

Invest in this fantastic 1-bedroom apartment located in the sought-after Cheltenham Court, Telford. This first floor apartment offers a comfortable living space and is a great opportunity for both investors and first-time buyers alike. As you enter the property, you are greeted by the spacious lounge, providing ample room for relaxation and entertaining guests. The large windows allow for plenty of natural light to flood the room, creating a warm and inviting ambiance. Adjacent to the lounge is the well-equipped kitchen, offering modern appliances and ample storage space. Whether you enjoy cooking for yourself or hosting dinner parties, this kitchen caters to all your culinary needs. The bedroom in this apartment is a cozy retreat, perfect for unwinding after a long day. With enough space for a double bed and additional furniture, you can easily create your own personal sanctuary. The bathroom features a shower, ensuring you have the option for a refreshing start to your day or a relaxing soak in the tub after a busy day at work. The contemporary design and quality fixtures add a touch of luxury to your daily routine. Another highlight of this property is the gas central heating, providing efficient warmth throughout the apartment during the colder months, keeping you snug and comfortable all year round. The lease for this apartment spans 125 years from 1 April 1989, ensuring long-term security for homeowners and investors. The ground rent is an affordable £10 per annum, and the service charge is approximately £35 per month, covering the maintenance of communal areas and essential services. For savvy investors, this property boasts an impressive rental yield of 7.7% per annum. Currently achieving £560 per calendar month, you can enjoy a steady stream of income while benefiting from the potential capital appreciation of the property. Located in Cheltenham Court, Telford, you will have easy access to a range of amenities, including shops, restaurants, and recreational facilities. The area is well-served by public transportation, making it convenient for commuting or exploring the nearby attractions and picturesque surroundings. Don't miss out on this excellent opportunity to own a quality 1-bedroom apartment in Telford. Whether you are looking to invest or start your homeownership journey, this property offers both affordability and an impressive rental return. Contact us today to arrange a viewing and secure your future in this desirable location.