Snedshill Way
OIRO £106,750 Leasehold

Attention all investors! This spacious and beautifully presented two-bedroom first floor apartment in Snedshill Way, Telford, presents a golden opportunity to add another gem to your property portfolio. Step inside and be impressed with the abundance of space and natural light that floods every corner of this delightful apartment. The well-designed layout ensures that every room is utilised to its full potential. The heart of this apartment lies in its impressive breakfast kitchen, where you can brew your morning coffee while enjoying views of the surrounding neighborhood. The kitchen offers ample storage space for all your culinary needs, allowing you to unleash your inner chef and prepare delicious meals for family and friends. The good-sized lounge offers a warm and inviting ambiance, perfect for unwinding after a long day. Whether you choose to curl up on the sofa, binge-watch your favorite TV series, or host delightful gatherings, this versatile space caters to your every mood. The family bathroom boasts functionality and style, featuring modern fixtures and fittings, allowing you to enjoy a long relaxing soak in the tub or refreshing showers. With a lease of 125 years, you can rest assured that your investment is secure and will continue to provide income for years to come. The low ground rent of approximately £10 per annum adds to the appeal, making this apartment an affordable investment option. Worried about maintenance hassles? Fret not! The manageable service charge of approximately £600 per annum covers the day-to-day tasks, ensuring that you can sit back and relax while your investment grows. Say goodbye to chilly winter nights with the added luxury of gas central heating. Stay warm and cozy throughout the seasons without worrying about soaring energy bills. Investing in this opportunity brings more than just a comfortable home - it guarantees a remarkable annual yield of approximately 7.8%. With a current monthly rental income of £700 PCM, this apartment proves to be a financially sound choice. Not only is this apartment a lucrative investment option, but it also offers proximity to a host of local amenities and attractions. The vibrant neighborhood of Snedshill Way provides easy access to schools, shops, restaurants, and transportation links, making it an ideal location for both professionals and families alike. In conclusion, this spacious two-bedroom apartment in Snedshill Way, Telford, presents an ideal investment opportunity. With its modern features, pleasing aesthetics, secure lease, low ground rent, manageable service charge, gas central heating, and attractive rental yield of approximately 7.8%, this property ticks all the boxes for a smart investment choice. Don't miss out - seize the opportunity today!

Lease - 125 years from 13 May 2002

Ground Rent Approx £10 per annum

Service Charge Approx £600 per annum

Achieving £700 PCM giving an annual yield of approx 7.8%

All details supplied by the seller February 2025