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Auctions / Telford

63 Mill Bank, Wellington, Telford, Shropshire, TF1 1SD

Guide Price* : £140,000

Residential Investment Opportunity

  • Let Residential Investment
  • 860 sq ft (79.9 sq m)
  • Freehold
  • Let on an AST producing £675 PCM (£8,100 per annum)
  • Guide Price of £140,00 reflects an attractive Net Initial Yield of 5.8%

Description

The property comprises a three bedroom terraced house of 860 sq ft (79.9 sq m) arranged across ground, first and second floors.

The property is let on an Assured Shorthold Tenancy (AST) producing £675 PCM (£8,100 per annum).

Location

The property is situated on the outskirts of Wellington and part of the wider urban area of Telford. The property is within walking distance of the local High Street which has a variety of local retail and leisure amenities including pubs and restaurants. Additionally there are several national retailers in the local area, particularly supermarkets including, ALDI, Iceland and Tesco.

The property has strong transport links with connections onto the M54 which provides direct access to the City Centre of Telford and Birmingham.

VAT

Refer to the legal documentation

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

Agreement Documents

Additional Documents

Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.