This property is available to investment buyers and is currently tenanted by someone who has been in there for over two and a half years.

The rent collected is £520PCM which offers the buyer a Gross Yield of 7.8% when paying the asking price.

We understand the lease length is 125 years from January 2016. The ground rent is £275 per annum. Maintenance charges are paid every 6 at £475. There is also a £125 per annum charge for maintenance on surrounding trees.

Number 41 is on the ground floor and comes with an allocated parking space.

Ferridays Fields is particularly attractive due to its convenient location and nearby facilities. It is just one mile from the world famous Iron Bridge itself.

The Ironbridge Gorge is a conservation area and designated World Heritage Site.

The area offers many bars, restaurants, parks and beautiful walks. Madeley also has many amenities such as a large supermarket and a state of the art fitness centre with swimming pool.

The property falls into catchment for several excellent primary and secondary schools.

Telford town centre is approximately 3 miles away
and presents numerous departmental stores, leisure facilities and a newly developed large central park and extensive entertainment complex.

The property is ideally placed for commuters with
excellent transport links to the Telford railway
station, whilst offering simple road connections
onto the M54, M6 & M1 respectively.

Direction:
From Ironbridge proceed up Madeley Road; just
after the traffic lights turn left into Woodside
Avenue; at the mini roundabout continue straight
ahead and proceed along; after passing The
Elizabethan Public House turn right into Park
Lane where Ferridays Fields can be found on the right. Continue round until you can see the block of apartments adjacent the school. TF7 5GH