10 Teagues Crescent, Trench, Telford, Shropshire, TF2 6RG

Description

Description The property is currently let at £800 per calendar month (£9,600 per annum) to an established tenant. Local market evidence indicates that similar three-bedroom properties in the Trench area are currently achieving rents in the region of £950–£1,050 per calendar month, with an average of approximately £1,000 pcm (£12,000 per annum), offering scope for increased income in the future, subject to tenancy agreements and the relevant statutory requirements. Based on a guide price of £140,000, the investment provides: Current Gross Yield: 6.86% (based on £9,600 per annum) Potential Gross Yield: 8.57% (based on £12,000 per annum) The accommodation briefly comprises an entrance hall, living room, fitted kitchen/dining area, three bedrooms and a family bathroom. Externally, the property benefits from front and rear gardens and is situated within a popular established residential location. Location Teagues Crescent is located within the established residential district of Trench, approximately three miles north of Telford Town Centre. The area is particularly popular with families and tenants due to its excellent range of everyday amenities and convenient transport links. Within walking distance are local convenience stores, supermarkets, schools and healthcare facilities, while the nearby Oakengates district offers further shopping, leisure facilities and a railway station providing connections to Shrewsbury, Wolverhampton and Birmingham. The property is also well placed for access to the A442 Queensway and the M54 motorway, making it an attractive location for commuters. Nearby amenities include: Local convenience shopping within the Trench neighbourhood. Teagues Bridge Primary School and several other well-regarded primary and secondary schools nearby. Oakengates Railway Station approximately 1 mile away. Telford Town Centre offering extensive retail, leisure and employment opportunities. Excellent road links via the A442 and M54 motorway network. Tenure Freehold

Location

10 Teagues Crescent, Trench, Telford, Shropshire, TF2 6RG

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Income Investment / Buy-to-Let. Confirm this against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Obtain a condition / structural survey

• Electrical and heating checks

• Allow for decoration and repairs

• Review tenancy documents, rent history and landlord compliance

HB initial works allowance: £5,000–£15,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

The auction particulars state current rental income of approximately £12,000 per annum. For initial appraisal only, HB estimates market rent at approximately £975–£1,200 pcm (£11,700–£14,400 pa). This is an HB estimate and should be verified against current local lettings.

GDV / Resale Analysis

HB indicative post-works / stabilised value range: £151,200–£170,800. This is an appraisal estimate only, not a RICS valuation. Verify against recent genuinely comparable sold evidence.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied scrape, so no unverified addresses or sold prices have been inserted. Check recent Land Registry / local comparable evidence before setting a maximum bid.

Potential BRRR Position

Illustrative middle case: guide £140,000 plus midpoint works of £10,000 gives about £150,000 before acquisition/finance costs. At the midpoint HB value of £161,000, an illustrative 75% refinance is about £120,750, leaving approximately £29,250 of purchase/works capital before transaction costs.

Flip Analysis

Midpoint HB value £161,000 less guide and midpoint works gives an initial gross spread of about £11,000. This is not profit: SDLT, auction fees, legal fees, finance, holding costs, utilities, insurance, selling fees and contingency must also be deducted.

Investor Risks & Due Diligence

• Review the full legal pack, title and special conditions

• Confirm buyer's premium / auction administration charges and completion timetable

• Obtain a suitable condition or structural survey

• Verify refurbishment quotations and contingency

• Verify current rental evidence and recent comparable sales

• Confirm lender requirements, valuation and exit finance

• Verify tenancy agreements, deposits, rent history and landlord compliance

Recommendation

Initial recommendation: Income Investment / Buy-to-Let. Proceed only if the legal pack, condition, funding and exit-value evidence support the proposed maximum bid.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★☆☆ | Flip/Resale: ★★★☆☆