1-bedroom flat · TF1 1RE
Sold STCReduced £4.5k (−5.5%) on 21 JunListed 204 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Superb First-Time Buy or Investment Opportunity with No Upward Chain This well-presented second-floor flat offers a fantastic opportunity for those seeking a low-maintenance home in a highly convenient location.
Situated in the established residential area of Wellington, the property is perfectly positioned for commuters and local professionals alike.
Offered with the significant benefit of no upward chain, this residence is ready for immediate occupation.
The apartment boasts a practical and spacious layout, finished with a neutral palette that enhances the natural light throughout.
The bright and airy lounge and dining room features modern tiled flooring and large windows, providing a versatile area for both relaxation and entertaining.
Adjacent to the living area, the functional kitchen is equipped with a range of wall and base units, ample worktop space, and plumbing for a washing machine.
The accommodation continues with a generous double bedroom which comes complete with built-in storage and wardrobes.
Serving the home is a clean, white three-piece bathroom suite comprising a panelled bath with an overhead electric shower, wash hand basin, and low-level WC.
Located on Kingshaye Road, the property benefits from excellent transport links and local infrastructure.
Wellington Town Centre is within easy reach, offering a variety of local amenities, independent shops, and the historic indoor market.
For those travelling further afield, the M54 motorway and Wellington Railway Station are nearby, providing direct and efficient routes to Shrewsbury, Telford, and the wider West Midlands.
This property is particularly attractive for those looking for a manageable first step onto the property ladder or a solid addition to a rental portfolio.
The tenure is leasehold with 109 years remaining on the lease. Maintenance is made simple with a service charge of £67.85 per month and a nominal ground rent of £10 per annum.
The flat could achieve a figure of £650 per calender month, marking a 9.45% yield. Viewing is highly recommended.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 21, Caradoc Flats, Wellington
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