1-bedroom flat · TF1 6YG
Let agreedReduced £30 (−4.8%) on 21 AugListed 220 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Large studio apartment situated in a secure block and internally comprising open plan living area, fitted kitchen with oven and fridge freezer and bathroom with tiled shower enclosure, with electric heating and double glazing throughout.
The apartment also has parking available.
Mercia Drive is conveniently located Apley Roundabout and Princess Royal Hospital, having easy access to Wellington, Telford Town Centre, A442 and M54 while also being situated near local bus routes.
There are a number of amenities within walking distance including Leegomery Centre, offering post office, hairdressers, convenience store and chemist and it is also within walking distance of Leegomery and Little Apley Pools and park areas.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About 65, Mercia Drive, Telford
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