Worst House on the Street Logo
Old Office Road, Telford - Image 1
Old Office Road, Telford - Image 2
Old Office Road, Telford - Image 3
Old Office Road, Telford - Image 4
Old Office Road, Telford - Image 5
Old Office Road, Telford - Image 6

Old Office Road, Telford

West Midlands

£300,000
Listed on 15/08/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom bungalow is positioned on a substantial plot that offers considerable renovation potential. The property has previously served as a haulage yard, making it an intriguing opportunity for those looking to invest in redevelopment. While the bungalow itself requires a complete renovation and structural assessment, its location provides a solid foundation for future endeavors. In 2016, lapsed outline planning permission was granted for the construction of eight residential units, indicating favorable conditions for development in the area. Given its existing use and zoning history, this site presents an appealing chance for investors or developers eager to explore various possibilities. With thoughtful planning and revitalization efforts, this property could be transformed into desirable housing or other ventures that align with community needs.

Investment Analysis

(TF4 area)
Area Average
£248/sq ft
Avg Rent (weekly)
£232
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TF4)

Area prices are falling by +3.2% over the last 12 months
3 year growth: -2.7%
5 year growth: 22.9%
Investment Disclaimer: Analysis based on TF4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Old Office Road, Telford
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE