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Floorplan
MapGuide price
£55,0002 bedroom apartment for sale
20 Meadowlea, Madeley, Telford, Shropshire
Auction
Apartment
2 beds
1 bath
796
EPC rating: E
Key information
Tenure: Leasehold | 88 yrs left
Council tax: Band A
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
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Features and description
- Great Investment Opportunity
- Tenant in Situ
- 2 Bedrooms, 1 Reception Room, Family Bathroom
- Upper Floor Without Lift
- Residental Parking
- 89 Years Remaining on Lease
- £56 PM for service charge & £10 per annum for ground rent
89 years remaining on lease.
Guide Price: £55,000
£56PM for service charge & £10 per annum for ground rent
This is an exceptional opportunity for buy-to-let investors and landlords seeking strong returns from a low-entry-point investment.
Offered to auction with a competitive guide price of just £55,000, is this 2-bedroom flat. Whether you are a seasoned landlord expanding your holdings or a new investor looking for a straightforward rental prospect, this property ticks all the boxes for affordability, return, and marketability.
The 2 bedroom flat comprises a well-proportioned double bedroom, a living area, kitchen and bathroom. The flat offers ample scope to modernise or enhance cosmetically, should the buyer wish to increase rental value further.
Its location offers easy access to local amenities including Madeley High Street, transport links, and employment hubs, all of which contribute to consistent rental demand in the area.
Maximise ROI in a strong rental demand area
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.
Auction Terms
This property is offered through a traditional auction. Should you view, offer or bid your data will be shared with the Auctioneer, Sheldon Bosley Knight Auctions. The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. Please contact either Nock Deighton or Sheldon Bosley Knight Auctions for details on how to register to bid. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.
The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.
Binding contracts of sale will be exchanged at the point of sale.
Auction Deposit and Fees
The following deposits and non-refundable auctioneer’s fee apply. These will need to be paid to the auctioneer on exchange of contracts:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1,500 inc. VAT
• Search pack of £420 inc. VAT
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Guide Price & Reserve Price
The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).
Plans
Plans shown are for identification purposes only.
Services: Mains water, drainage and electric heating
Tenure and Possession
The property and land are freehold. Vacant possession will be given upon completion which is normally 20 working days after the auction (please refer to the Legal Pack for further details).
Bidder Registration and Auction Legal Pack
If you would like to register to bid, please head to the following link:
passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/
You can opt to bid online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk
The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.
If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.
Legal Documents & Additional Costs
It is essential bidders check the legal documents prior to bidding and take professional advice. Special conditions of sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.
Viewings
All viewings are by appointment only through Nock Deighton Ironbridge
Directions
From Ironbridge, head north on Waterloo Street (B4373) towards Madeley. Continue on B4373: Follow the B4373 through the Ironbridge Gorge area. Enter Madeley: As you approach Madeley, continue on the B4373. Turn onto Park Street: In Madeley, turn onto Park Street. Arrive at Meadowlea: Turn onto Meadowlea; number 20 will be on your left
What3Words: ///musician.handyman.persuade.
Guide Price: £55,000
£56PM for service charge & £10 per annum for ground rent
This is an exceptional opportunity for buy-to-let investors and landlords seeking strong returns from a low-entry-point investment.
Offered to auction with a competitive guide price of just £55,000, is this 2-bedroom flat. Whether you are a seasoned landlord expanding your holdings or a new investor looking for a straightforward rental prospect, this property ticks all the boxes for affordability, return, and marketability.
The 2 bedroom flat comprises a well-proportioned double bedroom, a living area, kitchen and bathroom. The flat offers ample scope to modernise or enhance cosmetically, should the buyer wish to increase rental value further.
Its location offers easy access to local amenities including Madeley High Street, transport links, and employment hubs, all of which contribute to consistent rental demand in the area.
Maximise ROI in a strong rental demand area
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.
Auction Terms
This property is offered through a traditional auction. Should you view, offer or bid your data will be shared with the Auctioneer, Sheldon Bosley Knight Auctions. The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. Please contact either Nock Deighton or Sheldon Bosley Knight Auctions for details on how to register to bid. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.
The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.
Binding contracts of sale will be exchanged at the point of sale.
Auction Deposit and Fees
The following deposits and non-refundable auctioneer’s fee apply. These will need to be paid to the auctioneer on exchange of contracts:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1,500 inc. VAT
• Search pack of £420 inc. VAT
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Guide Price & Reserve Price
The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).
Plans
Plans shown are for identification purposes only.
Services: Mains water, drainage and electric heating
Tenure and Possession
The property and land are freehold. Vacant possession will be given upon completion which is normally 20 working days after the auction (please refer to the Legal Pack for further details).
Bidder Registration and Auction Legal Pack
If you would like to register to bid, please head to the following link:
passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/
You can opt to bid online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk
The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.
If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.
Legal Documents & Additional Costs
It is essential bidders check the legal documents prior to bidding and take professional advice. Special conditions of sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.
Viewings
All viewings are by appointment only through Nock Deighton Ironbridge
Directions
From Ironbridge, head north on Waterloo Street (B4373) towards Madeley. Continue on B4373: Follow the B4373 through the Ironbridge Gorge area. Enter Madeley: As you approach Madeley, continue on the B4373. Turn onto Park Street: In Madeley, turn onto Park Street. Arrive at Meadowlea: Turn onto Meadowlea; number 20 will be on your left
What3Words: ///musician.handyman.persuade.
Property information from this agent
About this agent
We are professional Shropshire and Worcestershire Estate Agents, with true expertise in residential sales & lettings. We pride ourselves on our exceptional levels of service and knowledge which result in higher sale prices and shorter timescales for our sellers than our competitors can achieve. We sell properties to local,regional, national and international buyers. For lettings, we find the best tenants for our landlords, ensuring the highest return on their investment. We can provide full property management, if required. As members of Propertymark, our professionalism, expertise, knowledge and reputation are second to none. So, if you’re thinking of buying, selling or renting property, talk to us first. Buyers Compliance Administration Fee: In accordance with The Money Laundering Regulations 2007, Agents are required to carry out due diligence on all Clients to confirm their identity, including the eventual buyers of a property. The Agents use electronic verification system, to verify Clients’ identity. This is not a credit check so it will have no effect on credit history though may check details you supply against any particulars on any database to which they have access. By placing an offer on a property you agree that if your offer is accepted, subject to contract, we as Agents for the seller can complete this check for a fee of £60 inc VAT (£50 + VAT) per property transaction, non-refundable under any circumstance. A record of the search will be retained by the Agents.