2 bedroom flat for sale

Guide Price £80,000+ * Plus 5% Buyers Premium + VAT
For sale by unconditional online auction.


To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

A well-positioned 23 bedroom ground floor flat located close to the town centre of Wem, offered for sale with a tenant already in situ paying £700 per calendar month (£8,400 per annum). The property benefits from a practical layout, flexible bedroom accommodation, and an external rear courtyard, providing private outdoor space rarely found with flats.

This is an ideal turnkey investment, allowing a buyer to generate income from day one with no initial void period. Based on the guide price, the property offers an attractive gross yield of approximately 10.5%, making it a compelling proposition for buy-to-let investors seeking strong returns.

Investment Benefits

Purchasing a property with a tenant in situ provides immediate rental income, reduced letting costs, and continuity of cash flow from completion. This makes the lot particularly appealing to investors looking for a low-hassle addition to their portfolio.

Location Wem, Shropshire

Wem is widely regarded as an up-and-coming market town within Shropshire, benefiting from increasing demand from renters and owner-occupiers alike. The town centre offers a range of everyday amenities, independent shops, supermarkets, and cafs. Wem railway station provides direct connections to Shrewsbury and Crewe, with onward links to major regional and national destinations. The area is also well served by local primary and secondary schools, further supporting consistent rental demand. With ongoing interest in the area and strong affordability, Wem continues to present solid long-term investment potential.

Summary

23 bedroom ground floor flat

Tenant in situ paying £700pcm

Approx. 10.5% gross yield at guide price

Rear courtyard

Close to Wem town centre

Strong rental demand in an emerging location

A strong income-producing asset, ideal for both new and experienced investors.

Tenure
Leasehold

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.