For sale Penthouse

23

THE BANK, TEN TREE CROFT, TELFORD, WELLINGTON, WREKIN TF1 1EJ

2 beds 1 baths 484 sq ft Listed 10 Mar 2026 (-95d)

£108,500

Reduced on 9 Jun 2026 · Was £115,000

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# 2 bedroom penthouse for sale (TF1 1EJ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 23, THE BANK, TEN TREE CROFT, TELFORD, WELLINGTON, WREKIN TF1 1EJ |
| Price | £108,500 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | B |
| Construction age | England and Wales: 2012 onwards |
| Floor area | 45 m² |
| Last sold | £112,500 Jan 2015 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 24/11/2034
- **Current heating cost:** £291/year

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/3234-2429-4409-0945-4222)

## Description

This modern two-bedroom apartment is situated in the heart of Wellington town and has views over the church green and beyond.

Situated on the top floor, this modern apartment offers a comfortable and convenient lifestyle.

The Apartment provides a  modern open plan fitted kitchen with generous seating area ideal perfect for entertaining friends and family.

The two double bedrooms are well-proportioned, offering plenty of  space, plus you will find a modern bathroom with a white three piece suite

The apartment comes with access to a gated allocated parking space.

Only a short walking distance to amenities, shops, the bus station, and train station this property is ideal for commuters are first time buyers alike.

Agents notes-

The property is currently tenanted. Interested parties should take appropriate legal advice prior to committing to purchase

Lease start: 1 Oct 2012

Time remaining: 111 years

Ground rent: £275pa

Service charge: £1,675pa

All services are mains connected

Resident Parking

Mobile coverage from all four major networks available*

Superfast Broadband available*

*Results provided by Ofcom and correct at time of listing

Anti-Money Laundering (AML) Regulations

We are required by law to conduct anti-money laundering checks on all those buying a property. DB Roberts retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly. The initial checks are performed using Movebutler. The cost of these checks is £20 (incl. VAT) for the first buyer and £10 (incl. VAT) for every additional buyer. This fee covers the cost of obtaining relevant data and any manual checks or monitoring which might be required. This fee will need to be paid by you in advance, ahead of us issuing a memorandum of sale and is non-refundable.

## Property Photos

- ![Picture No. 01](/listings/photos/173124275/75550) - Picture No. 01
- ![Picture No. 03](/listings/photos/173124275/75551) - Picture No. 03
- ![Picture No. 05](/listings/photos/173124275/75552) - Picture No. 05
- ![Picture No. 04](/listings/photos/173124275/75553) - Picture No. 04
- ![Picture No. 02](/listings/photos/173124275/75554) - Picture No. 02
- ![Picture No. 06](/listings/photos/173124275/75555) - Picture No. 06

## Floorplans

- ![Floorplan](/listings/photos/173124275/75556) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/173124275/75557) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| THE BANK 23 TEN TREE CROFT, WELLINGTON, TELFORD, WREKIN, TF1 1EJ | £112,500 | 06/01/2015 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 27 CHURCH STREET, WELLINGTON, TELFORD, WREKIN, TF1 1DG | £295,000 | 15/01/2025 | Other |
| [Same street] THE BANK 12 TEN TREE CROFT, WELLINGTON, TELFORD, WREKIN, TF1 1EJ | £71,000 | 13/01/2023 | Flat |
| THE COURT, 24 CHURCH STREET, WELLINGTON, TELFORD, WREKIN, TF1 1DG | £522,000 | 29/07/2022 | Other |
| [Same street] THE BANK 10 TEN TREE CROFT, WELLINGTON, TELFORD, WREKIN, TF1 1EJ | £87,000 | 30/06/2022 | Flat |
| [Same street] THE BANK 19 TEN TREE CROFT, WELLINGTON, TELFORD, WREKIN, TF1 1EJ | £77,000 | 10/06/2022 | Flat |
| [Same street] THE BANK 24 TEN TREE CROFT, WELLINGTON, TELFORD, WREKIN, TF1 1EJ | £115,000 | 17/12/2021 | Flat |
| 16 QUEEN STREET, WELLINGTON, TELFORD, WREKIN, TF1 1EH | £250,000 | 30/09/2021 | Other |
| THE GREEN CHURCH STREET, WELLINGTON, TELFORD, WREKIN, TF1 1DG | £90,000 | 05/07/2021 | Other |

**Street average:** £87,500 (4 sales)
**Area average:** £289,250 (4 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £1,997,555 (11 Other, TF1, 2024–2026)
- **Deviation:** -94.6%

## Rental Range

*ONS Price Index of Private Rents (Telford and Wrekin). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £768/mo
- **Realistic:** £853/mo
- **Optimistic:** £938/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Shropshire (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £593/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Grosvenor Court, TF1 | £800/mo | 2 | 0.44 miles | OpenRent |

**Average rent: £800/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.74% (weak for cashflow)
- **Max investor price (0.8%):** £100,000
- **Target investor price (1%):** £80,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £800/mo).*

- **Gross yield:** 8.8%
- **Cost-to-rent:** 11.3×
- **Monthly cashflow:** £268/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £2,411/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -89.7%
- **10y growth:** 141.3%

## House Price Index (HM Land Registry)

*Official index for Telford and Wrekin; All dwelling types series; as of March 2026.*

- **1y growth (index):** 3.4%
- **5y growth (index):** 24.3%
- **10y growth (index):** 58.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Picture No. 01 Picture No. 03 Picture No. 05 Picture No. 04 Picture No. 02 Picture No. 06

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Property details

Tenure

LEASEHOLD (110 years remaining on lease)

Floor area

45 m²

Council tax band

EPC rating

Year built

England and Wales: 2012 onwards

Last sold

£112,500 Jan 2015

Price per m²

£2,411/m²

Local average

£1,997,555 (-94.6%)

Deprivation

Decile 3 (6,816 of 33,755)

Street crime

137 incidents within 1 mile (Apr 2026)

Key features

Two Bedroom Apartment
Convenient Location
Living / Kitchen Area
Top floor with views
Allocated Parking

Additional details

Electricity: Mains supply
Water: Mains supply
Sewerage: Mains supply
Heating: Gas central
Parking: Yes
Listed property: No
Restrictions: No
Required access: No
Flooded in last 5 years: No
Flood defences: No

Description

This modern two-bedroom apartment is situated in the heart of Wellington town and has views over the church green and beyond.

Situated on the top floor, this modern apartment offers a comfortable and convenient lifestyle.

The Apartment provides a modern open plan fitted kitchen with generous seating area ideal perfect for entertaining friends and family.

The two double bedrooms are well-proportioned, offering plenty of space, plus you will find a modern bathroom with a white three piece suite

The apartment comes with access to a gated allocated parking space.

Only a short walking distance to amenities, shops, the bus station, and train station this property is ideal for commuters are first time buyers alike.

Agents notes-
The property is currently tenanted. Interested parties should take appropriate legal advice prior to committing to purchase

Lease start: 1 Oct 2012
Time remaining: 111 years
Ground rent: £275pa
Service charge: £1,675pa

All services are mains connected
Resident Parking
Mobile coverage from all four major networks available*
Superfast Broadband available*

*Results provided by Ofcom and correct at time of listing

Anti-Money Laundering (AML) Regulations

We are required by law to conduct anti-money laundering checks on all those buying a property. DB Roberts retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly. The initial checks are performed using Movebutler. The cost of these checks is £20 (incl. VAT) for the first buyer and £10 (incl. VAT) for every additional buyer. This fee covers the cost of obtaining relevant data and any manual checks or monitoring which might be required. This fee will need to be paid by you in advance, ahead of us issuing a memorandum of sale and is non-refundable.

Listed by

Telford

D B Roberts & Partners

Reference: 173124275

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 25/11/2024

Expiry date: 24/11/2034

Current heating cost: £291/year

Potential heating cost: £291/year

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC Rating Graph

Price history

Event	Date	Price	% change
Listed for sale	—	£108,500	-3.6%
Sold	06/01/2015 (11 years ago)	£112,500	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
27 CHURCH STREET, WELLINGTON, TELFORD, WREKIN, TF1 1DG	£295,000	15/01/2025	Other
Same street THE BANK 12 TEN TREE CROFT, WELLINGTON, TELFORD, WREKIN, TF1 1EJ	£71,000	13/01/2023	Flat
THE COURT, 24 CHURCH STREET, WELLINGTON, TELFORD, WREKIN, TF1 1DG	£522,000	29/07/2022	Other
Same street THE BANK 10 TEN TREE CROFT, WELLINGTON, TELFORD, WREKIN, TF1 1EJ	£87,000	30/06/2022	Flat
Same street THE BANK 19 TEN TREE CROFT, WELLINGTON, TELFORD, WREKIN, TF1 1EJ	£77,000	10/06/2022	Flat
Same street THE BANK 24 TEN TREE CROFT, WELLINGTON, TELFORD, WREKIN, TF1 1EJ	£115,000	17/12/2021	Flat
16 QUEEN STREET, WELLINGTON, TELFORD, WREKIN, TF1 1EH	£250,000	30/09/2021	Other
THE GREEN CHURCH STREET, WELLINGTON, TELFORD, WREKIN, TF1 1DG	£90,000	05/07/2021	Other

Street average: £87,500 (4 sales)

Area average: £289,250 (4 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -89.7%

10y growth 141.3%

House Price Index (HM Land Registry — official index, not sold-price averages): Telford and Wrekin. Series: All dwelling types. As of March 2026.

1y (index) 3.4%

5y (index) 24.3%

10y (index) 58.9%

Rental Range

Estimated market rent for Telford and Wrekin. Low = conservative, Realistic = average, Optimistic = best case.

Low £768/mo

Realistic £853/mo

Optimistic £938/mo

Based on Local Authority from postcode lookup → Telford and Wrekin.

LHA (30th percentile) floor for Shropshire: £593/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View TF1 1EJ

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Hair Xtreme	0.1 miles
Shop	Man About Town	0.1 miles
Bus stop	Morrisons Store	0.1 miles
Train station	Wellington	0.2 miles
Hospital	Discharge Lounge	0.8 miles
Hospital	Cardio / Respiratory	0.8 miles
Train station	Lawley Village	2.7 miles
University	University Of Wolverhampton (Shropshire Campus) (Business School)	4.2 miles
University	Harper Adams University	6.5 miles

Street-level crime

Category	Count
Violence and sexual offences	59
Criminal damage and arson	20
Shoplifting	19
Other theft	13
Public order	11
Burglary	5
Drugs	3
Vehicle crime	3
Other crime	2
Bicycle theft	1
Possession of weapons	1
Total incidents	137

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
St Patrick's Catholic Primary School	Primary	0.3 miles	Good — 25 Oct 2013
Wrekin View Primary School	Primary	0.3 miles	Good — 10 Jan 2017
Wrekin College	Other	0.5 miles	— (No rating)
The Old Hall School	Other	0.5 miles	— (No rating)
Charlton School	Secondary	0.5 miles	Good — 18 Jun 2023

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Flat, Grosvenor Court, TF1	£800/mo	2	0.44 miles	OpenRent

Average rent: £800/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.74%

Max investor price (0.8%) £100,000

Target investor price (1%) £80,000

Gross yield 8.8%

Cost-to-rent ratio 11.3×

Monthly cashflow £268/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 10.2%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).