# 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, Wellington, TF1 | £795/mo | 2 | 0.29 miles | OpenRent | | 2 Bed Flat, Orleton Lane, TF1 | £795/mo | 2 | 0.33 miles | OpenRent | | 2 Bed Flat, Wellington, TF1 | £800/mo | 2 | 0.34 miles | OpenRent | | 2 Bed Flat, Grosvenor Court, TF1 | £800/mo | 2 | 0.44 miles | OpenRent | | 2 Bed Semi-Detached House, Greenman Close, TF1 | £900/mo | 2 | 0.64 miles | OpenRent | **Average rent: £818/mo (5 listings)** ## 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)