Lodge Court

Donnington Wood, Telford, TF2

Tenure: Freehold

An extrordinary opportunity to purchase a lot of 8 houses in Lodge Court, Donnington. For sale via unconditional auction with a GUIDE PRICE of £950,000  We also have a client prepared to sign a 5 year rental contract with returns of £850 PCM on each house once they have been renovated to rent. 

https://www.sdlauctions.co.uk/property/46006/residential-development-for-auction-telford/ 

Please copy and paste the above link into your browser to see the auction listing and register to bid.

Lodge Court Open Events

Monday 17th of Mar - 3.00pm = 5.00pm.

Wednesday 19th of Mar :- 4pm - 5.15pm

Monday 24th of Mar :- 1pm - 3pm

Tenure

The current owner constructed these properties circa 20 years ago and is now looking to offload. Each house is on an individual title whilst the main drive and parking area is also on a separate title. 8 Houses and the parking area are included in this Lot.

Property Condition

1 Property is ready for immediate re-let. 3 properties are currently occupied. Please see the legal pack. 7 of the 8 houses will require refurbishment.

Rental 

We have been advised and seen evidence of an offer of a 5 year deal to take all 8 houses at a rent of £850 PCM on a 5 year deal. The houses must be renovated to rental specification to be able to allow the assisted living company to take a 5 year lease.

VAT

No Vat is payable on this transaction.

Auction

This opportunity is being sold with the assistance of our partner auctioneer SDL Auctions (Eddisons). The Guide Price is £950,000.

This development would make an excellent assisted living development being tucked away in a quiet residential location with only a couple of neighbours surrounding. The site would also offer a great return on investment to buy to let investors.

Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type. 27/3/25.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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.

Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms. 

EPC rating: A. Council tax band: A, Tenure: Freehold,