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Telford Buy-to-Let 2024 Guide

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    Everything You Need to Know About Telford Buy-to-Let

    As a town built in the 60s, Telford is short on history compared to nearby Shrewsbury. However, the area has plenty of great amenities, transport links and eye-catching property prices for buy-to-let investors.

    While the West Midlands can be hit or miss with property investments, Telford has many things to appeal to property investors looking to capitalise on cheaper properties than the national average. Many investors may invest in this region specifically to buy property in Birmingham, but looking at smaller towns and cities within the area could be worthwhile, too.

    Today, we’ll cover the local property prices, rental yields and best areas for tenants and BTL investors.

    Read on for more information.

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      Telford Map

      Buy-to-Let Property Prices in Telford

      The average property price in Telford is £222,408, according to the Land Registry’s UK House Price Index. Those figures show a 2.00% price growth.

      Different property types will cost the following average price:

      • Detached: £352,109
      • Semi-detached: £199,996
      • Terraced: £168,413
      • Flats: £98,713

      The average UK property price is £291,044, with a year-on-year price growth of 0.20%.

      On average, Telford’s properties are 26.73% cheaper than the rest of the country.

      Over on Rightmove, the most popular property type in Telford is semi-detached houses. It’s easy to see why, with semi-detached prices low compared to many other places in the UK. Similar prices can be found in other West Midlands areas, for example, Coventry investment properties.

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      Telford Bridge

      Buy-to-Let Rental Market in Telford

      What is an investment property without a high rental yield to make your venture worthwhile?

      According to Home.co.uk’s Telford Market Rent Summary, the average rent in Telford is £1,148 PCM. In addition, a room costs an average of £452 PCM. Meanwhile, a flat costs around £1,003 PCM. A house commands an average rent of £1,134 PCM.

      As such, the average rental yield is 6.19%, higher than the national average.

      The national average rent (according to the Homelet Rental Index) is £1,276 PCM. The national average rental yield is around 5.2%.

      Therefore, buy-to-let investors can expect a rental yield roughly 1% higher than typical.

      The nearby University of Wolverhampton has a Telford campus, so there is some scope for student letting, but the student population isn’t substantial.

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      Buy-to-Let Investment in Telford: Area Breakdown

      This section will examine some top property investment areas in Telford and the surrounding region.

      Note: For this section, we’ve taken property prices from Rightmove and calculated yields from rents on housesforsaletorent.co.uk.

      Trench

      Trench offers a mixture of cottages and 70s/80s-style properties. Investors may also find the occasional Victorian house as well. Trench is popular due to its proximity to Horton Wood Industrial Estate and a collection of local schools.

      Average Property Prices in Trench

      The average property price in Trench is £188,753.

      Average Rental Yield in Trench

      Trench has an average rental yield of 5.30%.

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        Telford4-Wellington

        Wellington

        Wellington is a separate town in the Telford and Wrekin borough, just north of the city of Telford. It is the largest town in the area and offers some beautiful properties. However, other parts of Wellington are less popular and have cheaper properties on average. Buy-to-let investors can find properties dating back to the 1500s and more modern properties.

        Average Property Prices in Wellington

        The average property price in Wellington is £232,844. Properties in this area can cost between £100,000 and £600,000.

        Average Rental Yield in Wellington

        The average rental yield in Wellington is 3.76%.

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          Telford Aerial View

          Leegomery

          Leegomery offers good access to amenities, such as shops, parks and pools, making it popular with families on a smaller budget. This up-and-coming area is made up of ex-council houses. Buy-to-let investors can expect higher rental yields in certain regions, with rental costs rising due to the proximity to Princess Royal Hospital.

          Average Property Prices in Leegomery

          Leegomery’s average property price is £240,333.

          Average Rental Yield in Leegomery

          The average yield in this area is 3.83%.

          Telford aerial view

          Apley

          Apley is one of the most popular areas in Telford for tenants, thanks to the nearby Prince Royal Hospital. The area has a selection of charming bungalows and houses and plenty of green spaces like Apley Woods.

          Average Property Prices in Apley

          The average property price in Apley is £246,071.

          Average Rental Yield in Apley

          The average rental yield in this area is 3.76%.

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            Telford Aerial View

            Dawley

            Dawley sits on the west side of Telford Town Park and offers good access to Telford town centre. Property investors can find bungalows, cottages and family houses. The area has a shopping centre and exercise facilities. The town park has good play areas for kids, including an Alice in Wonderland excursion.

            Average Property Prices in Dawley

            The average property price in Dawley is £193,013.

            Average Rental Yield in Dawley

            The average yield in Dawley is 5.30%.

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              Why You Should Consider a Buy-to-Let Investment in Telford

              Proximity to Major Towns and Cities

              Telford offers good transport links across the West Midlands and Shropshire.

              The town is on the M54 motorway, allowing an easy connection to the M6, M5 and A5.

              Telford has numerous local train stations for those who use public transport, such as Telford Central, Wellington and Oakengates. Telford Central links directly to Birmingham’s main stations, Shrewsbury, Wolverhampton and more.

              As such, the town offers a good place to live for those who enjoy greener spaces without sacrificing the conveniences of city life.

              Regeneration

              The Telford & Wrekin Local Plan aims to introduce thousands of homes in the area by 2040. This regeneration effort will build homes for different demographics and breathe life into the local districts and borough centres. Older people will have a better quality of life. At the same time, increased property development will attract new businesses and employment opportunities, as well as protect local green spaces (of which there are many) and support environment-friendly development.

              Main Shopping Centre for the Area

              Telford is the main leisure and shopping destination in the area. It has an indoor centre built to cater to those activities, rather than a high street. The Telford Centre (not to be confused with the Trafford Centre) has 160 shops. Meanwhile, Southwater has a cinema, eateries, bowling, a library and more.

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                Construction site

                Telford New-Builds

                The supply-demand imbalance in the UK rental sector has resulted in calls for more new-build properties to help fill the gap in the market. For example, Telford Council, through WHG, new builds are being delivered by contractors and private developers.

                However, it seems that there is a trend towards constructing new build houses in Telford rather than apartment buildings. There are also generally fewer opportunities to invest in other types of new-build property in the area, as there isn’t a large market for student accommodation or short letting.

                For investors interested in new build investment, it may be worthwhile taking a look at other areas. This may include looking at properties in nearby areas like Burton new builds, but generally, there will be more diverse investment opportunities in larger cities like London and Manchester.

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                  Off-Plan Property

                  Off-Plan Property in Telford

                  Most experts would agree that investors looking for new build investment opportunities in Telford at a more affordable price should consider investing off-plan.

                  Off-plan is a good choice when targeting new-build investment, as it is typically more expensive to purchase one outright than older properties. This strategy allows investors to take advantage of discounts and payment plans by investing earlier in the construction process.

                  However, as opportunities for new build investment in Telford are quite limited, it may be worth looking at other areas to secure the best off-plan options.

                  Chances for off-plan property investment are typically more common and more diverse in major cities, such as Liverpool, with options for student letting and holiday letting.

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                    How Does Telford Compare to Other UK Regions When it Comes to Buy-to-Let?

                    While Telford offers good-value properties, rental yields in the area leave much to be desired, especially when compared to places with similarly low property values.

                    Take Liverpool.

                    With an average property price of £180,268, Liverpool properties offer even better value than Telford. In addition, rental yields surpass 7% in some parts of the city – they even exceed 10% in certain postcodes. To many, the North West is considered one of the best buy-to-let areas.

                    While Telford offers rural living, which may suit some tenants, Liverpool offers a huge student demographic of over 70,000 people, not to mention a reasonable graduation retention rate. The city has more job opportunities and many regeneration plans that bring more people to the area.

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                      Want to Invest in Telford?

                      So, while Telford is much less expensive than the national average, buy-to-let investors should be aware of the meagre rental yields. Some parts offer yields comparable to the national average, but investors can find higher gross yields if they extend their horizons.

                      Still, Telford has many amenities, links to the past and surrounding greenery to make this area an interesting property investment endeavour.

                      To get investment property advice, it could be worth reaching out to a property investment company. To find out more about other UK buy-to-let hotspots, take a look at our latest buy-to-let property guides:

                      Map of Telford

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                      Author

                      Dale Barham

                      Dale is a property content writer at RWinvest. Keeping a close eye on the UK property market, Dale helps our readers stay informed and up to date on the latest market news and statistics.

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