Telford Buy-to-Let 2024 Guide

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.

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%.

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%.

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%.

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.

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.