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Sylvan Road, Wellington

South West

£220,000
Listed on 01/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
861 sqft

Description

This three-bedroom mid-terrace property presents a promising opportunity for renovation and investment in a sought-after location. The absence of a chain simplifies the purchasing process, making it easier for potential buyers to embark on their project without delay. Upon entering, you are greeted by an entrance hall that leads to versatile living spaces, including a sitting room measuring 15' 11" x 15' 1" and an adjoining dining area of 10' 8" x 8' 8". This open-plan layout offers the chance to create a cohesive living environment or maintain distinct areas depending on your vision. The compact kitchen (9' 11" x 7' 7") provides functional space yet holds considerable potential for modern updates. On the first floor, three bedrooms offer ample accommodation. Bedroom one features built-in wardrobes and measures 12' 5" x 9' 1", while bedroom two (10' 8" x 9' 1") and bedroom three (6' 6" x 6' 4") provide flexibility for a growing family or guests. The property also includes a bathroom (6' 6" x 5' 5") that is ready for renovation, providing an opportunity to enhance both functionality and aesthetics. The outdoor space includes an enclosed rear garden perfect for landscaping or gardening projects, alongside a single garage and additional off-road parking—features that significantly boost the property's appeal in this residential area. With its current configuration and location benefits, this home is ideally suited for first-time buyers looking to invest time and resources into creating their perfect living space or investors seeking a worthwhile project in a growing community. In close proximity to local amenities and transport links, this property combines the potential for personal customization with excellent investment prospects. Energy Rating: D-61; Council Tax Band: B; Tenure: Freehold.

Investment Analysis

(TA21 area)

Below Market Value

This property is priced -12.7% below area average per sq ft

-12.7%
Potential saving
This Property
£256/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£271
Avg Yield
4.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£277,264
10% above area average per sq ft
Potential ROI
+10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TA21)

Area prices are falling by +3.8% over the last 12 months
3 year growth: -7.4%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on TA21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Sylvan Road, Wellington
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£806
Based on a loan of £165,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE