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Mantle Street, Wellington

South West

£185,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Flat
Area
1103 sqft

Description

This first-floor apartment offers a unique opportunity for those looking to invest or renovate in a prime location. With three bedrooms and spacious living areas, the property is situated within a short walking distance of Wellington's town center, providing easy access to local amenities and transport links. Dating back to 1840, the apartment features distinctive period characteristics that can be enhanced with some updating. Upon entering, you’ll find a communal entrance leading up to the apartment's expansive hallway, which benefits from natural light through its skylight. The generously sized sitting/dining room boasts a bay window, creating an inviting space that can be transformed into a modern living area while maintaining its classic charm. The kitchen/breakfast room also enjoys a bay window and provides ample space for appliances along with room for dining. The layout allows for potential reconfiguration to suit personal preferences or modern tastes. On the opposite side of the apartment, three well-proportioned bedrooms await, with two offering fitted wardrobes for added convenience. A spacious family bathroom completes the layout and presents another area where updates could significantly increase value. Externally, the property includes off-road parking for two vehicles and a manageable garden space that comes with a wooden storage shed and greenhouse—ideal for gardening enthusiasts or those looking to create an outdoor retreat. Located at the corner of Mantle Street and Champford Lane, this apartment is well-positioned with quick access to Wellington’s diverse range of shops, including independent retailers and larger stores like Waitrose. The nearby leisure facilities include a sports center with a swimming pool and local cinema. Commuters will appreciate the proximity to the Wellington by-pass leading to Junction 26 of the M5 motorway, as well as bus services connecting to surrounding villages and Taunton—approximately 7 miles away—featuring its mainline railway station. Given its size, location, and potential for renovation, this property represents an exciting investment opportunity in an area poised for growth.

Investment Analysis

(TA21 area)

Below Market Value

This property is priced -43.8% below area average per sq ft

-43.8%
Potential saving
This Property
£168/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.6%

Renovation Potential

Est. Renovation Cost
£18,500 - £46,250
10-25% of property value
Target Value
£362,413
10% above area average per sq ft
Potential ROI
+56.7%
After renovation
Monthly Sales
17
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (TA21)

Area prices are falling by +6.4% over the last 12 months
3 year growth: -5.8%
5 year growth: 15.3%
Investment Disclaimer: Analysis based on TA21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Mantle Street, Wellington
Map showing location of Mantle Street, Wellington
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