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Waterloo Road, Wellington

South West

£174,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
767 sqft

Description

This three-bedroom mid-terrace property is situated within a short stroll to the heart of town, providing convenient access to local amenities including Wellington Park and both primary and secondary schools. While the home currently requires some updates, it presents a promising opportunity for buyers looking to invest in a project that allows for personalization and enhancement. Upon entering, you'll find yourself in a sitting room that features a fireplace, offering warmth and character. This space leads directly into the kitchen/dining area, which is equipped with ample wall and base cabinets for storage alongside contrasting worktops and tiled splashbacks. The kitchen includes essential appliances such as a single oven with a four-ring gas hob, an extractor fan, and a stainless steel sink, with designated areas for additional white goods. A handy understairs cupboard provides extra storage solutions, while the dining area offers enough room for family meals and access to the rear garden. The first floor hosts two bedrooms along with a family bathroom featuring modern tiling and a white suite complete with a shower over the bath. Ascending to the second floor, you will discover a spacious bedroom that benefits from far-reaching views through its window—ideal for creating a serene retreat. Outside, the rear garden includes an outbuilding with electricity and running water, perfect for use as a workshop or studio. A staircase leads to an outdoor patio area complemented by an expansive lawn—great potential exists here for landscaping or gardening enthusiasts. Located on Waterloo Road, this property is close to various shops ranging from local independent retailers to larger national chains like Waitrose. Residents can also enjoy numerous educational facilities and leisure options in Wellington, including sports centres featuring swimming pools and local cinemas. Additionally, Taunton's County Town lies about seven miles away, providing further amenities such as mainline railway services and easy access to the M5 via Junction 26. Given its location and renovation potential, this property merits serious consideration from anyone looking to invest in their next home or rental opportunity in this vibrant area.

Investment Analysis

(TA21 area)

Below Market Value

This property is priced -22.5% below area average per sq ft

-22.5%
Potential saving
This Property
£227/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£271
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£246,993
10% above area average per sq ft
Potential ROI
+21.1%
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

Waterloo 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
£637
Based on a loan of £130,500 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