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George Street, Wellington

South West

£230,000
Listed on 03/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1181 sqft

Description

This three-bedroom terraced home, built in the late 19th century, presents a compelling renovation opportunity in a prime location just a short walk from the center of Wellington. With character features typical of its era, this Victorian red brick property invites new owners to bring their vision and personalize the space. The interior layout begins with an entrance hall that leads to a sitting room at the front, complete with a bay window and a gas fire, providing a cozy atmosphere. Adjacent to this is a generous dining room featuring exposed floorboards and a traditional fireplace, seamlessly connecting to the kitchen. The ground floor also includes a family bathroom and direct access to the garden, making it functional for everyday living. Upstairs, two spacious double bedrooms provide ample accommodation, while an additional bedroom on the second floor adds flexibility for various uses—be it as an office or guest room. The exterior of the property features a modest front garden bordered by a low brick wall, offering curb appeal. The rear garden is primarily laid to lawn and benefits from shared access across neighboring properties, presenting potential for landscaping or outdoor improvements. Strategically located near Wellington's vibrant market town amenities—including independent shops, national retailers like Waitrose, and diverse recreational facilities—this property is well-placed for both lifestyle convenience and potential rental income. The local area boasts good educational options and leisure pursuits such as sports centers and cinemas. Nature enthusiasts will appreciate being close to the iconic Wellington Monument and the scenic Blackdown Hills Area of Outstanding Natural Beauty. With vacant possession available and no onward chain, this home represents an exciting prospect for buyers looking to invest in renovations while enjoying the benefits of a thriving community nearby.

Investment Analysis

(TA21 area)

Below Market Value

This property is priced -33.5% below area average per sq ft

-33.5%
Potential saving
This Property
£195/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£271
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£380,312
10% above area average per sq ft
Potential ROI
+40.9%
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

George Street, 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
£843
Based on a loan of £172,500 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