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Mill Bank, Wellington, Telford

West Midlands

£180,000
Listed on 07/02/2026

Property Details

Bedrooms
5
Type
Terraced house
Area
2081 sqft

Description

This impressive five-bedroom semi-detached period home in Wellington presents a unique opportunity for buyers interested in investing in a property with substantial potential. Spanning three floors, the home retains many original features, including high ceilings and charming architectural details, which could be restored to enhance its character further. The ground floor encompasses a spacious lounge, featuring a log burner that adds warmth and charm, alongside a generously sized kitchen/diner that's perfect for family gatherings or entertaining guests. Below, the extensive cellar not only serves as ample storage but also holds potential for conversion into additional living space, pending necessary permissions. On the upper floors, you'll find five well-sized bedrooms complemented by a family bathroom equipped with a separate shower and WC. While this home requires a thorough refurbishment throughout, this offers an exciting chance for new owners to infuse their personal style and increase the property's value significantly. The exterior boasts a large enclosed rear garden that opens up various possibilities for outdoor living or landscaping projects, along with an outbuilding suitable for multiple uses. Located within easy reach of local amenities and transport links, this property is ideally positioned for those looking to create their dream family home or long-term investment in an area full of potential.

Investment Analysis

(TF1 area)

Below Market Value

This property is priced -64.3% below area average per sq ft

-64.3%
Potential saving
This Property
£86/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£241
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£555,336
10% above area average per sq ft
Potential ROI
+113.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (TF1)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -3.2%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on TF1 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

Mill Bank, Wellington, Telford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% 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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