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Floorplan
MapOffers in region of
£650,0007 bedroom detached house for sale
Mill Bank, Wellington, Telford, Shropshire, TF1
Chain-free
Study
Detached house
7 beds
3 baths
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
IDEAL HMO INVESTMENT | £70,000+ POTENTIAL ANNUAL INCOME | 10.7% YIELD AT ASKING PRICE | NO CHAIN
An exceptional opportunity to acquire this grade II listed, seven-bedroom detached property, previously operated as a HMO and situated on convenient Mill Bank in Wellington, just a short walk from Wellington train station. With generous accommodation across four floors, this property combines period charm with modern practicality, offering excellent potential for rental income.
The current layout includes a welcoming entrance hall leading to a spacious lounge and cosy snug, providing versatile communal living space for tenants. A separate study offers an ideal home office or additional private space, while the kitchen and dining room, complemented by an adjoining garden room, create a bright and sociable hub. A utility room and ground floor bathroom complete this level.
The first floor comprises three double bedrooms, including a one bedroom with an en-suite shower room, alongside a family bathroom serving the remaining rooms. The upper floor provides four further bedrooms, offering flexibility for expansion or reconfiguration.
Investment potential: The existing seven-bedroom setup can be further converted to create up to ten bedrooms, with estimated rents of £500–£600 per room, generating a projected annual income in excess of £70,000. The basement cellar provides additional storage or conversion possibilities, subject to planning permission.
Externally, the property offers a large, low-maintenance rear garden with potential to add parking subject to necessary planning permissions and access, adding appeal for tenants seeking convenience and outdoor space.
Located close to Wellington town centre, schools, and excellent transport links, this property presents a rare no-chain investment opportunity with substantial rental yield potential.
An exceptional opportunity to acquire this grade II listed, seven-bedroom detached property, previously operated as a HMO and situated on convenient Mill Bank in Wellington, just a short walk from Wellington train station. With generous accommodation across four floors, this property combines period charm with modern practicality, offering excellent potential for rental income.
The current layout includes a welcoming entrance hall leading to a spacious lounge and cosy snug, providing versatile communal living space for tenants. A separate study offers an ideal home office or additional private space, while the kitchen and dining room, complemented by an adjoining garden room, create a bright and sociable hub. A utility room and ground floor bathroom complete this level.
The first floor comprises three double bedrooms, including a one bedroom with an en-suite shower room, alongside a family bathroom serving the remaining rooms. The upper floor provides four further bedrooms, offering flexibility for expansion or reconfiguration.
Investment potential: The existing seven-bedroom setup can be further converted to create up to ten bedrooms, with estimated rents of £500–£600 per room, generating a projected annual income in excess of £70,000. The basement cellar provides additional storage or conversion possibilities, subject to planning permission.
Externally, the property offers a large, low-maintenance rear garden with potential to add parking subject to necessary planning permissions and access, adding appeal for tenants seeking convenience and outdoor space.
Located close to Wellington town centre, schools, and excellent transport links, this property presents a rare no-chain investment opportunity with substantial rental yield potential.
About this agent
Established in 1998, Coleman Estates are Telford’s leading family run estate and letting agent and we make sure to represent the best qualities of a reputable family business: Strong performance as a result of consistent, high quality service. Our core values are accountability, honesty and a passionate dedication to making sure every one of our customers has the best experience selling or letting their home. With one central office situated in the market town of Wellington, we are able to offer our services as far north as Stafford, as southerly as Broseley, as far west as Shrewsbury and surrounds and all the way out to Albrighton to the east using the most cutting edge digital marketing, social media and a powerful online presence to cover this enormous and varied patch. Experience: Combined with Max Coleman and Kate Coleman’s expert local knowledge with over 20 years’ experience in selling and letting property in every TF and SY postcode in the county, we maintain a strong reputation as Shropshire’s independent expert in residential property. Service: With over 97% of reviews on Google rated 5* and a recent award within the nationally recognised Best Estate Agent’s Guide, it is clear that we have the utmost dedication to customer service which we believe is the backbone of our impressive track record of results for both sales and lettings. Results: Our current sales conversion rate is over 75% with market leading performance of 30 – 45 days average sale time dependent on seasonal variance. For lettings, we are regularly ranked as 1st out of 40+ agents for number of lets and new instructions. Accreditation: We are currently the most accredited agent within our local area registered with the Property Ombudsman, the NAEA, ARLA, NALS and SAFEagent – We like our customers to feel like they’re in safe hands. Call us to take the first steps to moving to your dream home.
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