Mill Bank, Wellington, TF1

NO UPWARD CHAIN | SEVEN-BEDROOM DETACHED | HMO INVESTMENT | £70,000+ POTENTIAL ANNUAL INCOME | 12.7% POTENTIAL GROSS YIELD

An exceptional opportunity to acquire this Grade II listed, seven-bedroom detached property, previously operated as an HMO and situated on convenient Mill Bank in Wellington, just a short walk from Wellington train station. Offering generous accommodation across four floors, the property combines period charm with modern practicality and presents significant potential for rental income, with the possibility of increasing the existing seven-bedroom layout to up to ten bedrooms, subject to the necessary permissions.

The ground floor comprises 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 one 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 could potentially be reconfigured to create up to ten bedrooms, with estimated rents of £500–£600 per room, generating a projected annual income in excess of £70,000. Based on the asking price, this represents a potential gross rental yield of approximately 12.7%. The basement cellar provides additional storage or potential for conversion, subject to the necessary planning and building regulations approvals.

Externally, the property offers a large, low-maintenance rear garden, with potential to add parking, subject to the necessary planning permissions and access arrangements.

Located close to Wellington town centre, schools and excellent transport links, including Wellington railway station within walking distance, this property presents an excellent investment opportunity for those looking to acquire a substantial HMO property with further income potential.

An opportunity to acquire a substantial HMO investment with significant income potential – book your viewing to appreciate the scale of the property and possibilities on offer.

Lounge

5.52m x 4.12m

Snug

3.46m x 4.44m

Study

4.33m x 4.17m

Kitchen/Dining Room

3.78m x 6.57m

Garden Room

2.11m x 4.56m

Utility Room

2.11m x 2.91m

Bathroom

2.11m x 3.52m

Cellar

5.38m x 3.93m

Bedroom

4.63m x 4.05m

Ensuite

1.79m x 2.53m

Bedroom

2.69m x 4.16m

Bedroom

2.74m x 4.16m

Bathroom

3.42m x 2.53m

Bedroom

2.69m x 4.14m

Bedroom

2.73m x 4.14m

Bedroom

2.69m x 4.07m

Bedroom

2.73m x 4.07m