Land · TF1 1HW
For saleListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb opportunity to convert this stunning building into an attractive gated development of ten individually designed apartments occupying a substantial site on the edge of Wellington town centre.
With planning permission in place, the proposed scheme combines stylish one and two-bedroom accommodation with a passenger lift, extensive private parking and attractive landscaped surroundings.
The impressive CGI images illustrate the potential transformation of the existing building into a smart, contemporary residential development, with secure gated access, an attractive central entrance and generous parking provision.
The extensive grounds also provide excellent scope for landscaped communal areas and private outside spaces, creating a development that should appeal to both owner-occupiers and investors.
A particular strength of the scheme is its accessibility.
The inclusion of a lift, together with secure parking and predominantly level access, significantly broadens the potential market for the finished apartments, while the position allows residents to enjoy Wellington's shops, market, leisure facilities and railway station within easy reach.
Please note that some of the images are CGI's to give a representation of how the apartments could look once converted.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Tan Bank, Wellington, Telford, Shropshire, TF1 1HW
Explore nearby