2-bedroom flat · TF1 3JT
For saleListed 16 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Representing an excellent opportunity for investors, this spacious third-floor apartment is situated in the popular Dothill area of Wellington and is being offered for sale with a long-term tenant already in situ, currently paying £595 per calendar month.
The property provides an attractive opportunity for an existing landlord looking to add to their portfolio or for a first-time investor seeking a property with an established rental income from day one.
Ideally positioned for access to a range of local shops, amenities and everyday facilities, Wellington town centre is also within easy reach, together with Wellington railway station providing excellent transport links.
The accommodation briefly comprises an entrance hall providing access to a generous sitting room, fitted kitchen, two well-proportioned double bedrooms and a bathroom.
The property further benefits from UPVC double glazing and gas-fired central heating.
Whilst the apartment would benefit from some cosmetic improvement and modernisation, this is reflected in the nature of the opportunity and provides scope for an investor to enhance the property in due course, subject to the appropriate permissions and tenancy arrangements.
Available to investors only with the existing tenancy continuing, an early viewing is recommended to appreciate the size, location and potential of this investment opportunity.
Hall Sitting Room (4.1m x 4.0m (13'5" x 13'1")) Kitchen (3.0m x 2.0m (9'10" x 6'6")) Bedroom One (4.3m x 2.8m (14'1" x 9'2")) Bedroom Two (3.7m x 2.7m (12'1" x 8'10" )) Bathroom
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 46, Grinshill Flats, Telford
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