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North Road, Wells

South West

£270,000
Listed on 14/05/2025

Property Details

Bedrooms
2
Type
Detached house
Area
775 sqft

Description

This charming mid-terraced Victorian cottage presents a unique opportunity for those looking to invest in a property that holds considerable renovation potential. Situated on a well-regarded road just a short stroll from the bustling city centre, this home features two bedrooms and boasts an impressive garden extending over 125 feet (approximately 38 meters). The expansive outdoor space offers ample scope for landscaping or even potential extensions, subject to the necessary planning permissions. The interior, while in need of updating, retains classic character elements typical of Victorian architecture, providing an ideal canvas for customization and modernization. A roof conversion could also be explored to maximize living space and enhance the property’s value, making it an appealing project for investors or DIY enthusiasts. Located in Wells, England's smallest city, this property benefits from easy access to a vibrant high street filled with independent shops and dining options. The city hosts a twice-weekly market and offers supermarkets including Waitrose for everyday conveniences. Additional amenities such as a leisure centre, independent cinema, and theatre contribute to the lively community atmosphere. Transport links are excellent, with mainline train services available at nearby Castle Cary (approximately 11 miles away) connecting you to London. Bristol International Airport is conveniently located about 15 miles to the north-west. Families will appreciate the variety of reputable schools within both state and private sectors in Wells and its surrounding areas. In summary, this property not only offers comfortable living but also represents an exciting investment opportunity due to its location, potential for renovations and expansions, and its suitability for various types of buyers.

Investment Analysis

(BA5 area)

Above Market Value

This property is priced +0.3% above area average per sq ft

+0.3%
This Property
£348/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£277
Avg Yield
3.4%

Renovation Potential

Est. Renovation Cost
£27,000 - £67,500
10-25% of property value
Target Value
£296,244
10% above area average per sq ft
Potential ROI
-12.2%
After renovation
Monthly Sales
23
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (BA5)

Area prices are rising by +3.3% over the last 12 months
3 year growth: 3.6%
5 year growth: 8.9%
Investment Disclaimer: Analysis based on BA5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

North Road, Wells
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