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North Road, Wells

South West

£270,000
Listed on 15/05/2025

Property Details

Bedrooms
2
Type
Detached house
Area
742 sqft

Description

This mid-terraced Victorian cottage presents a unique opportunity for those seeking a renovation project in a desirable area just a short stroll from the city center. Featuring two cozy bedrooms, this property is bursting with character and potential for transformation. The expansive garden, extending over 125 feet (approximately 38 meters), offers ample space for outdoor enhancements or landscaping, allowing you to create your ideal private retreat. With the possibility of a roof conversion (subject to planning permission), there is significant scope to expand living space and increase the property's value. This feature underlines the investment potential, making it an appealing choice for both first-time buyers and seasoned investors looking to capitalize on the area's growing demand. The location itself is advantageous; Wells, known as England's smallest city, boasts a vibrant high street filled with independent shops and eateries, alongside amenities such as a leisure center, cinema, and theater. Weekly markets enrich the community spirit, providing fresh produce and local crafts. Accessibility is another key benefit—Bristol and Bath are approximately 22 miles away, while mainline train services to London can be accessed from nearby Castle Cary. Bristol International Airport is conveniently located about 15 miles to the northwest. Additionally, Wells benefits from an array of reputable schools in both state and private sectors, catering to families looking for quality education options in the area. This combination of features makes this property not just a home but also an astute investment opportunity in a flourishing locale. For those interested in pursuing this property further, essential information regarding identity verification and compliance processes will be provided upon request.

Investment Analysis

(BA5 area)

Above Market Value

This property is priced +4.5% above area average per sq ft

+4.5%
This Property
£364/sq ft
Area Average
£348/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£284,119
10% above area average per sq ft
Potential ROI
-8.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (BA5)

Area prices are rising by +5.9% over the last 12 months
3 year growth: 4.6%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on BA5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£989
Based on a loan of £202,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE