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St. Thomas Street, Wells

South West

£335,000
Listed on 09/06/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
764 sqft

Description

This charming two-bedroom cottage offers a blend of character and untapped potential, perfect for those looking to invest in a property with renovation opportunities. Nestled in the sought-after St Thomas Street area, the home is ideal for buyers interested in creating a space that reflects their personal style through thoughtful updating and modernization. The property features an exterior barn, which presents a unique chance to expand the living space or create a separate studio or workspace. This additional structure could be transformed into something remarkable, subject to the necessary planning permissions. The garden at the rear is well-maintained and provides a pleasant outdoor area, adding to the overall appeal of the home. Located conveniently within reach of local amenities and transport links, this property is not just a home; it's an investment waiting to be realized. The absence of an onward chain simplifies the purchasing process, making it easier for new owners to begin their renovation journey without delay. This cottage stands as an inviting canvas ready for improvements, ideal for individuals or investors looking to enhance their portfolio in a desirable neighborhood.

Investment Analysis

(BA5 area)

Above Market Value

This property is priced +26.0% above area average per sq ft

+26.0%
This Property
£438/sq ft
Area Average
£348/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£292,543
10% above area average per sq ft
Potential ROI
-24.0%
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

St. Thomas Street, 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
£1,227
Based on a loan of £251,250 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.

Next Steps

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