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Preywater Road, Wookey, Wells, BA5

South West

£1,950,000
Listed on 26/03/2025

Property Details

Bedrooms
7
Type
Detached
Area
11375 sqft

Description

Court Farm, acquired by the current owners in 2011, is a property rich with character and potential for further development. The meticulous restoration that has taken place since then, with the oversight of a conservation architect, showcases the craftsmanship and attention to detail applied throughout. While it boasts many preserved period features such as flagstone floors, cross-beamed ceilings, and stone fireplaces, there remains an opportunity to infuse modern updates that could enhance its functionality without compromising its historical essence. The well-sized and light-filled rooms are equipped with high ceilings and various charming elements including window shutters, arched doorways, and stunning vistas overlooking the surrounding meadow. The drawing room retains its heritage as a former bishop's parlour, complete with a large fireplace housing a log burner—an ideal setting for cozy gatherings. On the first floor, four bedrooms offer comfortable living spaces with south-facing views. There is also an attic space ripe for conversion to additional accommodation or leisure areas upon obtaining necessary permissions. Adjacent to the main house is a sizeable former farm building that presents significant potential for either studio space or more living quarters. The attractive annexe converted in 2015 complements the main residence while offering an open-plan design ideal for guests or rental income possibilities. Its well-fitted kitchen and conservatory-style breakfast area blend seamlessly with traditional aesthetics. Additionally, a substantial two-storey barn stands ready for transformation into ancillary accommodation or a home office—perfectly situated on the property for privacy yet close enough to keep connected to the main family life. The gardens cover impressive grounds with established trees and diverse flora that enhances both beauty and recreational potential. Positioned at the end of a long driveway within the picturesque village of Wookey, this property not only provides peaceful country living but also easy access to local amenities and schools in Wells.

Investment Analysis

(BA5 area)

Below Market Value

This property is priced -50.8% below area average per sq ft

-50.8%
Potential saving
This Property
£171/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £120,000
Target Value
£4,358,104
10% above area average per sq ft
Potential ROI
+110.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BA5)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +5.5%
5 year growth: +11.4%
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

Preywater Road, Wookey, Wells, BA5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£6,907
Based on a loan of £1,462,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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