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Ethel Street, Wells, Somerset, BA5

South West

£315,000
Listed on 09/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
938 sqft

Description

This three-bedroom mid-terrace period property presents a promising opportunity for renovation and investment, situated right in the heart of Wells city centre. While it requires modernization, its spacious layout and generous garden offer a solid foundation for creating a comfortable family home or enhancing its market value. Upon entering, you are greeted by a hallway that leads to two sizable reception rooms: a sitting room and a dining room, both with ample natural light. The dining room conveniently connects to the staircase leading to the upper floor, ensuring easy flow throughout the living space. At the rear of the house, you will find a kitchen alongside an adjoining utility area that houses built-in storage and the boiler. The ground floor is completed with a family bathroom. Upstairs comprises three well-sized bedrooms; two doubles and one single. The master bedroom features built-in storage, utilizing space efficiently while providing potential options for further customization. Externally, the property boasts an enclosed front garden surrounded by low-level walling, while the expansive rear garden is predominantly laid to lawn and adorned with established shrubs. This outdoor space not only enhances personal enjoyment but also offers potential for landscaping or extension (subject to planning permissions). A private driveway at the back provides off-road parking—a rare advantage in this central location. Wells is known for its stunning architecture, including landmarks like the Cathedral and Bishop's Palace, making it a vibrant place to live. The city hosts numerous clubs and societies that foster community engagement. Residents benefit from diverse shopping options along the bustling High Street featuring both independent shops and major retailers such as Waitrose. Additionally, Wells hosts a lively twice-weekly market in Market Square. With Bristol and Bath just a short drive away and Castle Cary offering convenient access to mainline train services toward London Paddington, this property stands out not only as a home but also as an investment opportunity in an area with strong rental demand.

Investment Analysis

(BA5 area)

Below Market Value

This property is priced -2.7% below area average per sq ft

-2.7%
Potential saving
This Property
£336/sq ft
Area Average
£345/sq ft
Avg Rent (weekly)
£265
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£355,971
10% above area average per sq ft
Potential ROI
-5.1%
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
39%
Properties sold annually

Local Market Trend (BA5)

Area prices are rising by +3.1% over the last 12 months
3 year growth: +6.1%
5 year growth: +12.5%
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

Ethel Street, Wells, Somerset, BA5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,136
Based on a loan of £236,250 over 30 years at 4.06% 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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