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Flat 8, Wells

South West

£115,000
Listed on 22/11/2025

Property Details

Bedrooms
1
Type
Flat

Description

This one-bedroom flat on the first floor presents a promising opportunity for renovation, situated conveniently next to a leisure centre and nestled within communal grounds. The property is being sold as seen and comes with no onward chain, allowing for swift acquisition. It requires some updating, making it ideal for investors or those looking to create a personalized living space. Wells, recognized as the smallest city in England, boasts a lively high street filled with unique shops and dining options, alongside a twice-weekly market and major retailers like Waitrose. The local amenities include recreational facilities such as an independent cinema and theatre. With easy access to mainline train services from nearby Castle Cary (approximately 11 miles away) providing routes to London, as well as proximity to Bristol International Airport (around 15 miles), this location combines convenience with charm. Furthermore, Wells is home to several highly-rated schools in both the public and private sectors, adding further appeal for potential buyers or renters.

Investment Analysis

(BA5 area)
Area Average
£348/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Flat 8, 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
£421
Based on a loan of £86,250 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.

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