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Vicarage Close, Coxley, Wells, BA5

South West

£285,000
Listed on 30/03/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
704 sqft

Description

Nestled in a peaceful cul-de-sac within the sought-after village of Coxley, this two-bedroom semi-detached bungalow presents a promising opportunity for renovation and investment. With its backdrop of open fields, the property features off-road parking, a garage, and generous garden space. Having remained in the same family for over three decades, it is ready for a new owner to unlock its full potential through updates and improvements. Upon entry, you are greeted by a conservatory/porch that invites natural light and offers pleasant views of the gardens. This welcoming space could be enhanced to create an inviting entrance or leisure area. The main hallway leads into a spacious sitting/dining room, characterized by a large front window that fills the area with daylight, making it ideal for entertaining or relaxing. A doorway connects to the kitchen, which includes fitted units and provisions for essential appliances—an area ripe for modernisation. The property contains two double bedrooms at the rear that overlook the garden, one equipped with built-in cupboards. The existing shower room features practical amenities but could benefit from contemporary upgrades. Outdoor spaces include low-maintenance gravel in the front garden and a lawned rear garden complete with a greenhouse—perfect for gardening enthusiasts or as additional recreational space. A wooden shed provides storage solutions while a garage with power offers further utility. Coxley boasts local amenities alongside proximity to Wells city centre, ensuring access to shops, schools, and transport links makes this bungalow not only appealing but an excellent investment opportunity.

Investment Analysis

(BA5 area)

Above Market Value

This property is priced +16.2% above area average per sq ft

+16.2%
This Property
£405/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£269,724
10% above area average per sq ft
Potential ROI
-17.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Vicarage Close, Coxley, 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
£1,009
Based on a loan of £213,750 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.

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