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Hawkers Lane, Wells, Somerset, BA5

South West

£500,000
Listed on 01/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1251 sqft

Description

This spacious detached family residence, built around 25 years ago, presents a unique opportunity for renovation and investment in the desirable area of Wells. Offering an abundance of flexible living space, this home features two reception areas, a sizeable kitchen/diner, a utility room, and a ground floor wet room that lends itself well to various layouts. The four generously sized bedrooms include a principal suite with built-in wardrobes and its own ensuite shower room. With some modern updates and personal touches, this property could easily be transformed into a contemporary family haven. The exterior includes a detached single garage and ample driveway parking alongside an enclosed front garden bordered by an appealing stone wall. At the rear, you’ll find a paved terrace adjacent to the kitchen—ideal for outdoor dining—which is set against a backdrop of mature trees and shrubs. The adjacent playing field enhances the sense of openness and tranquility. Given its prime location within walking distance to Wells City Centre and its local amenities like supermarkets, markets, and good schools, this property not only offers comfort but excellent potential for value enhancement through strategic renovations. Consider updating the interiors or reimagining the layout to better suit modern living needs while capitalizing on its existing space.

Investment Analysis

(BA5 area)

Above Market Value

This property is priced +14.8% above area average per sq ft

+14.8%
This Property
£400/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£479,296
10% above area average per sq ft
Potential ROI
-13.6%
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

Hawkers Lane, Wells, Somerset, 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
£1,771
Based on a loan of £375,000 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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