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Lethbridge Road, Wells, Somerset, BA5

South West

£299,500
Listed on 09/04/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1001 sqft

Description

This detached bungalow presents a promising opportunity for renovation in a desirable residential area on the west side of Wells. The property features a dual-aspect sitting/dining room that offers ample natural light and connects to a generous conservatory, creating potential for an open-plan living space. While the interiors require modernisation, existing elements such as built-in wardrobes in both bedrooms and the inclusion of a study add value. The kitchen, equipped with various units and including a pantry cupboard, is ripe for an upgrade to meet contemporary standards. An enclosed garden surrounds the property, alongside driveway parking for multiple vehicles and a garage with an electric door. With its foundations of solid construction and appealing layout, this bungalow is well-positioned for transformation into a stylish home, capitalising on Wells’ community spirit and proximity to essential amenities.

Investment Analysis

(BA5 area)

Below Market Value

This property is priced -14.1% below area average per sq ft

-14.1%
Potential saving
This Property
£299/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
£383,513
10% above area average per sq ft
Potential ROI
+13.0%
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

Lethbridge Road, 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
£1,061
Based on a loan of £224,625 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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