Worst House on the Street Logo
Wells SOMERSET - Image 1
Wells SOMERSET - Image 2
Wells SOMERSET - Image 3
Wells SOMERSET - Image 4
Wells SOMERSET - Image 5
Wells SOMERSET - Image 6
Wells SOMERSET - Image 7
Wells SOMERSET - Image 8
Wells SOMERSET - Image 9

Wells SOMERSET

South West

£500,000
Listed on 15/04/2026

Property Details

Bedrooms
2
Type
Smallholding

Description

This is a noteworthy opportunity for rural development, encompassing approximately 2.2 acres with existing planning permission to convert two outbuildings into a single residential property. The site currently features a residential static caravan and ample pasture paddocks, nestled in a tranquil location at the edge of a quaint village near the picturesque Mendip Hills. Originally granted in March 2015 and varied in August 2021, the planning consent allows for an innovative design with a large open-plan kitchen/family area, two en-suite bedrooms, and a workshop linked to the main dwelling. The current owner has successfully resided on this slice of land for around two decades in the caravan, which benefits from lawful use as a dwelling. The secluded nature of the property promises both privacy and potential for further enhancement, making it an attractive investment prospect.

Investment Analysis

(BA5 area)
Area Average
£348/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Wells SOMERSET
Loading map...

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.

Stamp Duty Calculator

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.