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The Chapel, Southover

South West

£350,000
Listed on 25/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1055 sqft

Description

This unique property presents an exceptional opportunity for investment in a beautifully converted former chapel, offering over 2,100 sq ft of adaptable living space close to Wells High Street. Originally built in 1909, this structure is rich in character with notable architectural highlights such as stunning arched stained glass windows and an impressive vaulted ceiling featuring exposed timber beams. With existing planning permission for residential use, the property is primed for transformation into a distinctive family home or could continue its commercial function given the flexibility it offers. The proposed layout includes a grand reception hall with atrium, leading to an expansive first-floor open-plan kitchen and living area that captures natural light beautifully, along with three bedrooms and two bathrooms on the ground floor. Situated within walking distance to local amenities and cultural landmarks, this building not only showcases historical charm but also provides immense potential for those looking to create something special.

Investment Analysis

(BA5 area)

Below Market Value

This property is priced -4.8% below area average per sq ft

-4.8%
Potential saving
This Property
£332/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£404,202
10% above area average per sq ft
Potential ROI
-10.2%
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

The Chapel, Southover
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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
£1,240
Based on a loan of £262,500 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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