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Welsh Court, Charter Way, Wells

South West

£104,000
Listed on 22/01/2026

Property Details

Bedrooms
1
Type
Flat

Description

This one-bedroom flat on the first floor presents a significant opportunity for renovation, appealing to investors and home buyers alike. While it requires some updating, its spacious layout and prime location next to the leisure centre offer a solid foundation for modern enhancements. The communal grounds add an attractive element to the property, making it a desirable option for those looking to create a personalized living space. Situated in Wells, the smallest city in England, this flat benefits from a vibrant community atmosphere. The high street is filled with independent shops and eateries, complemented by regular markets and convenient supermarket options including Waitrose. Nearby amenities such as the leisure centre, independent cinema, and theatre enhance the lifestyle available here. Excellent transport links are a major plus; mainline connections to London can be accessed from Castle Cary, located approximately 11 miles away, while Bristol International Airport is roughly 15 miles to the northwest. Additionally, Wells boasts reputable schools in both state and private sectors within close proximity. This property is offered on a "sold as seen" basis with no onward chain, presenting an appealing option for those ready to undertake renovations that will unlock its full potential.

Investment Analysis

(BA5 area)
Area Average
£345/sq ft
Avg Rent (weekly)
£265
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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
39%
Properties sold annually

Local Market Trend (BA5)

Area prices are rising by +3.1% over the last 12 months
3 year growth: +6.1%
5 year growth: +12.5%
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

Welsh Court, Charter Way, Wells
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£375
Based on a loan of £78,000 over 30 years at 4.06% 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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