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Off St Thomas Street, Wells

South West

£400,000
Listed on 22/03/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
657 sqft

Description

Nestled in a tranquil and sought-after area on the eastern side of Wells, this charming three-bedroom period cottage presents an intriguing opportunity for renovation and investment. The property exudes character, offering a spacious layout that is ripe for enhancement. Upon entering, the lobby provides a welcoming first impression and serves as a potential workspace. Steps lead down to a functional kitchen/breakfast room, featuring classic white shaker cabinetry and granite countertops, alongside integrated appliances that can be updated or expanded upon to suit modern tastes. The generous sitting room showcases charming exposed beams and includes a wood-burning stove, bespoke shelving, and a delightful window seat overlooking the garden—ideal for reworking into an inviting living space. The large utility room offers additional function with possibilities for converting it into a downstairs cloakroom. Upstairs, three double bedrooms provide comfortable accommodation with picturesque views over the garden. The family bathroom is fitted with essential amenities but could benefit from modernisation. A unique feature is the attic room; accessible via steps and characterised by its Velux window with scenic views of Wells Cathedral—a valuable space for conversion into an additional bedroom or home office, pending appropriate planning permissions. The exterior space is equally compelling, encased within stone walls and featuring mature landscaping. There’s potential to establish private off-street parking or further outdoor enhancements. This property represents a rare chance to develop a character-filled home in one of Wells' most desirable locations.

Investment Analysis

(BA5 area)

Above Market Value

This property is priced +76.1% above area average per sq ft

+76.1%
This Property
£609/sq ft
Area Average
£346/sq ft
Avg Rent (weekly)
£280
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£249,874
10% above area average per sq ft
Potential ROI
-43.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (BA5)

Area prices are rising by +5.2% over the last 12 months
3 year growth: +7.2%
5 year growth: +14.9%
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

Off St Thomas Street, Wells
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 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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