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Churchill Close, Wells

South West

£220,000
Listed on 05/05/2026

Property Details

Bedrooms
2
Type
Terraced Bungalow
Area
624 sqft

Description

Nestled in a tranquil cul-de-sac, this two-bedroom bungalow presents an exciting opportunity for buyers looking to invest in a property ripe for modernisation. The bungalow features two generously sized double bedrooms and a spacious living area that can be reimagined to suit contemporary tastes. Additionally, the ample kitchen space offers potential for an upgrade, making it ideal for those looking to add personal touches and increase the property's value. Offered with no onward chain, this is a perfect project for renovation enthusiasts or investors keen on enhancing their portfolio in the charming city of Wells. Wells is known as England's smallest city and boasts a lively high street with independent shops and eateries, complemented by a twice-weekly market. Its amenities include a leisure centre, cinema, and theatre, while Bristol and Bath are conveniently located about 22 miles away. Mainline train stations and Bristol International Airport are within close proximity, appealing to commuters and frequent travellers alike. The presence of highly regarded schools in the area further enhances its attractiveness for families.

Investment Analysis

(BA5 area)

Above Market Value

This property is priced +1.4% above area average per sq ft

+1.4%
This Property
£353/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£274
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£238,696
10% above area average per sq ft
Potential ROI
-8.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (BA5)

Area prices are rising by +9.9% over the last 12 months
3 year growth: +10.6%
5 year growth: +17.5%
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

Churchill Close, Wells
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£785
Based on a loan of £165,000 over 30 years at 3.97% 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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