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Barley Close, Wells

South West

£190,000
Listed on 12/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
732 sqft

Description

This three-bedroom mid-terraced home presents a promising canvas for first-time buyers or investors looking to capitalize on the potential of this property. Set in close proximity to the city centre, it boasts a generous 60-foot rear garden, offering ample outdoor space that could be transformed into an inviting retreat. Although the property requires refurbishment, its structural elements appear sound, making it a worthwhile investment for those willing to undertake renovations. The absence of an onward chain facilitates a quicker acquisition process. Positioned in Wells, England's smallest city, this location benefits from easy access to local amenities including shops, schools, and recreational facilities such as a leisure centre and cinema. With regular markets and supermarkets nearby, residents enjoy convenient living while also being within reach of both Bristol and Bath. The renovation opportunity here lies not only in updating interiors but also in enhancing the property's appeal through landscaping and modernizing key areas. There is significant scope for improving energy efficiency as well, making this property an attractive long-term investment.

Investment Analysis

(BA5 area)

Below Market Value

This property is priced -25.4% below area average per sq ft

-25.4%
Potential saving
This Property
£260/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£274
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£280,008
10% above area average per sq ft
Potential ROI
+21.7%
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

Barley 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
£678
Based on a loan of £142,500 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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