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St. Thomas Street, Wells, Somerset, BA5

South West

£220,000

Listed on 03/07/2026

Property details

Bedrooms
2
Type
End Of Terrace
Area
517 sqft

Description

Situated in the historic area of St. Thomas Street, this two-bedroom house in Wells presents an exciting opportunity for buyers eager to transform a property into their ideal home. Although the house requires comprehensive updating, it serves as a blank slate where personal touches and modern amenities can be seamlessly integrated throughout. Upon entering, a reception room welcomes you, providing a flexible space for both living and dining that can be reimagined to enhance natural light and flow. The kitchen is functional yet ripe for modernization, offering the potential to become a welcoming hub of the home, along with a conveniently located bathroom on the ground floor. Upstairs lies two bedrooms, while outside, a charming garden provides not just greenery but also features an intriguing pottery studio. This versatile structure can accommodate various uses – whether it be an artist's haven, home office, hobbyist space, or additional storage. The location strikes a perfect balance between calm residential life and accessibility to Wells city centre, renowned for its independent shops, cafes, and essential services. Iconic landmarks such as Wells Cathedral are nearby, enriching daily life with historical beauty. Wells is celebrated for its picturesque landscapes and community spirit. Local schools and recreational spaces contribute to its high quality of living within the stunning surroundings of Mendip Hills. This property holds tremendous potential as an investment opportunity to create significant value in a sought-after locale. Its unique attributes and proximity to amenities make it an attractive prospect worthy of consideration.

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Investment analysis

(BA5 area)

Above Market Value

This property is priced +23.2% above area average per sq ft

+23.2%
This Property
£426/sq ft
Area Average
£345/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£196,401
10% above area average per sq ft
Potential ROI
-27.3%
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
8%
Properties sold annually

Local Market Trend (BA5)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +5.9%
5 year growth: +10.5%
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

St. Thomas Street, Wells, Somerset, BA5
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £165,000 over 30 years at 4.45% 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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