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Market Street, Wells

South West

£170,000Guide Price

Listed on 22/07/2026

Property details

Bedrooms
2
Type
Character Property
Area
1050 sqft

Description

This appealing two-bedroom maisonette is located on historic Market Street in Wells, presenting a unique opportunity for renovation and investment. Set over two floors with a private entrance, the property showcases a blend of period features such as exposed beams and an open fireplace, contributing to its charm and character. The first floor includes a spacious kitchen equipped with generous storage options, a sitting/dining room perfect for relaxation or entertaining, a comfortable second bedroom, and a practical bathroom. The upper floor hosts the principal bedroom suite, which offers privacy and en-suite facilities. Outside, you’ll find a terrace-style balcony ideal for enjoying the vibrant atmosphere of the city while having space for plants or outdoor seating. While well-maintained overall, there is significant potential to enhance the property's aesthetic appeal and functionality through cosmetic upgrades tailored to personal tastes. This property also benefits from freehold tenure with a flying freehold element.

Investment analysis

(BA5 area)

Below Market Value

This property is priced -53.1% below area average per sq ft

-53.1%
Potential saving
This Property
£162/sq ft
Area Average
£345/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£398,879
10% above area average per sq ft
Potential ROI
+104.6%
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

Market Street, Wells
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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
£642
Based on a loan of £127,500 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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