Worst House on the Street Logo
Mill Street, Wells, Somerset BA5 - Image 1
Mill Street, Wells, Somerset BA5 - Image 2
Mill Street, Wells, Somerset BA5 - Image 3

Mill Street, Wells, Somerset BA5

South West

£250,000
Listed on 25/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
662 sqft

Description

Nestled in a tranquil setting just off the bustling High Street, this two-bedroom property on Mill Street presents an excellent opportunity for renovation enthusiasts or first-time buyers looking to make their mark. The layout features a spacious lounge and a kitchen equipped with space for essential appliances such as a washing machine and oven, along with a convenient downstairs w/c. Upstairs, you will find two well-proportioned bedrooms complemented by a family bathroom complete with both a bath and overhead shower. This character-filled home offers the added advantage of an allocated parking space, making it ideal for those who appreciate easy access to city amenities. With some updating, this property could transform into a comfortable living space or serve as an attractive rental investment. The charming City of Wells and its local conveniences are just a short walk away, enhancing the potential lifestyle appeal for future occupants.

Investment Analysis

(BA5 area)

Above Market Value

This property is priced +8.4% above area average per sq ft

+8.4%
This Property
£378/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£253,632
10% above area average per sq ft
Potential ROI
-7.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BA5)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +5.5%
5 year growth: +11.4%
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

Mill Street, Wells, Somerset BA5
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.