1-bedroom house · BA5 2RL
For saleListed 208 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION Nestled discreetly behind the High street, and benefiting from direct access to the High Street, Priest Row and Union Street is King Alfred's Court Yard.
A development of eighteen luxury homes and apartments for the over 55s.
Built around a central courtyard, this well maintained gated community benefits from a house manager, lifts, guest suite (pre-bookable) and residents' lounge.
All communal areas are well maintained and comfortably furnished.
Number sixteen is a one bedroom house over two floors presented in good condition throughout with it being newly decorated, new carpets and offered with no onward chain.
The property benefits from a 24 hour call system, video door entry system and comprises; an entrance hall with w/c.
The sitting/dining room has an alcove, perfect for an electric fire whilst benefitting from views to the courtyard gardens.
The kitchen comprises a range of fitted units, electric oven, electric hob, built-in washing machine and integrated fridge/freezer.
Stairs rise to the first floor with a double bedroom with fitted storage and the bathroom featuring a bath with shower above, toilet, wash basin and heated towel rail.
OUTSIDE There are attractive and well maintained communal gardens to the development with areas of lawn, hard landscaping and beds planted with shrubs and flowers.
Benches are dotted around the garden. A small residents car park is on-site and is accessed via electric gates. Spaces are subject to availability.
LOCATION The picturesque City of Wells offers a range of local amenities and shopping facilities with four supermarkets (including Waitrose), as well as twice weekly markets, cinema, leisure centre, a choice of pubs and restaurants, dentists, doctors and several churches.
For those travelling by train, Castle Cary station (which has direct services to London Paddington) is situated only twelve miles away.
Both the City of Bristol and the Georgian City of Bath, a World Heritage Site, are located just 20 miles away and easily accessible.
TENURE Leasehold Approximately 101 years remaining of 125 year lease (as of 2026) SERVICE CHARGES Service Charge: to be advised - per annum The service charge includes, buildings insurance, grounds maintenance, external property maintenance, cleaning and maintenance of communal areas and house manager (Monday-Friday).
Ground rent is £350 per annum. HEATING Electric heating SERVICES Mains drainage, water and electricity are all connected.
LOCAL AUTHORITY Somerset Council COUNCIL TAX Band 'D' EPC RATING Rating 'E' VIEWING Strictly by appointment with Cooper and Tanner.
Tel: DIRECTIONS On foot from the Wells office turn right into Queen Street at the end of the road turn left on to the High Street and take the first left into Priest Row.
One of the entrances to King Alfred's Courtyard can be found on the right hand side, just after the Florists.
For viewing purposes please meet our representative from Cooper & Tanner at the Priest Row entrance.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Union Street, Wells, BA5
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