4-bedroom detached house · BA5 2QS
Listing removedListed 354 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Blue Oak Estate Agents are delighted to bring to the market for the first time since its construction 29 Milton Lane Wells.
The property stands centrally in its large plot and is superbly positioned mid-way along the much sought after Milton Lane, Wells, which is only a short walk from the beautiful and historic city centre.
Constructed for and owned since completion by its first owner, 29 Milton Lane offers a stunning opportunity to remodel, refurbish, update and/ or extend subject to Planning Consent as many others on this highly aspirational road have previously done.
The property is detached and comprises of entrance hall, exceptional large lounge with equally sizable conservatory off of the lounge, kitchen, utility room, ground floor bathroom, separate guest cloak room, dining/study/bed 4, to ground floor.Three good sized bedrooms and a family bathroom to the first floor..
Outside there is a large driveway with parking for several cars and two single garages, the plot is mainly laid to lawn with some large specimen trees/shrubs, the entire rear garden is secluded with close board fencing and high, well-established hedging.
An early viewing via the sole agents Blue Oak is highly recommended to appreciate the true potential of this fabulous property.
Location Wells is the smallest city in England and offers a vibrant high street with a variety of independent shops and restaurants as well as a twice weekly market and a choice of supermarkets including Waitrose.
At the very heart of the city is the medieval Cathedral, Bishop-s Palace and Vicars- Close (reputed to be the oldest surviving residential street in Europe).Bristol and Bath lie c.
22 miles to the north and north-east respectively with mainline train stations to London at Castle Cary (c.11 miles) as well as Bristol and Bath.
Bristol International Airport is c.15 miles to the north-west. Of particular note is the variety of well-regarded schools in both the state and private sectors in Wells and the surrounding area.
Milton Lane is particularly well placed within the city and easy walking distance to the city centre. Directions From Wells High Street follow signs for Bristol A39 onto the Relief Road.
Turn left into Milton Lane, and the property can be found further up on the left hand side. A for sale board is displayed.
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 29, Milton Lane, Wells, Somerset, BA5
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