3-bedroom flat · BA5 2SE
For saleReduced £10.5k (−3.8%) on 21 SepListed 102 days
Opportunity summary
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About
A light, airy and beautifully presented three bedroom maisonette (second and third floor), forming part of a handsome Grade II Listed building conveniently located within the heart of Wells.
Offering versatile living accommodation, this fabulous property backs onto Cathedral Green and is offered with no onward chain. Viewings by appointment.
Description A door to the front of the building opens into a communal residents’ hall, which incorporates the staircase to the second floor, where the property is located.
The apartment is entered via an initial hallway, which has a door enclosing the staircase to the third floor accommodation.
Steps then lead up to the main hall, offering access to all of the second floor rooms. The sitting room is spacious and light, with two large sash windows and attractive cornicing.
This impressive reception room includes a central fireplace with an inset living flame gas fire, as well as a shelved alcove with a storage cupboard beneath.
The kitchen is partly open to the adjoining living room, via a useful breakfast bar, providing a sociable entertaining space.
The kitchen has been fitted with a range of contemporary floor units and includes an integrated washing machine and an electric oven with a gas hob over.
In addition, there is space within the kitchen for a freestanding fridge/freezer.
The main bedroom is located on this level and is finely-proportioned, with two large sash windows to the front overlooking Sadler Street. Within the bedroom is a series of fitted wardrobes.
Completing the second floor accommodation is the bathroom, which is smartly fitted with a modern suite comprising a bath with a shower over, a low-level WC and a vanity wash hand basin.
On the upper floor, there are two further bedrooms – one of which would also be suited as a home office or hobby space, providing much versatility.
Services & outgoings We understand that mains electric, gas, water and drainage are connected to the property. Gas fired central heating. Council tax Somerset Council - Band C.
Tenure The property is offered on a leasehold basis. The term of the lease is 125 years from 24/06/1986, with 85 years remaining.
Situation The city of Wells is renowned for its beautiful architecture, including the Cathedral and the Bishop’s Palace.
England’s smallest city, Wells, contains many clubs and societies for those wishing to get involved in the thriving local community.
There are excellent shopping facilities, a bustling High Street with both independent and well-known retailers, as well as various major supermarkets, including Waitrose.
Wells also benefits from a busy, twice-weekly produce market in the Market Square.
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
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FAQ
About Flat 4, 12, Sadler Street, Wells
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