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See how verdicts work1-bedroom flat · BA5 1SH
For saleListed 83 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Immaculately presented one-bedroom retirement apartment situated on the second floor of the popular Homechime House development, ideally located in the heart of Wells city centre.
Offering modern, low-maintenance living for the over 60s.
Description Situated in the heart of the cathedral city of Wells, this immaculate one-bedroom retirement apartment occupies a second-floor position within the highly regarded Homechime House development.
Exclusively designed for independent retirement living, the property offers a comfortable, secure and low-maintenance lifestyle, just moments from the city's excellent range of shops, amenities and services.
Homechime House comprises 55 apartments arranged across three floors, all served by lift access.
Residents benefit from a welcoming community atmosphere together with a range of facilities, including a residents' lounge, laundry room, guest accommodation, visiting management staff and a 24-hour Appello emergency call system for added peace of mind.
The apartment itself is beautifully presented throughout and is entered via a welcoming entrance hall with useful built-in storage.
The bright and spacious living room provides an attractive living and dining space and opens into a stylish contemporary kitchen fitted with a range of modern units and integrated appliances.
The generous double bedroom features a built-in wardrobe, while the modern shower room is fitted with a large walk-in shower and contemporary suite.
Externally, residents can enjoy the convenience of on-site parking and easy access to the extensive amenities available within Wells city centre.
Entrance Hall Front door opening into spacious entrance hall with doorbell, emergency pull system and built in storage cupboard.
Doors into: Through Living Room Kitchen 10' 7" x 21' ( 3.23m x 6.40m ) Living Room Bright living space opening through to the kitchen to create a sociable and practical layout.
With double glazed window to the front aspect. Electric heater.
Kitchen The stylish contemporary kitchen is fitted with a range of modern wall and base units with contrasting stone worktops over inset with one and a half bowl stainless steel sink drainer with mixer tap over and subway tiled splashback surrounds.
Thoughtfully designed to maximise both storage and complemented by a range of integrated appliances including electric oven, hob, with extractor over, and microwave, plus washing machine, dishwasher and fridge freezer.
Bedroom 8' 9" x 12' 2" ( 2.67m x 3.71m ) A well-proportioned double bedroom complete with a built-in wardrobe providing excellent storage. Double glazed window to the front aspect. Electric heater.
Shower Room 5' 2" x 6' 7" ( 1.57m x 2.01m ) An excellent sized and fully bathroom boarded shower room fitted with a suite comprising large double walk-in shower with fitted glass shower screen and electric shower, low level wc and wash hand basin.
Heated towel rail. Extractor fan.
Outside The development enjoys a highly convenient city centre location, placing Wells' excellent range of shops, cafés, restaurants and everyday amenities within easy reach.
Resident parking is available on site, adding further convenience. Tenure There are currently 125 years remaining on the lease.
For further information regarding ground rent and maintenance charges, please call the office. Lease details are currently being compiled. For further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About Flat 40, Homechime House, Priory Road, Wells
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