1-bedroom house · BA5 1SH
Listing removedListed 162 days
Opportunity summary
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About
DESCRIPTION A well-presented ground floor apartment set within the desirable Homechime House development for the over 55's.
The apartment benefits from a glazed door leading directly out to the attractive communal gardens, is a level walk into the city centre and is offered with no onward chain.
Upon entering the property is an entrance hall, leading to all rooms.
The sitting/dining room has a door opening out to the garden and ample space for a dining area and comfortable chairs, along with a large storage cupboard.
The kitchen is fully tiled and has a range of fitted units with space for a cooker and undercounter fridge/freezer.
The double bedroom is a generous size with built-in wardrobes and a lovely aspect overlooking the gardens and central pergola.
The shower room is fully tiled and features a walk-in shower, toilet and vanity wash basin. The development benefits from a residents' lounge, laundry, pre-bookable guest suite and house manager.
All apartments benefit from Tunstall 'pull cord' call system for added piece of mind. OUTSIDE Residents' parking is situated at the front of the building from Priory Road.
The attractive communal gardens are well established, well maintained and can be accessed from the sitting room of the apartment and the residents' lounge.
There is also an area to park and charge mobility scooters.
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 and 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 86 years remaining as of 2026 SERVICE CHARGE Ground Rent: £493.52 per annum Service Charge: Currently £3959.86 per annum HEATING Electric heating SERVICES Mains drainage, water and electricity are all connected LOCAL AUTHORITY Somerset Council COUNCIL TAX Band 'A' EPC RATING Rating 'D' VIEWING Strictly by appointment with Cooper and Tanner.
Tel: DIRECTIONS From the Wells office, in Broad Street, continue along Priory Road towards the roundabout. Homechime House can be found on your right hand side.
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 Priory Road, Wells, BA5
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