2-bedroom bungalow · BA5 3HW
For saleListed 51 days
Opportunity summary
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About
DESCRIPTION A spacious two/three bedroom detached bungalow with south-west facing gardens, garage and off road parking. Although well cared for, the property would now benefit from some updating.
Offered to the market with NO ONWARD CHAIN. Approaching the bungalow is good sized covered storm porch, leading to the front door.
The front door opens into the 'L' shaped entrance hall with loft hatch and two built-in cupboards - one airing cupboard with shelves and hot water cylinder and the other having space for coats and shoes.
The dual aspect sitting room, with coved ceiling and gas fire, is notably spacious and could also accommodate a dining table, if desired.
A large picture window looks out to the front and a feature triangular window allows light from two directions. Adjacent is the dining room which could also be used as a third bedroom.
There is ample space for a table to seat six to eight people and sliding patio doors leading out to the garden.
The kitchen features a range of units, stainless steel sink, wall mounted 'Worcester' boiler along with a window and door to the back garden.
Within the kitchen is space for a freestanding gas oven, a fridge freezer and a washing machine.
The principal bedroom, is a good size double with a coved ceiling, ample space for bedroom furniture and having a large window looking out over the garden.
The second bedroom, again double in size, has a coved ceiling and a window to the front.
The family bathroom comprises a bath with shower attachment, WC and wash basin along with a window to the front.
OUTSIDE To the side of the property is driveway, with parking for two to three cars and leading to the detached single garage.
To the side of the drive is a further area, laid to gravel, offering space for posts or garden storage.
The garage, with light and power, features an 'up and over' door to the front and a pedestrian door to the side - opening to the rear garden.
Adjacent to the garage is a pedestrian gate leading to the rear garden. At the front of the house are borders of mature planting and a path leading to the front porch.
The fully enclosed rear garden faces south-west and is designed to be low maintenance with paved pathways, seating areas, hedges and borders of mature planting.
LOCATION The picturesque City of Wells is located in the Mendip district of Somerset.
Wells itself 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, several churches and both primary and secondary state schools.
There are also many highly-regarded independent schools (Prep & Senior) within easy reach, such as All Hallows Prep School, Downside School, Wells Cathedral School and Millfield School.
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 Freehold HEATING Gas central heating SERVICES Mains drainage, water, gas, electricity are all connected VIEWING Strictly by appointment with Cooper and Tanner.
Tel: LOCAL AUTHORITY Somerset Council COUNCIL TAX Band 'D' EPC RATING Rating 'D' DIRECTIONS From central Wells take the B3139 - St. Thomas Street (signposted to Bath) continue along St.
Thomas Street passing the Budgen's Petrol station on your right. Take the next left into Hawkers Lane and then first left into Paray Drive. The property can be found immediately on the left 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 Paray Drive, Wells, BA5
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