1-bedroom flat · BA5 2HT
Listing removedListed 88 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: 2984889. Description We are proud to offer this delightful airy and spacious 1 bedroom, 1 bathroom first floor flat in a great location in the beautiful market city of Wells.
Available to move in immediately, this property benefits from gas central heating and a dedicated parking space.
Property is on the first floor with it's own ground floor entrance and is offered unfurnished. Viewing highly recommended. Contact OpenRent today for more details or to arrange a viewing!
Summary Rent £855.00 per month (£197.31 per week) Deposit / Bond is £855.00 Minimum tenancy is 6 months Maximum number of tenants is 2 Summary & Exclusions: - Rent Amount: £855.00 per month (£197.31 per week) - Deposit / Bond: £855.00 - 1 Bedrooms - 1 Bathrooms - Property comes unfurnished - Available to move in from 01 August 2026 - Maximum number of tenants is 2 - No Students - No Smokers - Bills not included - Property has parking - No Garden Access - EPC Rating: C If calling, please quote reference: 2984889 Fees: You will not be charged any admin fees.
** Contact today to book a viewing and have the landlord show you round! ** Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.
OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us.
When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in.
This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
.png){kind=logo}
FAQ
About Melrose Avenue, Wells
Explore nearby
