2-bedroom flat · BA5 3DF
Sold STCListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the popular village of South Horrington on the outskirts of Wells, this two bedroom Grade II Listed ground floor character apartment offers allocated parking and stunning views of the communal gardens.
Requiring modernisation. Perfect for first-time buyers, downsizers or investors. No onward chain.
A characterful two bedroom ground floor apartment, nestled within the quiet and highly desirable village of South Horrington. An L-shaped entrance hall provides access to all rooms.
The good size sitting room is a bright and welcoming space, with a large stone mullion window which fills the room with natural light, while high ceilings throughout further enhance the feeling of space.
The kitchen is fitted with a range of wall and base units with ample work surface space, incorporating an integrated oven, electric hob and stainless-steel sink.
Whilst perfectly functional, the kitchen would benefit from some modernisation and offers an opportunity for a purchaser to personalise the space to suit them.
There are two bedrooms, both of which offer high ceilings and large characterful windows overlooking the communal grounds.
The accommodation is completed by a bathroom fitted with a panelled bath/shower, wash hand basin and WC, also requiring updating. Prior to marketing the vendor has had the walls freshly painted.
A purchaser now has an opportunity to further enhance this charming apartment.
Outside Lower Chapel Court enjoys beautifully maintained communal gardens, with a delightful central garden and ornamental features adding to the development's appeal, providing a peaceful setting for residents to enjoy.
The property also benefits from one allocated parking space and visitors parking within the parking area.
South Horrington is located on the eastern outskirts of Wells and is well-placed for those looking to commute to both Bath and Bristol.
Wells is within easy reach and offers famous landmarks such as the Cathedral and the Bishop’s Palace.
Wells is well known for its bustling High Street, with a wide selection of independent and national retailers together with numerous restaurants and coffee shops.
There is a twice-weekly produce market in The Market Square and many cultural activities around the city throughout the year.
In addition, there are superb schools (including a primary school at South Horrington), a leisure centre, a golf course and some wonderful rural walks nearby.
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 34, Lower Chapel Court, Wells
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