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See how verdicts work1-bedroom property · BA5 1UR
For saleListed 981 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION A light and spacious one bedroom, second floor apartment for the over 55's situated in a convenient location in the centre of Wells, offering splendid views over the neighbouring countryside and just a short walk from the Bishop's Palace, Cathedral and High Street.
Upon entering the property is a generous hallway two large built in cupboards. Leading off the hall, the bedroom is a generous double room with fitted wardrobes with sliding mirrored doors.
Also off the hall, the well appointed shower room comprises a large walk-in shower, hidden cistern toilet and wash hand basin with storage beneath.
The bright and spacious sitting room offers plenty of space for both sitting and dining room furniture with a lovely bay window offering south westerly views across the rooftops of Wells and the countryside beyond.
The owner currently has a seating area in the window offering the perfect spot to read a book or just to appreciate the lovely view.
The newly fitted kitchen has a range units with soft close, an electric oven and hob and views over roof tops. The gas combi boiler, also in the kitchen, is only 5 years old and is serviced annually.
Number 12 Palace Court also has the added benefit of being next to the guest suite, so perfect for visiting family and friends.
The guest suite has twin beds, a bathroom and small kitchenette and can be booked for visitors for a small fee, currently circa. £15 per night.
Residents of Palace Court also have the benefit of booking the guest suite at any other retirement development run by Anchor, for a similar price, ideal for a few days away.
OUTSIDE The development is set within the heart of the city with all amenities within a short distance.
There are well maintained flower and shrub beds around the development along with an attractive communal garden, mainly laid to lawn with shrub and flower borders to the rear of the property.
Benches are dotted around the site, a perfect spot to sit and enjoy the sunshine.
A pre bookable guest suite is available for visiting friends and family at a modest charge, with ensuite shower room and kitchenette.
The communal facilities include a residents sitting room, laundry room, gardens and parking for residents and visitors. There is also a resident house manager on site.
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, 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 - 71 years remaining (as of 2025) HEATING Gas central heating SERVICES Mains drainage, water, gas and electricity are all connected.
SERVICE CHARGES Service charge currently £3562.87 per annum (£296.90 pcm) There is no ground rent payable LOCAL AUTHORITY Somerset Council COUNCIL TAX Band 'B' EPC RATING Rating 'C' VIEWING Strictly by appointment with Cooper and Tanner.
Tel: DIRECTIONS On foot - From the Wells office in Broad Street turn left onto St. John's Street at the end of the road turn right into Southover. On the left hand side after approx.
25 metres you will see a gated archway signed 'The Old Bakery' which leads to Palace Court. Continue through the second gate into Palace Court.
By car - From the Wells office in Broad Street turn left onto St. John's Street at the end of the road turn right into Southover, take the next left into Silver Street and follow the road for approx.
100 metres. Take the next left into Palace Court.
AGENT'S NOTE Please note that in the future should you wish to sell the property you are liable to pay a charge of 1.5 % of the purchase price for each year the property is owned.
This charge goes towards the sinking (maintenance) fund for the development.
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
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Deal
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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 Silver Street, Wells, BA5
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