We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · BA5 1SH
Listing removedReduced £3k (−2.6%) on 12 JunListed 216 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION A spacious and beautifully presented first floor apartment situated within a private development for the over 55s, within close proximity of the city centre and amenities.
The property has the benefit of beautifully kept communal gardens, a residents' lounge, laundry room, house manager and various social events to get involved in.
Upon entering the property is a good sized hallway with a large cupboard, ideal for 'day to day' storage.
The sitting/dining room is a generous size with a large window, letting in plenty of natural light, giving the room a nice homely feel.
An open arched doorway leads into the kitchen, which comprises a range of white shaker style units, an integral electric oven and hob, along with an integrated undercounter fridge.
The double bedroom is again a good size and features a fitted wardrobe with ample space for a double bed and bedroom furniture.
The shower room is fitted with a walk-in shower, WC, vanity wash basin and is fitted throughout with grey marble effect waterproof panels.
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 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: £438.68 per annum Service Charge: Currently £2660.56 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
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
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
FAQ
About Priory Road, Wells, BA5
Explore nearby
