3-bedroom house · BA5 1PZ
For saleListed 126 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented 3-bedroom property forming part of The Old Corn Mill, with immaculate and modern accommodation, off-road parking, spacious communal gardens, countryside views and all situated within an easy walk to the centre of Wells.
EPC rating C.
Converted to a very high standard, forming part of The Old Corn Mill and situated within a level walk of the centre of Wells, 1D Keward Mill comprises a kitchen/dining room, utility and WC to the ground floor, large sitting room to the first floor, two bedrooms and a family shower room to the second floor and a further bedroom to the third floor.
The kitchen/dining has a very welcoming country feel, with lovely period features including exposed beams, whilst also having the benefit of modern fitted units and integrated appliances to include a fridge/freezer and slimline dishwasher, and space for a range style cooker.
There is ample room for a dining table and further furniture and there is access out from here to the courtyard and rear gardens.
Off the kitchen/dining room is a useful utility area with plumbing for a washing machine, storage and leading to a WC. There is also a good size understairs storage cupboard/pantry.
To the first floor, the large L-shaped sitting room is a flexible room given its size and layout and could easily accommodate a home study area.
The room benefits from a dual aspect and a balcony taking in the wonderful views over the gardens and surrounding countryside.
On the second floor are two double bedrooms (one with fitted storage) and a shower room, the third floor has a further double bedroom with built in storage.
Outside The property is approached via an area of off-road parking leading to a pretty front courtyard, with space for a table and chairs and useful storage.
Directly to the rear is a further courtyard area, ideal for alfresco dining and having a south westerly aspect.
Beyond this is an idyllic area of communal garden containing shrubs and mature trees, running alongside the mill race with stunning views to the open fields and countryside beyond.
This view can also be enjoyed from the upper floors of the property, in particular from the seating area at the top of the external stairs.
The property is located within a level walking distance of the centre of Wells. The City of Wells is renowned for its beautiful architecture, including the Cathedral and the Bishop’s Palace.
England’s smallest city, Wells contains many clubs and societies for those wishing to get involved in the thriving local community.
There are excellent shopping facilities, a bustling High Street with both independent and well-known retailers, as well as various major supermarkets, including Waitrose.
Wells also benefits from a busy, twice-weekly produce market in the Market Place.
There are excellent schools in Wells and the surrounding area including highly regarded primary schools, the sought-after Wells Blue secondary school and Wells Cathedral School.
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 1D,, Keward Mill Way, Somerset
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