2-bedroom flat · BA5 2DE
Listing removedListed 307 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom ground floor flat offering generous room sizes and excellent potential for modernisation.
The property includes a sitting room, kitchen, shower room and separate WC, along with communal gardens and an allocated outside store.
The location is highly convenient within easy reach of shops, schools and everyday amenities. No onward chain. EPC rating E.
A conveniently located two-bedroom ground floor flat situated within easy reach of Wells city centre, local shops and schools.
The property offers well-proportioned accommodation and represents an excellent opportunity for a buyer looking to modernise and tailor a home to their own taste.
The accommodation includes a hallway, a generous dual-aspect sitting room, a kitchen with space for appliances, two double bedrooms, a shower room and a separate WC.
The layout is practical, with good natural light to the principal rooms and a useful pantry area off the kitchen.
The flat enjoys use of communal gardens surrounding the building, together with an external store ideal for bicycles, tools or general storage.
Electric heaters are installed and the property is offered with no onward chain, making it a straightforward prospect for first-time buyers or investors.
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 Square.
Bristol and Bath are readily accessible, as is Castle Cary to the south which has the nearest mainline train station to London Paddington.
There is excellent schooling locally, both state and independent.
The property is conveniently located within easy travelling distance of a number of local primary schools, as well as Wells Blue School (secondary).
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
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 7, Frederick Court, Somerset
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