3-bedroom house · BA5 2DU
For saleListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION Built in 2012 and tucked away in a quiet mews, just off the High Street is this beautifully presented, three bedroom, mews house with views of both St.
Cuthbert's Church and Wells Cathedral. The property also benefits from no onward chain and a covered parking space, a real bonus in the heart of the city.
Upon entering the property is a hallway with a utility cupboard with plumbing for a washing machine and understairs cupboard offering plenty of storage.
The downstairs cloakroom, also accessed from the hall, comprises a WC and wash hand basin.
The kitchen is fitted with a good range of wall and base units along with a stylish granite worktop and integrated appliances including an integrated oven, electric hob, dishwasher and fridge/freezer.
The sitting/dining room is open plan to the kitchen with a bay window to the front and ample space for comfy seating and a table for two to four people.
Stairs lead up to the first floor where there two double bedrooms and the family bathroom.
The first bedroom has fitted storage and is currently used as a further reception room with a pull-out sofa bed for guest.
The second double bedroom is presently used as an office but makes for a perfect double bedroom with fitted storage. The family bathroom comprises bath with shower over, WC and wash hand basin.
Stairs rise to the second floor and to the spacious, dual aspect principal double bedroom.
This room benefits from a built-in wardrobe along with an ensuite shower room with walk in shower, toilet, wash hand basin and heated towel rail.
OUTSIDE To the front of the property is a covered parking space and nearby, is a communal recycling area and bin store for residents' use.
LOCATION The picturesque City of Wells is located in the Mendip district of well as twice weekly markets, cinema, leisure centre, a choice of pubs and restaurants, dentists and doctors, several churches including the wonderous Wells Cathedral and both primary and secondary state schools.
There are also many highly-regarded independent schools (Prep & Senior) within easy reach, such as All Hallows Prep School, Downside School, Wells Cathedral School and Millfield School.
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.
MANAGEMENT CHARGES The property is Leasehold and all of the owners within the development have a share of the Freehold.
The Management Company is owned and run by the owners and they set their own charges based on the previous year’s accounts.
The charges are as follows: Ground Rent: £100 per annum Service Charge: To be advised £420 per annum Contribution to Sinking Fund: £600 per annum HEATING Gas central heating SERVICES Mains drainage, water, gas and electricity are all connected.
LOCAL AUTHORITY Somerset Council COUNCIL TAX Band 'E' EPC RATING Rating 'B' VIEWING Strictly by appointment with Cooper and Tanner.
Tel: DIRECTIONS By car: From our offices in Broad Street, Wells take the first left into St. John's Street.
At the end of the road turn left into South Street, continue for 150m and take the first left into Mill Lane. Bishops Mews can be found on the right hand side after 100m.
On foot: From our offices in Broad Street turn right and walk towards the High Street. Take the first right into Mill Lane. Bishops Mews can be found on the left hand side after 100m.
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 Mill Street, Wells, BA5
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