3-bedroom terraced house · BA5 2BX
Sold STCListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A double fronted spacious three bedroom end of terrace house,with a 80ft plus rear garden, The property is ready for its second owner to add their stamp on, and is situated within a short walk of the centre of Wells.
offered with no ongoing chain.
Upon entering the property is an entrance porch, hall opens into the large open plan kitchen/dining room which has an array of units, plumbing for white goods, ample space for a generous dining table, a door out to the front area and another door leading into the rear garden.
The sitting room benefits from a dual aspect with an exposed open fireplace and stone mantle.
To the first floor is a landing with a view over the garden and an airing cupboard housing the boiler, which has been recently serviced. The master bedroom is a generous size .
A further double bedroom with built in wardrobes, and a good size single overlooks the gardens. The shower room comprises shower and wash hand basin.with a separate WC.
OUTSIDE To the front of the house is a pretty garden that could (subject to planning) make off street parking as neighbouring properties have done , the rear garden is of a good size with views, measuring in excess of 80 ft.
All offered without the complications of an ongoing chain. LOCATION The picturesque City of Wells is located in the Mendip district of Somerset.
Wells itself 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 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.
TENURE Freehold HEATING Gas central heating SERVICES Mains drainage, water, gas and electricity are all connected LOCAL AUTHORITY Mendip District Council. COUNCIL TAX Band B EPC RATING.
Ask the Agents VIEWING Strictly by appointment with Blue Oak Esate Agents. Tel:
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
Agent & docs
FAQ
About Balch Road, Wells, Somerset, BA5
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