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See how verdicts work2-bedroom flat · BA5 2XY
Listing removedListed 283 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom, ground floor, purpose-built flat, located in a quiet and established residential area on the eastern side of Wells close to Tor Woods.
The property offers well-proportioned accommodation, direct access onto communal gardens, a single garage and would now benefit from modernisation throughout.
An excellent opportunity for buyers seeking a manageable project within easy reach of the city centre. No onward chain. EPC rating C.
This two bedroom, ground floor flat is situated in a peaceful and well-regarded area, conveniently positioned close to the popular Tor Woods footpath, providing a pleasant and traffic-free route into the city centre.
The accommodation is arranged around a central hall, giving access to all rooms and creating a practical and easy-to-navigate layout.
The sitting room is a particularly generous space, enjoying good natural light and featuring a single door opening directly onto the communal gardens, offering a pleasant outlook and straightforward access outside.
The kitchen is fitted with a range of units and work surfaces and includes a dining area, with space for a table and chairs.
While functional, the kitchen and dining area would benefit from updating, offering buyers the opportunity to reconfigure or modernise to suit their own tastes.
There are two bedrooms, both of comfortable proportions. Both bedrooms benefit from built-in double wardrobes. The bathroom is fitted with a three-piece suite comprising bath, wash hand basin and WC.
The property is now in need of modernisation throughout, presenting an excellent opportunity for purchasers to refurbish and improve.
Its ground floor position and level access are likely to appeal to a range of buyers, including first time purchasers, investors seeking a buy-to-let opportunity, and those looking for easy single-level living.
Outside The sitting room opens directly onto well-maintained communal gardens. A single garage is included with the property and is located within a nearby block, offering useful parking or storage.
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.
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FAQ
About 2, St. Thomas's Court, Somerset
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