1-bedroom flat · BA5 1DJ
Listing removedListed 84 days · slow let
Opportunity summary
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About
Alfred Court, Gate Lane Property Details Tucked away on a quiet lane, number 12 forms part of a small, purpose-built development of apartments within easy walking distance of Wells city centre.
This bright and well-presented first floor apartment offers generous living accommodation, enhanced by a versatile galleried mezzanine level.
The entrance hall leads to all principal rooms, with stairs rising to the mezzanine above.
The living room is a particularly attractive space, enjoying double height ceilings to one end and a large window overlooking Wells Athletic Ground – the perfect spot for a dining table or reading corner.
The mezzanine creates a striking feature above, while offering useful additional space.
The kitchen is neatly arranged in one corner of the living room, fitted with light wood effect units and integrated appliances including fridge with freezer compartment, electric oven, gas hob and washing machine.
The wall-mounted combination boiler is also housed here.
The bathroom is well appointed with WC, vanity basin and bath with overhead shower, complemented by travertine-style honey coloured tiling throughout.
From the entrance hall, stairs lead to the galleried mezzanine level which is flooded with natural light from Velux windows.
This adaptable room is currently used as the main bedroom but could equally serve as a hobby space or study. Outside The property is approached via an external staircase leading to a shared balcony.
An allocated parking space is included with the property.
Location: Alfred Court is located on the West side of the picturesque city of Wells and it is a relatively flat walk to the centre of Wells, with its bustling High Street and twice weekly produce market in Wells Market Place.
Wells provides a range of local amenities with four supermarkets), a cinema, leisure centre, numerous coffee shops, pubs and restaurants to choose from, several dentists and doctors, some fabulous independent shops and even some art shops for those seeking something a little different.
There are also famous historical landmarks such as the Cathedral and Bishop Palace There are excellent state schools in the vicinity, including Stoberry Park School, St Cuthbert's CofE Junior School, St Joseph and St Teresa Catholic Primary School and The Blue School as well as independent schools including All Hallows Prep School, Downside, Millfield and Wells Cathedral School.
The cities of Bath and Bristol are with easy reach and Bristol International Airport is 20 miles. There are main line rail links to London and the South West at Castle Cary, Bristol and Bath.
Directions: = BA5 1DJ / What3Words = shifters.startles.shun Council Tax: Band B (correct at time of marketing).
To check council tax for this property, please refer to Local Authority: Somerset Council Tenure: Leasehold Rent: £950pcm Security Deposit £1038 Holding Deposit: £207 Services Gas central heating, mains water, drainage and electricity Fixtures: This property is unfurnished but includes an integrated washing machine and fridge with freezer compartment.
Availability: This property is available from 4 September 2026 Additional Property Notes: Built of traditional construction and is a first floor apartment. There is allocated parking for one car.
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Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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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About 12 Alfred Court, Gate Lane, Wells
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