Cooper & Tanner says ..

Property Oracle says ..

This one-bedroom retirement apartment located on West Street, Wells, BA5 2ZL, is marketed by Cooper & Tanner. The apartment is situated within St Athelm Lodge, a recently built retirement development. From the photos, it appears to be in excellent condition. It features a modern fitted kitchen and bathroom. The apartment seems to benefit from communal gardens and may include added security and amenities common in such developments (as noted in similar listed properties). The location in central Wells makes it convenient to access local amenities, while proximity to several schools adds appeal. While the listed square footage is 498 square feet, the lack of private land, which is quite common for retirement apartments, is a factor to consider. A key advantage is that this retirement community might offer the benefits of additional security and communal amenities, creating a sense of community. However, the lack of detailed information on specific features, amenities, and the precise size of the communal garden means that a buyer would need to fully investigate these aspects before committing to purchase. The property’s value is partly contingent on the services and amenities offered within St Athelm Lodge. The price of £255,000 seems reasonable based on comparable local properties, particularly considering the current state of the UK property market for this category. Potential buyers should evaluate the desirability of a retirement apartment versus other types of residential properties in Wells before making a purchase decision.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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