Melbury, Portway, Wells
HO

Melbury, Portway, Wells

By holland & odam

£ 625,000

Reviews

2 out of 5 stars

holland & odam says ..

Coming to the market for the first time since it was built in 1968 is this detached home in central Wells. Having three bedrooms, front and rear gardens, garage and carport and just a short walk from local amenities. The property would benefit from some updating to release its full potential but ...

Property Oracle says ..

The property is located in Wells, Somerset, a desirable area in the South West of England. The proximity to schools such as The Blue School (rated ‘Good’ by Ofsted) is a positive factor for families. While the average house price in the area is £355,683, this property is listed at £625,000. The property has a plot size of 1,620 sqft, which is relatively modest. The house itself is 1,499 sqft.

Based on the images provided, the property appears to be in need of modernisation. The décor and fixtures are dated, suggesting that significant renovations may be required to bring it up to a modern standard. The garden is of reasonable size and appears well-established, although some areas may require attention.

Considering the list price of £625,000, the average price per sqft in the area is £239. Given the property’s condition and the need for potential renovations, the list price might be considered on the higher end of the market value. However, the location and the presence of a garden contribute positively to its overall appeal. More information on comparable properties in the immediate vicinity would be beneficial for a more precise price evaluation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
5
Condition
4
Location
8
Land
6
Bedrooms
3
Bathrooms
1
Sqft (est)
1,499.00
Lot (est)
1,620.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
270,000.00 £
Decreased by 33.31 %
from 404,881.00 £
Est sale value
565,123.00 £
Increased by 16.36 %
from 485,676.00 £
Average area rental value
1,250.00 £/mo
Increased by 32.42 %
from 944.00 £/mo
Est letting value
1,499.00 £/mo
from 0.00 £/mo
Est rental Yield
5.56 %
Increased by 98.57 %
from 2.80 %
Crime Rate
14.00 %
Unchanged by 0.00 %
from 14.00 %

Agent Activity

  • holland & odam created the listing.

Nearby Schools

NameTypeOfstedDistance
The Blue SchoolAcademy ConverterGood0.38 KM
St Cuthbert'S Cofe Junior SchoolVoluntary Controlled SchoolRequires improvement0.68 KM
St Cuthbert'S Church Of England Academy Infants And Pre-SchoolAcademy ConverterGood0.76 KM
Wells BuildingChildren's Centre Linked Site0.79 KM
Wells Cathedral SchoolOther Independent School1.28 KM

Images

Sitting room Front elevation and garden Kitchen Dining room Bedroom one Bedroom two Family bathroom Front garden Garage and carport Front elevation Rear elavation 8D80E3B7-0D5B-484B-B1AF-259D4C4941B8_1_201_a.jpeg Sitting room Bedroom two Family bathroom Downstairs cloakroom Landing Dining room Bedroom one Front elevation Greenhouse Rear garden

Nearby Streets

NameAverage PriceAverage SqftDistance
Wookey Hole Road £ 580,00000.00 KM
Melrose Court £ 000.00 KM
Westfield Road £ 000.00 KM
Valley Close £ 000.00 KM
Glastonbury Road £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Melbury, Portway, Wells £ 625,000BUY5 / 100.00 KM
Portway, Wells £ 1,150,000BUY7 / 100.02 KM
67 Portway, Wells, Somerset BA5 2BQ £ 150,000BUY6 / 100.09 KM
Portway, Wells £ 150,000BUY5 / 100.09 KM
Central Wells £ 525,000BUY6 / 100.11 KM

Nearby Properties

AddressPriceDistance
Timsbury £ 370,0000.02 KM
49 Portway £ 460,0000.02 KM
43 Portway £ 398,0000.02 KM
Sirron £ 402,0000.02 KM
Stone Corner £ 82,5000.05 KM