1, New Close
1, New Close
Description & Estimates
Public records show 1, New Close, Wells to be an early-century freehold house with 1,593 ft2 of internal area, sitting on a 732 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
1, New Close, Wells has an estimated sale value of £553,152 and an estimated rental value of £1,417 per month, assuming reasonable condition and based on the information available.
New Close, West Horrington, Wells, BA5 lies within the BA5 postal district.
Our Data Sources
1, New Close, Wells has a single entry in the Land Registry from June 2024 and a single entry in the EPC database dated March 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 1, New Close, Wells would be worth £580,810, with a potential rental value of £1,488 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £514,431, with a rental value of £1,318 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1, New Close, Wells has decreased by £15,228 (2.8%) over the last year. During the same period, its estimated monthly rental value has grown by £21 (1.5%). The property's estimated gross yield is currently 3.1%.
Plot Size
1, New Close, Wells occupies a 732 m2 plot as recorded by HM Land Registry.
Of the 10 other houses in this postcode, 8 have recorded plot sizes, and this one ranks as the largest.
Energy Efficiency
1, New Close, Wells has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 07 Mar 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, LPG.
Sold Prices
1, New Close, Wells last changed hands on 18th June 2024, selling for £553,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 20.1% since June 2024.
- Sold Jun 2024£553,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.4 kilometres of 1, New Close, Wells across the last 2 years.
Most recently, Little Bush Close, Wells, BA5 3ED, a leasehold house, sold at £850,000 on the 13th October 2022.
Read more about house prices in BA5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1, New Close, Wells as the largest and the most expensive of the 10 addresses on New Close, West Horrington, Wells, BA5.
Against the BA5 postcode district average, it is £192k more expensive than the typical property.
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Schools Nearby
- 600mHorrington Primary School
- 2.2kmStoberry Park School
- 2.9kmSt Joseph and St Teresa Catholic Primary School
- 3.1kmThe Blue School
- 6.6kmWhitstone
- 10.8kmSt Dunstan's School
More reading links
Public Transport Nearby
Castle Cary station is the nearest stop to 1, New Close, Wells at 15.5 kilometres away.
- 15.5kmCastle Cary
- 17.3kmBruton
- 21.3kmFrome
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
