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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Spring Rise, Wells is a mid-century freehold house with 775 ft2 of internal area and sits on a 184 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Spring Rise, Wells is £286,385 and the estimated rental value is £1,249 per month.
Spring Rise, Wells, BA5 is located within the BA5 postal district.
2, Spring Rise, Wells has 2 entries in the Land Registry , most recently in August 2022 and a single entry in the EPC database dated August 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Spring Rise, Wells is in very good condition we estimate a sale value of £300,704 and a rental value of £1,312 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £266,338 and a rental value of £1,162 per month.
Over the last 12 months the sale value of 2 Spring Rise Wells has decreased by an estimated £4,228 (1.5%) and its rental value has increased by an estimated £44 per month (3.5%), giving an expected gross yield of 5.2%.
According to data from HM Land Registry, 2, Spring Rise, Wells sits on a plot of 184m2.
We have plot size data on 19 out of 19 other houses in the postcode and 2, Spring Rise, Wells sits on the 17th largest plot.
2, Spring Rise, Wells has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Aug 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Spring Rise, Wells was last sold on 22nd August 2022 for £260,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since August 2022, the market for similar properties has risen 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Spring Rise, Wells within a radius of 610 metres over the last 2 years.
The most recent example is 6, Spring Rise, Wells, BA5 1UE, a freehold house which sold for £265,000 on the 16th May 2024.
Read more about house prices in BA5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Rise, Wells, BA5 has a total of 19 addresses. According to our analysis of all the public data, 2, Spring Rise, Wells is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in BA5.
The closest station to 2, Spring Rise, Wells is Castle Cary station which is 15.1 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Spring Rise, Wells, 37.7% of property is privately owned outright and 26.2% is privately rented.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Spring Rise, Wells, 13.9% of residents are recorded as possessing school level qualifications and 27.8% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Spring Rise, Wells, the average age was 48.2 and the most common age was 72.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Spring Rise, Wells, 0.0% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Spring Rise, Wells, there are an average of 1.3 cars per household.
See below for how this compares to South West and the rest of England & Wales.
