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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, 3, New Street, Wells is a period freehold house with 2,551 ft2 of internal area and sits on a 909 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, New Street, Wells is £1,169,550 and the estimated rental value is £2,412 per month.
New Street, Wells, BA5 is located within the BA5 postal district.
3, New Street, Wells has a single entry in the Land Registry from March 2014 and a single entry in the EPC database dated January 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 3, New Street, Wells is in very good condition we estimate a sale value of £1,228,028 and a rental value of £2,532 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,087,682 and a rental value of £2,243 per month.
Over the last 12 months the sale value of 3 New Street Wells has decreased by an estimated £46,922 (4.0%) and its rental value has increased by an estimated £19 per month (0.8%), giving an expected gross yield of 2.5%.
According to data from HM Land Registry, 3, New Street, Wells sits on a plot of 909m2.
3, New Street, Wells has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jan 2013.
The property is not connected to mains gas and has partial secondary glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 3, New Street, Wells was last sold on 12th March 2014 for £780,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2014, the market for similar properties has risen 20.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, New Street, Wells within a radius of 700 metres over the last 2 years.
The most recent example is 2, Cathedral Green, Wells, BA5 2UB, a freehold house which sold for £805,000 on the 18th August 2022.
Read more about house prices in BA5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Street, Wells, BA5 has a total of 48 addresses. According to our analysis of all the public data, 3, New Street, Wells is the 5th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £810k more expensive than the average property in BA5.
The closest station to 3, New Street, Wells is Castle Cary station which is 15.1 kilometres away.
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 3, New Street, Wells, 43.1% of property is privately rented and 38.2% is privately owned outright.
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 3, New Street, Wells, 46.2% of residents are recorded as possessing school level qualifications and 39.9% 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 3, New Street, Wells, the average age was 46.1 and the most common age was 57.
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 3, New Street, Wells, 3.5% 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 3, New Street, Wells, there are an average of 1.4 cars per household.
See below for how this compares to South West and the rest of England & Wales.
