Flat 1, Old School Place
Flat 1, Old School Place
Description & Estimates
Flat 1, Old School Place, Wells is recorded publicly as a modern leasehold apartment across 641 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 1, Old School Place, Wells is £92,762 and its rental estimate is £520 per month, given the available information and assuming reasonable condition.
Old School Place, North Grove is a residential building on North Grove, Wells, BA5 and falls within the BA5 postal district.
Our Data Sources
Flat 1, Old School Place, Wells has a single entry in the Land Registry from February 2011 and a single entry in the EPC database dated May 2010.
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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 1, Old School Place, Wells, we estimate a market value of £97,400 and a rental value of £546 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £86,269 and £483 per month respectively.
Recent Market Change
Over the last year, Flat 1, Old School Place, Wells has seen its estimated sale value drop by £1,318 (1.4%) and its estimated rental value rise by £18 per month (3.5%). This results in an estimated gross rental yield of 6.7%.
Energy Efficiency
Flat 1, Old School Place, Wells has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 May 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of Flat 1, Old School Place, Wells completed on 10th February 2011 at £80,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 30.3% over the period since February 2011.
- Sold Feb 2011£80,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 1, Old School Place, Wells have sold within a radius of 880 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th April 2024, was Flat 6, Old School Place, North Grove, Wells, BA5 2TD, a leasehold flat which sold for £88,200.
Read more about house prices in BA5.
- Sold Apr 2024£88,200 | 2 Bed FlatFlat 6, Old School Place, North Grove, Wells, BA5 2TDFlat 6, Old School Place, North Grove, Wells, BA5 2TD
- Sold Dec 2023£88,200 | 2 Bed FlatFlat 8, Old School Place, North Grove, Wells, BA5 2TDFlat 8, Old School Place, North Grove, Wells, BA5 2TD
- Sold Sep 2019£80,500 | 2 Bed FlatFlat 9, Old School Place, North Grove, Wells, BA5 2TDFlat 9, Old School Place, North Grove, Wells, BA5 2TD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 25 addresses on North Grove, Wells, BA5, Flat 1, Old School Place, Wells comes out as the 10th largest and the 11th most expensive in our analysis of the public data.
It is also £269k less expensive than the average property across the BA5 district.
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Schools Nearby
- 300mStoberry Park School
- 800mSt Joseph and St Teresa Catholic Primary School
- 1.7kmSt Cuthbert's Church of England Junior School
- 1.1kmThe Blue School
- 7.3kmWhitstone
- 8.7kmSt Dunstan's School
More reading links
Public Transport Nearby
From Flat 1, Old School Place, Wells, the nearest station is Castle Cary, 15.0 kilometres away.
- 15.0kmCastle Cary
- 17.5kmBruton
- 22.9kmFrome
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
