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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, Flat 2, 15, New Street, Wells is a period leasehold apartment with 1,313 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 15, New Street, Wells is £385,365 and the estimated rental value is £1,374 per month.
The apartment is within 15, New Street, Wells, BA5.
New Street, Wells, BA5 is located within the BA5 postal district.
Flat 2, 15, New Street, Wells has 21 entries in the Land Registry , most recently in June 2007 and a single entry in the EPC database dated March 2018.
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 Flat 2, 15, New Street, Wells is in very good condition we estimate a sale value of £404,634 and a rental value of £1,443 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £358,390 and a rental value of £1,278 per month.
Over the last 12 months the sale value of Flat 2 15 New Street Wells has decreased by an estimated £8,721 (2.3%) and its rental value has increased by an estimated £37 per month (2.7%), giving an expected gross yield of 4.3%.
Flat 2, 15, New Street, Wells has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Mar 2018.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, 15, New Street, Wells was last sold on 29th June 2007 for £290,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since June 2007, the market for similar properties has dropped 6.2%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 2, 15, New Street, Wells within a radius of 740 metres over the last 2 years.
The most recent example is Flat 3, 8, Chamberlain Street, Wells, BA5 2PF, a leasehold flat which sold for £330,000 on the 11th September 2015.
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, Flat 2, 15, New Street, Wells is the 21st largest and the 25th most expensive property on the street.
When compared to the postcode district it is £26k more expensive than the average property in BA5.
The closest station to Flat 2, 15, New Street, Wells is Castle Cary station which is 15.2 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 Flat 2, 15, 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 Flat 2, 15, 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 Flat 2, 15, 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 Flat 2, 15, 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 Flat 2, 15, 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.
