Flat 3, Old School Place
Flat 3, Old School Place
Description & Estimates
Public records show Flat 3, Old School Place, Wells to be a modern leasehold apartment with 570 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 3, Old School Place, Wells has an estimated sale value of £89,869 and an estimated rental value of £516 per month, assuming reasonable condition and based on the information available.
The apartment sits within Old School Place, North Grove, Wells, BA5.
North Grove, Wells, BA5 lies within the BA5 postal district.
Our Data Sources
Flat 3, Old School Place, Wells has 21 entries in the Land Registry , most recently in June 2017 and a single entry in the EPC database dated April 2016.
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
In very good condition, we estimate Flat 3, Old School Place, Wells would be worth £94,362, with a potential rental value of £542 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £83,578, with a rental value of £480 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 Flat 3, Old School Place, Wells has moved down by £1,277 (1.4%) over the last year. During the same period, its estimated monthly rental value has increased by £18 (3.5%). The property's estimated gross yield is currently 6.9%.
Energy Efficiency
Flat 3, Old School Place, Wells has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Apr 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
Flat 3, Old School Place, Wells last changed hands on 19th June 2017, selling for £70,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 12.0% since June 2017.
- Sold Jun 2017£70,000
- Sold Mar 2001£35,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 880 metres of Flat 3, Old School Place, Wells across the last 2 years.
Most recently, Flat 8, Old School Place, North Grove, Wells, BA5 2TD, a leasehold flat, sold at £88,200 on the 15th December 2023.
Read more about house prices in BA5.
- Sold Dec 2023£88,200 | 2 Bed FlatOld School Place, North GroveFlat 8, Old School Place, North Grove, Wells, BA5 2TD
- Sold Sep 2019£80,500 | 2 Bed FlatOld School Place, North GroveFlat 9, Old School Place, North Grove, Wells, BA5 2TD
- Sold Oct 2016£80,500 | 2 Bed FlatOld School Place, North GroveFlat 10, Old School Place, North Grove, Wells, BA5 2TD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 3, Old School Place, Wells as the 18th largest and the 16th most expensive of the 25 addresses on North Grove, Wells, BA5.
Against the BA5 postcode district average, it is £272k less expensive than the typical property.
More reading links
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
Castle Cary station is the nearest stop to Flat 3, Old School Place, Wells at 15.0 kilometres away.
- 15.0kmCastle Cary
- 17.5kmBruton
- 22.9kmFrome
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
