Flat 8, Old School Place
Flat 8, Old School Place
Description & Estimates
According to the public record, Flat 8, Old School Place, Wells is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 8, Old School Place, Wells is £88,256 and the estimated rental value is £501 per month.
The apartment is within Old School Place, North Grove, Wells, BA5.
North Grove, Wells, BA5 is located within the BA5 postal district.
Our Data Sources
Flat 8, Old School Place, Wells has 31 entries in the Land Registry , most recently in December 2023 and a single entry in the EPC database dated December 2020.
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
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 8, Old School Place, Wells is in very good condition we estimate a sale value of £92,669 and a rental value of £526 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £82,078 and a rental value of £466 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 8, Old School Place, Wells has moved down by £1,254 (1.4%), while its estimated rental value has increased by £17 per month (3.5%). Based on current estimates, the property offers a gross rental yield of 6.8%.
Energy Efficiency
Flat 8, Old School Place, Wells has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Dec 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
According to HM Land Registry, Flat 8, Old School Place, Wells was last sold on 15th December 2023 for £88,200 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since December 2023, the market for similar properties has dropped by 5.9%.
- Sold Dec 2023£88,200
- Sold Nov 2003£90,000
- Sold Mar 2001£33,600
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Old School Place, Wells within a radius of 880 metres over the last 2 years.
The most recent example is Flat 6, Old School Place, North Grove, Wells, BA5 2TD, a leasehold flat which sold for £88,200 on the 9th April 2024.
Read more about house prices in BA5.
- Sold Apr 2024£88,200 | 2 Bed FlatOld School Place, North GroveFlat 6, 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 Jun 2017£70,000 | 2 Bed FlatOld School Place, North GroveFlat 3, 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
North Grove, Wells, BA5 has a total of 25 addresses. According to our analysis of all the public data, Flat 8, Old School Place, Wells is the 11th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £273k less expensive than the average property in BA5.
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
The closest station to Flat 8, Old School Place, Wells is Castle Cary station, which is 15.0 kilometres away.
- 15.0kmCastle Cary
- 17.5kmBruton
- 22.9kmFrome
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
