Guide price
£122,500
2 bed flat for saleFrederick Court, Wells, Somerset BA5
2 beds
1 bath
1 reception
EPC Rating: D
About this property
Two double bedroom
Ground floor flat
Central Wells location
Ideal for a first time buyer or as a buy-to-let investment (7.8% yield)
Spacious kitchen and sitting room
Bathroom and a separate WC
Use of communal gardens
Close to local shops
In need of some modernisation
No onward chain
A spacious two bedroom ground floor flat situated only half a mile from Wells city centre and the wide range of local amenities on offer.
An ideal first time or investment purchase, the property offers well-balanced accommodation comprising a large hallway, two double bedrooms, a generous sitting room, a fitted kitchen and a bathroom with a separate WC.
Enjoying plenty of natural light, this accessible flat provides scope for further modernisation. Outside, a purchaser will have full use of the communal gardens to the rear of the building. On-street parking is available close-by.
We would anticipate the property achieving a rental income in the region of £800 per calendar month, with an excellent annual yield of 7.80%.
The City of Wells is renowned for its beautiful architecture, including the Cathedral and the Bishop’s Palace. England’s smallest city, Wells contains many clubs and societies for those wishing to get involved in the thriving local community. There are excellent shopping facilities, a bustling High Street with both independent and well-known retailers, as well as various major supermarkets, including Waitrose.
Wells also benefits from a busy, twice-weekly produce market in the Market Square. Bristol and Bath are readily accessible, as is Castle Cary to the south, which has the nearest mainline train station to London Paddington.
There is excellent schooling locally, both state and independent. The property is conveniently located within easy travelling distance of a number of local primary schools, as well as Wells Blue School (secondary).
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£612 per month
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More information
Tenure
Leasehold (91 years)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review



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