8 Old Mill Way, Wells, BA5 2JU is a freehold detached property built between 1996-2002. The property offers approximately 721 square feet of living space and is situated on the 1st floor. In this location, properties of similar size usually have two bedrooms.

The estimated current market value of the property is £296,924 , which equates to approximately £412 per square foot. It was last sold on 30 Aug 2002 for £126,950. Since then, the value has increased by £169,974, representing a 133.9% increase, or approximately 5.7% per year.

The current estimated value of £296,924 is:

  • 45.7% lower than the average property price on Old Mill Way
  • 42.9% lower than the average in the BA5 2JU postcode area
  • and 19.2% lower than the average price for Wells as a whole

At the most recent EPC inspection on 18 May 2021, the property was recorded as rented.

View sold house prices in BA5 2JU

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
721 sq ft
Tenure
Freehold
Floor level
1st floor
Price (estimate)
£296,924
Price Per sq ft (estimate)
£412
Bedroom Count (estimate)
2 bedrooms

EPC Summary

8 Old Mill Way, Wells, Mendip, Somerset, BA5 2JU has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 18 May 2021.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 7 Mar 2011. The rating of C remains the same, but the energy efficiency score improved by 2.9%.

Since the previous assessment, several changes were observed:

  • The lighting was updated from low energy lighting in 33% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 250 mm loft insulation
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to BA5 2JU

20 th / 20
Price Rank
43% lower than average
15 th / 15
Size Rank
47% smaller than average
3 rd / 15
Price Per Sq FT Rank
8% higher than average

Compared to other properties in BA5 2JU , this flat's estimated value ranks 20th out of 20. Based on price per square foot, it ranks 3rd out of 15 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 15th out of 15 properties in its postcode area.

Sale History

Today
£296,924
streetscan.co.uk estimate
+134 %
30 Aug 2002
£126,950
Leasehold
+15.4 %
22 Dec 2000
£110,000
Leasehold

Area Insights

Nearby Properties

rooms: 8
size: 1356 sq ft
sale price: £400,000
sale date: 21 Jan 2022
rooms: 7
size: 1259 sq ft
sale price: £280,000
sale date: 9 Sep 2013
rooms: 6
size: 1163 sq ft
sale price: £149,000
sale date: 9 Jun 2000
rooms: 8
size: 1356 sq ft
sale price: £320,000
sale date: 3 May 2013
rooms: 6
size: 1270 sq ft
sale price: £310,000
sale date: 10 Feb 2020

Data Sources

The property at 8 Old Mill Way, Wells, BA5 2JU appears two times in the Land Registry records, with the latest transaction recorded on 30 Aug 2002. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 18 May 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.