Guide price
£150,000
(£225/sq. ft)
2 bed terraced house for saleAsh Close, Wells BA5
2 beds
668 sq. ft
EPC Rating: C
- Auction
- Freehold
Maggs & Allen
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About this property
19 March live online auction
Modern 2-bedroom house in popular development
2 allocated parking spaces
Sought-after location in Wells
Currently let at £720 pcm with scope to increase
Excellent access to local amenities
An attractive opportunity for investors and landlords
8-week completion
A well-presented two-bedroom terraced home, set within a sought-after modern development in the historic city of Wells in Somerset. The accommodation includes a fitted kitchen, a light-filled living room, a ground floor WC, two double bedrooms, and a family bathroom, together with garden space to the front and rear. There are also two allocated parking spaces.
The city of Wells provides a wide range of local amenities, including supermarkets, regular markets, leisure facilities, schools, and a variety of pubs and restaurants. The city centre is easily reached on foot, while Castle Cary station offers direct rail services to London, with Bristol and Bath both within straightforward commuting distance.
Currently let, the property offers an attractive opportunity for landlords looking for a low-maintenance rental.
For Sale By Auction
This property is due to feature in our online auction on 19 March 2026 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
Viewings
By appointment.
Summary
Modern 2-bedroom house - ideal buy to let investment
Description
A well presented two-bedroom mid-terraced house, situated in a sought-after modern development in Wells, Somerset. The accommodation is arranged over two floors, with the ground floor comprising a kitchen/dining room, a separate living room, WC, and useful under-stairs storage. The first floor provides two double bedrooms along with a family bathroom. Outside, the property benefits from front and rear gardens. There are also two allocated parking spaces.
Currently tenanted, the property offers an immediate income-generating investment opportunity. The combination of a strong local rental market and the low upkeep associated with a modern build makes this an appealing and reliable addition to a residential portfolio.
Location
The picturesque City of Wells offers a range of local amenities and shopping facilities with four supermarkets (including Waitrose), as well as twice weekly markets, cinema, leisure centre, a choice of pubs and restaurants, dentists and doctors, several churches and both primary and secondary state schools.
For those travelling by train, Castle Cary station (which has direct services to London Paddington) is situated only twelve miles away. Both the City of Bristol and the Georgian City of Bath, a World Heritage Site, are located just 20 miles away and easily accessible10 minute stroll to the Market Place and Cathedral Green.
Accommodation
Please refer to floorplan for approximate room measurements and internal layout.
Parking
The property benefits from 2 allocated parking spaces.
Tenancy
The property is being sold subject to the existing tenancy agreement, which we understand is an Assured Tenancy with a rental income of £720 pcm. Please refer to the Auction Legal Pack for further information. The tenancy was signed on 2/3/2023 and no rent increases have been actioned therefore the rental income is currently below market value.
Similar properties within the development are typically let in the region of £1,000 pcm - £1,100 pcm.
Completion
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
Energy Performance Certificate (Epc)
Rating: C
Tenure
Understood to be Freehold. Please refer to the legal pack for confirmation.
Image Disclaimer
Some images have been edited with ai to protect tenants’ personal belongings
Letting - What Can Maggs & Allen Achieve For You?
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on or email .
Auction Or Bridging Finance Required?
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on or email
Buyer's Premium
Please be advised that all purchasers are subject to a £1,800 plus VAT (£2,160 inc VAT) buyer’s premium payable upon exchange of contracts.
*Guide Price
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Reserve Price
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Proxy, Telephone & Online Remote Bidding
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, id (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
Preliminary Deposits
The Preliminary Deposit required for each lot you wish to bid for is £5,000.
If your bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 plus VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.
Rental Estimates
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
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