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£625,000

Wookey Hole, Wells, BA5

  • 8 beds
House

£625,000

  • 8 beds
House
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Estimate monthly mortgage payment:

£2,853 per month

Minimum deposit amount:

£31,250
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DESCRIPTION

An exciting opportunity to acquire four apartments, currently tenanted within the picturesque village of Wookey Hole, Nr Wells. The properties are currently let on assured shorthold tenancies with a gross income of £31,380 per annum but have in the past been used as successful holiday lets. The four properties have been kept in good order throughout, both by the management and tenants alike. 

The original cottage was extended by the current owners who created the 4 properties which are all on the same title deed but let individually. It comprises 2 x 2 bedroom apartments on the ground floor and 2 x 2 bedroom duplex apartments covering the first and second floors. 

Flat 1 comprises an open plan kitchen/dining/sitting room with a bay window to the front, two double bedrooms leading out to a private courtyard garden and a shower room. 

Flat 2 comprises a large sitting/dining room with a bay window to the front and stone fireplace, a separate kitchen, large inner hall with storage, a shower room along with two bedrooms, a double bedroom with wardrobe and a single bedroom. 

Flat 3 comprises a spacious sitting/dining room with views to the front, a separate kitchen, shower room and stairs leading to two bedrooms, a single and a double bedroom. 

Flat 4 comprises a spacious sitting/dining room with views to the front, a separate kitchen, shower room and stairs leading to two bedrooms, a single and a double bedroom. 

OUTSIDE

At the front of the building is a parking area which can accommodate parking for 4 cars. 

LOCATION

The village of Wookey Hole is situated approximately two miles from the Cathedral City of Wells. It boasts an excellent public house and the famous Wookey Hole Caves. Numerous walks through the beautiful Somerset countryside can be accessed from the village

The picturesque City of Wells offers a range of local amenities and shopping facilities with four supermarkets (including Waitrose), cinema, leisure centre, a choice of pubs and restaurants, dentists and doctors, two churches and both primary and secondary state schools. There are also many highly-regarded independent schools (Prep & Senior) within easy reach, such as All Hallows Prep School, Downside School, Wells Cathedral School and Millfield School.

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 accessible

TENURE

Freehold

HEATING

Gas central heating

SERVICES

Mains drainage, water, gas and electricity are all connected.

LOCAL AUTHORITY

Somerset Council

COUNCIL TAX

Flat 1 - Band 'A'

Flat 2 - Band 'A'

Flat 3 - Band 'A'

Flat 4 - Band 'A'

EPC RATING

Flat 1 - Rating 'C'

Flat 2 - Rating 'C'

Flat 3 - Rating 'C'

Flat 4 - Rating 'C'

VIEWING

Strictly by appointment with Cooper and Tanner. Tel: 01749 676524

DIRECTIONS

From Wells city centre follow signs to Wookey Hole. Upon entering the village continue down the hill and round to the left, continue for a further 150m and you will see 'The Wookey Hole Inn' on the right.  The property is directly opposite.



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Stamp Duty tax
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£10,000
Mortgage and legal costs:
£999
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Property details

£625,000

8 bed house for sale

Wookey Hole, Wells, BA5

DESCRIPTION

An exciting opportunity to acquire four apartments, currently tenanted within the picturesque village of Wookey Hole, Nr Wells. The properties are currently let on assured shorthold tenancies with a gross income of £31,380 per annum but have in the past been used as successful holiday lets. The four properties have been kept in good order throughout, both by the management and tenants alike. 

The original cottage was extended by the current owners who created the 4 properties which are all on the same title deed but let individually. It comprises 2 x 2 bedroom apartments on the ground floor and 2 x 2 bedroom duplex apartments covering the first and second floors. 

Flat 1 comprises an open plan kitchen/dining/sitting room with a bay window to the front, two double bedrooms leading out to a private courtyard garden and a shower room. 

Flat 2 comprises a large sitting/dining room with a bay window to the front and stone fireplace, a separate kitchen, large inner hall with storage, a shower room along with two bedrooms, a double bedroom with wardrobe and a single bedroom. 

Flat 3 comprises a spacious sitting/dining room with views to the front, a separate kitchen, shower room and stairs leading to two bedrooms, a single and a double bedroom. 

Flat 4 comprises a spacious sitting/dining room with views to the front, a separate kitchen, shower room and stairs leading to two bedrooms, a single and a double bedroom. 

OUTSIDE

At the front of the building is a parking area which can accommodate parking for 4 cars. 

LOCATION

The village of Wookey Hole is situated approximately two miles from the Cathedral City of Wells. It boasts an excellent public house and the famous Wookey Hole Caves. Numerous walks through the beautiful Somerset countryside can be accessed from the village

The picturesque City of Wells offers a range of local amenities and shopping facilities with four supermarkets (including Waitrose), cinema, leisure centre, a choice of pubs and restaurants, dentists and doctors, two churches and both primary and secondary state schools. There are also many highly-regarded independent schools (Prep & Senior) within easy reach, such as All Hallows Prep School, Downside School, Wells Cathedral School and Millfield School.

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 accessible

TENURE

Freehold

HEATING

Gas central heating

SERVICES

Mains drainage, water, gas and electricity are all connected.

LOCAL AUTHORITY

Somerset Council

COUNCIL TAX

Flat 1 - Band 'A'

Flat 2 - Band 'A'

Flat 3 - Band 'A'

Flat 4 - Band 'A'

EPC RATING

Flat 1 - Rating 'C'

Flat 2 - Rating 'C'

Flat 3 - Rating 'C'

Flat 4 - Rating 'C'

VIEWING

Strictly by appointment with Cooper and Tanner. Tel: 01749 676524

DIRECTIONS

From Wells city centre follow signs to Wookey Hole. Upon entering the village continue down the hill and round to the left, continue for a further 150m and you will see 'The Wookey Hole Inn' on the right.  The property is directly opposite.