2 Lake Close

    2, LAKE CLOSE, WELLS, BA5 1FW

    This detached freehold property on Lake Close last sold in October 2020 for £405,000. Based on price growth in the BA5 district since then, its estimated current value is £517,111 — placing it in the 80th percentile nationally and the 75th percentile within BA5. The property covers 125 m² (1,346 sq ft), giving an estimated value of £4,137 per m². The EPC rating is B, with a potential rating of A.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,346 sq ft

    125 m²

    Last Sale Price

    £405,000

    Oct 2020

    Estimated Valuation

    £517,111

    Est. £/sq ft

    £384/sq ft

    £4,137/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction age2019
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area1,346 sq ft (125 m²)
    EPC dateSept 2019
    WallsAverage thermal transmittance 0.24 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Oct 2020

    New build

    £405,000

    Key Metrics

    Estimated valuation£517,111
    Value per sq ft / m²£384/sq ft (£4,137/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    BA5 district percentile75th percentile
    National percentile80th percentile

    District Context — BA5

    BA5 covers the southern villages and rural areas around Ilminster and Crewkerne in south Somerset, near the Devon border. It is a quieter, countryside-focused district with strong appeal to those seeking semi-rural living and established community roots.

    Average Property Price - BA5

    £388,680

    65

    National percentile

    Average Net Household Income - BA5

    £39,639

    56

    National percentile

    10-Year Annualised Price Growth - BA5

    3.6%

    51

    National percentile

    10-Year Annualised Rent Growth - BA

    4.6%

    86

    National percentile

    View full analysis for BA5

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