According to the public record, Drove Cottage, Wells is a period freehold house and with 1,862 ft2 of internal area and sits on a 692 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Rookham Hill, Rookham, Wells, BA5 is located in the borough of Mendip within the BA5 postal district.
Drove Cottage, Wells has a single entry in the Land Registry database from December 2014 and a single entry in the EPC database dated September 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Drove Cottage Wells as £922,811 and the rental value as £1,736 per month giving an expected gross yield of 2.3%.
Over the last 12 months the sale value of Drove Cottage Wells has decreased by £16,857 (1.8%) and its rental value has increased by £88 per month (5.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Drove Cottage, Wells is in very good condition we estimate a sale value of £968,952 and rental value of £1,823 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £858,214 and a rental value of £1,614 per month.
If you were able to purchase this property for the estimated value of £922,811, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,535 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, Drove Cottage, Wells sits on a plot of 692m2.
According to HM Land Registry, Drove Cottage, Wells was last sold on 09 Dec 2014 for £663,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2014, the market for similar properties has risen 38.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Drove Cottage, Wells within a radius of 3.4km over the last 2 years.
The most recent example is 56, Ash Lane, Wells, BA5 2LS, a Freehold house which sold for £785,000 in Jan 2023.
Read more about house prices in BA5.
Rookham Hill, Rookham, Wells, BA5 has a total of 3 addresses. According to our analysis of all the public data, Drove Cottage, Wells is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £565k more expensive than the average property in BA5.
Drove Cottage, Wells has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Sep 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to Drove Cottage, Wells is Castle Cary station which is 17.8 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Drove Cottage, Wells, 50.0% of property is privately owned outright and 27.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Drove Cottage, Wells, 18.0% of residents are recorded as possessing school level qualifications and 46.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Drove Cottage, Wells, the average age was 46.1 and the most common age was 57.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Drove Cottage, Wells, 0.9% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Drove Cottage, Wells, there are an average of 1.9 cars per household.
See below for how this compares to South West and the rest of England & Wales.