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Chamberlain Street, Wells Auction Guide Price £160,000

  • For sale by Modern Method of Auction
  • Part of the historic Grade II* listed St Cuthberts Lodge
  • Perfectly situated for access to the high street and local amenities
  • Added benefit of a courtyard garden and parking.
  • Easy walking distance to the highly rated local schools
  • Investment and rental opportunity
  • No onward chain

For sale by Modern Method of Auction; Starting Bid Price £160,000 plus Reservation Fee.

5 St Cuthberts Lodge forms part of the bigger grade II* listed St Cuthberts Lodge on Chamberlain Street. Formerly government offices and built C18 this striking building is rendered and colourwashed with Doulting stone dressings, welsh slate roof between coped gables and ashlar chimney stacks.
Number 5 consists of a large dining / sitting room and thanks to the Palladian windows and glazed door to the patio the room is flooded with light. To the rear is the well fitted functional kitchen with a small utility / storage room behind. On the first floor there are two double bedrooms and the bathroom.
The property has previously been successfully rented over the years and has use of a general parking area which makes this a very appealing proposition as an investment property or a bolt hole or a property for a first time buyer.

The Property is for sale by "iam-sold Ltd"

This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% subject to a minimum of £6,000 including VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by “iam-sold Ltd”.

Outside
The sitting room opens into a small enclosed courtyard with the parking area to the side.

Situation
5 St Cuthbert's Lodge is very well positioned being situated very close to the high street and local amenities.

Wells is the smallest Cathedral city in England, and offers all the usual amenities that you would expect in a small town including banks, doctors surgeries, dentists and a selection of primary schools and the excellent Blue School and Wells Cathedral school. The high street is vibrant with a small selection of the usual chain stores plus a variety of independent shops and restaurants and pubs as well as a twice weekly market and a choice of supermarkets including Waitrose. At the very heart of the city is the medieval Cathedral, Bishop’s Palace and Vicars’ Close (reputed to be the oldest surviving residential street in Europe).
The Wells festivals are increasing in popularity each year with the Literary Festival now taking place over two weeks and attracting big names in the literary world, the very well attended Food Festival and many regular Arts festivals. With both the Cathedral School and the Cathedral itself there are endless opportunities for musical concerts, plus there are regular shows and comedy nights in the Little Theatre.

Both Bath (21 miles) and Bristol (22 miles) are within commuting distance and there is a main line railway station with links to London in Castle Cary 13 miles away. Street and Glastonbury are 20 minutes away and Bristol airport is an easy 30-minute drive.

Schools
There are excellent state and Independent schools in the area including highly regarded primary schools in Wells, Wells Cathedral Prep, Millfield Prep and senior schools, the popular Wells Blue Secondary School, Wells Cathedral School, Wedmore first school Academy, Hugh Sexeys Middle School and Kings of Wessex upper School, Downside School and All Hallows Preparatory School.

Services
Mains gas, water and electricity

Tenure
Leasehold with a share of the freehold, management charge £544 / year

PLEASE NOTE THAT LODESTONE HAS LOTS OF PROPERTIES WHICH ARE BEING DISCREETLY MARKETED ONLY ON OUR WEBSITE - https://www.lodestoneproperty.co.uk/

Viewing by appointment only.


Directions
From our offices in Chamberlain Street turn right and St Cuthberts Lodge will be found a 100 yards along on the right hand side. If arriving by car parking is available in the Waitrose car park in Whiting Way, from the car park turn left on Whiting Way and then left at the roundabout and St Cuthberts Lodge will be found a short distance on the left hand side.


In accordance with the Consumer Protection from Unfair Trading Regulations 2008 the information provided by Lodestone in these property details are to the best of their knowledge and are as accurate as possible.


Chamberlain Street
Wells BA5 2PJ
County: Somerset
Sale Type: Under Offer
Ref #: LP000621
Name Location Type Distance
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