1 Bedroom Retirement Property
£125,000
Silver Street, Wells, Somerset

Description

DESCRIPTION

A light and spacious one bedroom, ground floor apartment for the over 55's situated in a convenient location in the centre of Wells and just a short walk from the Bishop's Palace, Cathedral and High Street.

Upon entering the property is an entrance hall opening into the sitting/dining room with an electric fireplace as the focal point and a bay window to the front. The kitchen comprises a range of units and plumbing for a washing machine. An inner hall provides storage and leads to the wet room with shower, toilet and wash hand basin. The bedroom is a spacious room with views out to a courtyard garden.

 The newly fitted gas combi boiler (2026), also in the kitchen, will be serviced annually (included in the service charge).

Residents of Palace Court also have the benefit of booking the guest suite at any other retirement development run by Anchor, for a reasonable price, ideal for a few days away.

OUTSIDE

The development is set within the heart of the city with all amenities within a short distance. There are well maintained flower and shrub beds around the development along with an attractive communal garden, mainly laid to lawn with shrub and flower borders to the rear of the property. Benches are dotted around the site, a perfect spot to sit and enjoy the sunshine. The communal facilities include a residents sitting room, laundry room, gardens and parking for residents and visitors. There is also a  house manager.

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. 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

Leasehold - 70 years remaining (as of 2026)

HEATING

Gas central heating

SERVICES

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

SERVICE CHARGES

Service charge - currently £3634.00 per annum

There is no ground rent payable

LOCAL AUTHORITY

Somerset Council

COUNCIL TAX

Band 'B'

EPC RATING

Rating 'D'

VIEWING

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

DIRECTIONS

On foot - From the Wells office in Broad Street turn left onto St. John's Street at the end of the road turn right into Southover. On the left hand side after approx. 25 metres you will see a gated archway signed 'The Old Bakery' which leads to Palace Court. Continue through the second gate into Palace Court.

By car - From the Wells office in Broad Street turn left onto St. John's Street at the end of the road turn right into Southover, take the next left into Silver Street and follow the road for approx. 100 metres. Take the next left into Palace Court.

AGENT'S NOTE

Please note that in the future should you wish to sell the property you are liable to pay a charge of 1.5 % of the purchase price for each year the property is owned. This charge goes towards the sinking (maintenance) fund for the development.