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Leigh Road, Street

South West

£485,000
Listed on 27/11/2024

Property Details

Bedrooms
3
Type
Detached house
Area
1248 sqft

Description

Positioned within a notable conservation area, this charming stone-built detached residence is just a short stroll from the High Street and nearby amenities. With three bedrooms and high ceilings, the home retains some attractive period features that lend it character. However, it presents a valuable opportunity for renovation and modernization to enhance its appeal further, making it an excellent project for those looking to invest in a property with potential. Set on a corner plot, one of the standout features of this property is the large detached outbuilding, which was once utilized as an old blacksmith forge. This versatile space currently offers ample garaging and storage but could be transformed into an annexe or home office/studio, pending necessary planning permissions and consents. Such additional options significantly increase the investment potential of the property. The location itself adds to the appeal; the vibrant town of Street boasts a range of shopping facilities, including the Clarks Village factory outlets. Residents can benefit from various recreational options such as theaters, tennis courts, bowling greens, and both indoor and outdoor swimming pools. The historic town of Glastonbury lies just three miles away, while Wells—a city known for its stunning cathedral—is nine miles distant. Accessibility is also convenient with major road networks; the nearest M5 motorway interchange at Dunball is approximately 14 miles away, providing straightforward routes to Bristol, Bath, Taunton, and Exeter. For those seeking a project in an established yet dynamic location with substantial renovation potential, this home represents an intriguing opportunity amidst a community rich in history and amenities.

Investment Analysis

(BA16 area)

Above Market Value

This property is priced +29.8% above area average per sq ft

+29.8%
This Property
£389/sq ft
Area Average
£300/sq ft

Renovation Potential

Est. Renovation Cost
£48,500 - £121,250
10-25% of property value
Target Value
£411,154
10% above area average per sq ft
Potential ROI
-32.2%
After renovation
Monthly Sales
13
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (BA16)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 3.8%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on BA16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Leigh Road, Street
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