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Marshalls Elm, Street, Somerset, BA16

South West

£2,000,000
Listed on 25/07/2025

Property Details

Bedrooms
7
Type
Detached house
Area
9385 sqft

Description

Ivythorn Manor is a significant medieval manor house, classified as grade II* listed, situated within over 15 acres of varied land that includes gardens, pasture, and woodlands. Originally rebuilt in the 15th century with later additions in the early 20th century, the property showcases traditional rubblestone construction beneath a pitched clay-tiled roof. Its exterior features include stone mullioned windows with metal casements that lend historical charm. Inside, the manor is rich in original character with period elements such as substantial timber beams, decorative ceilings, and inglenook fireplaces. A notable highlight is the oak front door from the 16th century, elegantly adorned with a stone coat of arms above it. The ground floor layout promotes flow and accessibility through a spacious hallway leading to various well-sized rooms that benefit from dual aspect windows. Upstairs, a large landing connects to seven bedrooms; the principal suite offers sweeping views of the grounds and an en-suite bathroom. The attached Ivythorn Cottage provides additional living space but would require modernisation to meet contemporary standards. The external features contribute significantly to the estate's potential; including a detached castellated tower that has been repurposed into a garden room and changing area for the pool, alongside a dovecote dating back to the late 16th century used for storage. The property's extensive gardens are meticulously designed to follow the natural landscape contours and include formal areas as well as secluded spots that invite exploration. While this property offers an abundance of period charm and generous space, there are areas of renovation needed in both the cottage and certain outbuildings, presenting an opportunity for buyers looking to invest in restoration or redesign whilst respecting its historical integrity. Located in a semi-rural hamlet near Street town centre and offering excellent transport links, this manor house represents an intriguing project for those keen on restoring its former glory while enhancing its modern functionality.

Investment Analysis

(BA16 area)

Below Market Value

This property is priced -26.4% below area average per sq ft

-26.4%
Potential saving
This Property
£213/sq ft
Area Average
£289/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £350,000
Target Value
£2,988,137
10% above area average per sq ft
Potential ROI
+27.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (BA16)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 2.6%
5 year growth: 13.4%
Investment Disclaimer: Analysis based on BA16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Marshalls Elm, Street, Somerset, BA16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£7,327
Based on a loan of £1,500,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE