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Cleeve Hill, Watchet

South West

£270,000
Listed on 03/01/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1184 sqft

Description

This semi-detached house offers a unique opportunity for renovation and investment, nestled in a picturesque rural setting between Watchet and Blue Anchor. With three bedrooms—two spacious doubles and a versatile loft room—the layout provides ample living space that can be tailored to suit modern family needs. The property underwent significant renovations in 2021, with substantial structural updates already completed. While it requires some cosmetic finishing touches, this offers a perfect chance for buyers to infuse their style into the home, transforming it into a contemporary family dwelling. The ground floor features an entrance porch, a convenient WC, and a cozy sitting room complete with a wood burner. The kitchen/breakfast area flows into a dining room and utility space, making it suitable for both daily living and entertaining. Upstairs, the two double bedrooms are complemented by two bathrooms, while the loft room on the second floor adds potential for additional living space or storage. Outside, the property includes off-road parking for 1-2 vehicles at the front. The enclosed rear garden boasts stunning coastal views and serves as an ideal canvas awaiting personalization; recent tree removals have cleared space for new landscaping ideas. Whether you envision creating an outdoor oasis or simply maintaining an easy-care garden, this area invites imaginative possibilities. Conveniently situated just a 15-minute walk from Watchet—a vibrant historic harbor town—residents can enjoy access to local amenities including shops, cafes, and the West Somerset Heritage Steam Railway. Surrounded by the stunning landscapes of the Quantock and Brendon Hills as well as Exmoor National Park, this location is also perfect for outdoor enthusiasts. Furthermore, Taunton lies just 18 miles away, providing essential transport links to the motorway network and London via fast trains. This property presents not only a comfortable family home but also a valuable investment opportunity in an increasingly sought-after area.

Investment Analysis

(TA23 area)

Below Market Value

This property is priced -16.5% below area average per sq ft

-16.5%
Potential saving
This Property
£228/sq ft
Area Average
£273/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£355,490
10% above area average per sq ft
Potential ROI
+27.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (TA23)

Area prices are falling by +10.0% over the last 12 months
3 year growth: -7.7%
5 year growth: 5.8%
Investment Disclaimer: Analysis based on TA23 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

Cleeve Hill, Watchet
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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
£989
Based on a loan of £202,500 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