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Cad Road, Ilminster, TA19

South West

£550,000
Listed on 23/08/2024

Property Details

Bedrooms
3
Type
Detached house
Area
1143 sqft

Description

This charming property offers a spacious layout with a large kitchen diner and a generous lounge perfect for relaxation or entertaining. The ground floor includes a versatile bedroom that can also serve as a study, while upstairs, you will find two additional double bedrooms alongside a family bathroom. The small rear garden adds outdoor appeal, complemented by off-street parking. Notably, this property comes with planning permission (ref. 23/00581/HOU) for the construction of a timber-framed building intended for use as an ancillary garage and annex accommodation, presenting an excellent opportunity for further development, subject to necessary planning approvals. Please note that the EPC rating is band G, which may require attention to enhance energy efficiency.

Investment Analysis

(TA19 area)

Above Market Value

This property is priced +59.4% above area average per sq ft

+59.4%
This Property
£481/sq ft
Area Average
£302/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£379,642
10% above area average per sq ft
Potential ROI
-36.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (TA19)

Area prices are falling by +7.5% over the last 12 months
3 year growth: -2.3%
5 year growth: 5.2%
Investment Disclaimer: Analysis based on TA19 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

Cad Road, Ilminster, TA19
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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
£2,015
Based on a loan of £412,500 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