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Holloway Street, Minehead

South West

£450,000

Listed on 06/11/2024

Property details

Bedrooms
8
Type
Commercial Property

Description

This freehold mixed-use property in the heart of Minehead presents a noteworthy investment opportunity. It features a fully refurbished restaurant that is generating immediate income from a long-term tenant, alongside five residential flats that are primed for renovation. The property has seen significant updates, including extensive roof work completed over the last decade, with final touches expected by June 2024. The restaurant includes two indoor seating areas, a servery/bar, customer toilet facilities, and two commercial kitchen areas alongside a charming walled garden suitable for outdoor dining. The first floor houses a 2-bedroom flat and a studio flat, while the second floor consists of two 1-bedroom flats, and the third floor includes a spacious 3-bedroom flat. With potential for increased rental income through refurbishment of the flats, this property offers substantial returns for investors looking to enhance their portfolio.

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Investment analysis

(TA24 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£237
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TA24)

Area prices are rising by +4.1% over the last 12 months
3 year growth: -2.7%
5 year growth: +6.4%
Investment Disclaimer: Analysis based on TA24 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

Holloway Street, Minehead
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 over 30 years at 4.45% 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-18.2% since listed
£450,000£70,000(-13.5%)
12/09/2025
Current price
£520,000£30,000(-5.5%)
13/02/2025
£550,000Initial listing
05/11/2024

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