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Oxenpill, Meare

South West

£279,950
Listed on 24/07/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1356 sqft

Description

This period cottage, nestled in the serene village of Meare, presents a unique opportunity for renovation and investment. The property includes a spacious stone barn, which offers considerable potential for alternative uses, subject to planning approval. Such versatility could cater to various needs, whether converting it into additional living space, an annexe, or even a holiday rental. The cottage itself features two double bedrooms and a family bathroom on the upper level. On the ground floor, you'll find two reception rooms and a kitchen designed with practicality in mind. The open-plan layout seamlessly connects the kitchen and sitting room through traditional flagstone flooring. The sitting area is welcoming with a feature fireplace that houses a wood-burning stove and provides access to an inviting dining space with its own fireplace. Upstairs, you’ll notice the character retained in elements like part-exposed stone walls and ledge-and-brace doors. Both bedrooms come equipped with built-in cupboards; the rear-facing bedroom boasts attractive views stretching over adjoining fields towards the Meare Heath wildlife reserve. The family bathroom is functional and includes essential fixtures: a bath with shower overhead, wash basin, and WC. Outside, the enclosed courtyard garden provides a private retreat with raised shrub beds and an all-weather lawn. There’s also potential for outdoor entertaining under the covered area adjacent to the roof terrace—a perfect setting for barbeques while enjoying panoramic vistas of the surrounding landscape. The location itself is advantageous; Meare is situated within the stunning Somerset Levels, offering easy access to both Glastonbury and Street for broader amenities. The village supports local life with its primary school, parish church, store, and garage while being conveniently placed near esteemed educational institutions such as Millfield School and Wells Cathedral School. With its appealing features and promising prospects for transformation or expansion—particularly regarding the barn—this property represents a compelling option for those seeking a project in a charming rural setting.

Investment Analysis

(BA6 area)

Below Market Value

This property is priced -33.9% below area average per sq ft

-33.9%
Potential saving
This Property
£206/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£243
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£465,752
10% above area average per sq ft
Potential ROI
+45.6%
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
13%
Properties sold annually

Local Market Trend (BA6)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 2.6%
5 year growth: 14.8%
Investment Disclaimer: Analysis based on BA6 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

Oxenpill, Meare
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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
£1,026
Based on a loan of £209,962 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