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Lower Street, Merriott

South West

£385,000

Listed on 24/06/2026

Property Details

Bedrooms
3
Type
Link Detached House
Area
1383 sqft

Description

This charming stone cottage, initially built as two separate cottages around the early 1900s and later merged into a single residence, boasts significant renovation potential. Conveniently located in Merriott village, the property features a sizeable barn that has been converted into a double garage/workshop, which could be reimagined for various uses with appropriate planning permissions. The interior space offers well-sized rooms including a dining area and a kitchen equipped with cream shaker-style units, though updates could enhance functionality and aesthetics. The living room benefits from dual aspects of natural light and includes a brick fireplace. A conservatory adjoins the rear of the home, providing views of the garden and access to outdoor spaces that include both patio areas and mature gardens. The upstairs presents three double bedrooms and a family bathroom; while reasonably functional, these spaces could be revitalized to suit modern preferences. Overall, this property stands as an excellent investment opportunity for someone looking to personalize their home or expand it further.

Investment Analysis

(TA16 area)

Below Market Value

This property is priced -5.8% below area average per sq ft

-5.8%
Potential saving
This Property
£278/sq ft
Area Average
£296/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£449,544
10% above area average per sq ft
Potential ROI
+3.3%
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
14%
Properties sold annually

Local Market Trend (TA16)

Area prices are falling by -100.0% over the last 12 months
3 year growth: -100.0%
5 year growth: -100.0%
Investment Disclaimer: Analysis based on TA16 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

Lower Street, Merriott
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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
£1,454
Based on a loan of £288,750 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

Price History

-14.4% since listed
£385,000£15,000(-3.8%)
13/08/2025
Current price
£400,000£50,000(-11.1%)
29/03/2025
£450,000Initial listing
07/03/2025

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