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Crimchard, Chard, Somerset, TA20

South West

£275,000
Listed on 20/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
758 sqft

Description

This detached bungalow offers a blend of space and potential in a desirable location, presenting an excellent opportunity for renovation and investment. The property features well-proportioned living areas that are filled with natural light, creating a warm and inviting atmosphere throughout. Inside, the lounge is a generous dual-aspect room measuring approximately 16ft x 12ft, equipped with a gas fire that could be a focal point for modern updates. The layout includes three bedrooms, with the primary bedroom being notably spacious. Currently, one bedroom is set up as a dining room and boasts double-glazed doors that open directly onto the garden, allowing for seamless indoor-outdoor living. The kitchen benefits from triple aspect windows, offering views of the garden while providing ample potential for redesign. It comes complete with built-in storage and access to the side yard. The property's bathroom features essential fixtures and could easily be revitalized to enhance functionality. Outdoors, the gardens surround the home on three sides and are thoughtfully designed. A gated driveway provides off-street parking, while the front garden offers space to extend this if desired. The side garden includes fruit canes and leads to a well-maintained rear garden that combines lawn areas with vegetable patches, alongside useful structures like a wooden shed and greenhouse. A noteworthy feature of this property is the expansive loft space accessible via a pull-down ladder. With windows at each end of the gable, there is significant potential for conversion into additional living space—subject to obtaining necessary planning permissions. Double glazing throughout enhances energy efficiency, and electric night storage heating provides warmth during colder months. There is also an available gas supply ready for connection. Located within reach of local amenities, this property not only offers comfortable accommodation but also presents an ideal canvas for those looking to invest in renovations or develop further potential in a sought-after area.

Investment Analysis

(TA20 area)

Above Market Value

This property is priced +26.4% above area average per sq ft

+26.4%
This Property
£363/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£239,301
10% above area average per sq ft
Potential ROI
-24.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TA20)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -0.2%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on TA20 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

Crimchard, Chard, Somerset, TA20
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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
£1,007
Based on a loan of £206,250 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