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Lower Park, Minehead

South West

£365,000
Listed on 02/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
807 sqft

Description

Situated in a prime location within easy reach of Minehead's vibrant town centre, this three-bedroom semi-detached house presents a significant opportunity for renovation and investment. The property is set on a notably spacious level plot, enhanced by an impressive garden that features a scenic stream, a charming summerhouse, and direct access to the popular Parks Walk. While the interior would benefit from modern updating, the layout offers substantial space and flexibility for potential customization. Upon entering, you are greeted by a welcoming hallway that leads to two generously sized reception rooms. Each room is adorned with large windows that invite abundant natural light. The living room boasts a part-bay window and an additional side window, creating a pleasant dual-aspect ambiance. Meanwhile, the dining room provides an excellent venue for family gatherings or entertaining guests. The kitchen at the rear of the property connects to a sunroom that overlooks the garden—an ideal spot for relaxation with views of your outdoor space. An inner lobby off the hallway includes practical features such as an understairs cupboard, a separate utility room with garden access, and a ground-floor shower room illuminated by a Velux window. On the first floor, you’ll find two spacious double bedrooms that can accommodate various furniture layouts along with a comfortable single bedroom suitable for use as a child’s room, guest space, or home office. The family bathroom contains a fitted two-piece suite complemented by an airing cupboard, while an additional separate WC ensures convenience. Externally, the property continues to impress. The front offers ample driveway parking alongside a detached garage and low-maintenance gravelled areas with inset shrubs. The expansive rear garden stands out as one of its most attractive features; it includes a patio area perfect for outdoor dining that leads down to lush lawn spaces interspersed with mature flower beds. A picturesque bridge crosses the garden stream, enhancing its tranquility further. With dedicated access to scenic walking paths directly from your property, this outdoor setting caters perfectly to both relaxation and recreation. Equipped with gas-fired central heating and double glazing throughout, this home presents multiple avenues for improvement tailored to individual tastes. Given its desirable location and remarkable lot size alongside its beautiful gardens, this property invites those seeking not just residence but also considerable potential for value enhancement through thoughtful updates. Early viewing is highly encouraged for those interested in capitalizing on this opportunity.

Investment Analysis

(TA24 area)

Above Market Value

This property is priced +55.1% above area average per sq ft

+55.1%
This Property
£452/sq ft
Area Average
£292/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£258,898
10% above area average per sq ft
Potential ROI
-36.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TA24)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -3.3%
5 year growth: 11.5%
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

Lower Park, Minehead
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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
£1,337
Based on a loan of £273,750 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