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Church Street, Mere, Warminster, Wiltshire

South West

£1,000,000
Listed on 18/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2686 sqft

Description

Nestled in the picturesque village of Mere, this Grade II Listed property, originally built in 1744, offers a unique opportunity for renovation and investment. With four bedrooms and over 2,500 square feet of versatile living space in the main house, potential homeowners and investors alike can envision the possibilities that lie within its historic walls. The main residence features three distinct reception rooms that showcase original architectural details. The expansive 27-foot drawing room is highlighted by wooden flooring and five sash windows that flood the space with natural light. A cozy sitting room with an inglenook fireplace and parquet flooring offers a warm retreat, while the formal dining room boasts charming timber beams overhead. The kitchen, situated in what was once an outbuilding, retains character with its exposed timber eaves and flagstone flooring but also includes modern amenities such as fitted units and a range cooker. On the first floor, you will find three generously sized double bedrooms. The principal bedroom enjoys its own en suite bathroom for added convenience, while each bedroom features built-in storage solutions. An additional family bathroom caters to guests or family members. The second floor presents further potential with an extra double bedroom tucked into the eaves. Accompanying the main house are two additional properties: The Old Rectory Cottage and Field Cottage. The Old Rectory Cottage is well-presented with one double bedroom and flexible living spaces that include a sunroom with full-height windows—ideal for guests or as rental property. Field Cottage adds to the investment potential with its one-bedroom bungalow layout, complete with essential amenities perfect for holiday letting. Surrounded by beautifully maintained gardens featuring lawns, established hedges, mature trees, and inviting patio areas for outdoor dining, these properties create an idyllic setting for relaxation or recreation. There’s also practical utility in several outbuildings for storage purposes as well as a detached double garage. This property is set within a well-connected village environment that provides essential amenities including shops, pubs, and schools. It’s positioned conveniently near Gillingham (four miles away) for greater shopping options and a mainline station. Additionally, access to major roadways like the A303 makes commuting straightforward to nearby towns such as Warminster (ten miles away) or traveling towards Taunton and Salisbury. With significant potential for renovation and several avenues for investment income through rentals or holiday lets, this property stands out not just as a home but as a strategic investment opportunity in an appealing location poised for growth.

Investment Analysis

(BA12 area)

Above Market Value

This property is priced +16.8% above area average per sq ft

+16.8%
This Property
£372/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£267
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£941,483
10% above area average per sq ft
Potential ROI
-15.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (BA12)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -6.4%
5 year growth: 17.7%
Investment Disclaimer: Analysis based on BA12 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

Church Street, Mere, Warminster, Wiltshire
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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
£3,663
Based on a loan of £750,000 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