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Faulkland, Somerset

South West

£360,000
Listed on 04/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
867 sqft

Description

This charming cottage is nestled in the traditional village of Faulkland, Somerset, offering a blend of historical character and modern potential. With three bedrooms located on the upper floor, the home features a spacious living room and an inviting kitchen diner on the ground floor that encourages comfortable family living. The interior showcases period details such as exposed timber beams and flagstone flooring, which add to its rustic charm. A large log-burning stove is a focal point in the living room, providing warmth during colder months and enhancing the cozy atmosphere. Outside, the generously sized garden provides an excellent space for outdoor relaxation and entertaining when the weather permits. Significantly, this property comes with approved planning permission for a two-story extension that would transform it into a five-bedroom home while still preserving ample outdoor space and parking options. This presents a valuable opportunity for future investors or families looking to expand their living area without sacrificing outdoor amenities. The location offers convenient access to nearby towns; Bath is just twenty minutes away by car, while Frome can be reached in ten minutes. For those who enjoy exclusive leisure options, Babington House is merely seven minutes away. This combination of rural tranquility with proximity to urban amenities makes it an attractive setting for both homeowners and investors alike. Overall, this cottage not only serves as a comfortable year-round residence but also represents significant renovation potential for those looking to enhance its value and functionality.

Investment Analysis

(BA3 area)

Above Market Value

This property is priced +26.7% above area average per sq ft

+26.7%
This Property
£415/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£278
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£312,671
10% above area average per sq ft
Potential ROI
-23.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (BA3)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 2.1%
5 year growth: 18.8%
Investment Disclaimer: Analysis based on BA3 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

Faulkland, Somerset
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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
£1,319
Based on a loan of £270,000 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