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23 Bere Lane, Glastonbury, Somerset BA6 8BD - Image 1
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23 Bere Lane, Glastonbury, Somerset BA6 8BD - Image 11

23 Bere Lane, Glastonbury, Somerset BA6 8BD

South West

£100,000
Listed on 09/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
915 sqft

Description

This semi-detached house presents a unique opportunity for renovation and investment, currently configured as two separate one-bedroom flats. The property has been in this arrangement since April 1993, benefiting from distinct council tax banding, which supports its dual-use potential. With modernisation needed throughout, there is ample scope for creativity in transforming the space. For those looking to revert the property back into a single-family home, the layout can be adjusted to accommodate either two or three bedrooms. Alternatively, it can continue as two flats, subject to obtaining the necessary planning consents. Additionally, the possibility of extending the property at the rear or converting the loft adds further investment appeal. Situated in Glastonbury, a town known for its rich cultural heritage and community spirit, this location benefits from proximity to essential amenities. Local bus routes provide convenient access to nearby areas, with Castle Cary Train Station just 15 miles away. Schools, supermarkets, and high street shops are all within walking distance, making it an attractive option for families or tenants. Internally, the ground floor comprises a living room, kitchen, and bathroom while the first floor includes a bedroom with an adjoining kitchen and dining area along with another bathroom. Outside, there's an off-road parking space at the front and a driveway leading to a garden that requires maintenance but holds potential for enhancement. At the back of the garden are two single lock-up garages that could be repurposed into spaces such as a summer house or office—again contingent upon planning approvals. The freehold nature of this property offers additional flexibility for future development or modification. Utility services including water, drainage, electricity, and gas are connected; interested parties should verify their accessibility according to personal requirements. With vacant possession available upon completion and a legal pack prepared for review ahead of bidding on November 5th, 2025, this property represents both immediate renovation potential and long-term investment viability in a desirable Somerset town.

Investment Analysis

(BA6 area)

Below Market Value

This property is priced -65.0% below area average per sq ft

-65.0%
Potential saving
This Property
£109/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£243
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,280
10% above area average per sq ft
Potential ROI
+124.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (BA6)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 2.6%
5 year growth: 14.8%
Investment Disclaimer: Analysis based on BA6 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

23 Bere Lane, Glastonbury, Somerset BA6 8BD
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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
£366
Based on a loan of £75,000 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