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Millbridge Gardens, Minehead

South West

£250,000
Listed on 06/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
700 sqft

Description

This two-bedroom semi-detached bungalow presents a compelling renovation opportunity, ideally situated within convenient distance of town centre amenities. While the property requires updating, it already features essential comforts such as gas central heating and double glazing throughout. The accommodation includes a spacious entrance hall that grants access to all main areas, highlighting a generously sized lounge diner with front-facing windows and a charming feature fireplace. The kitchen, complete with fitted units and integral appliances, offers potential for modernisation to enhance functionality. Both bedrooms are located at the rear of the bungalow, providing garden views, with the second bedroom benefiting from built-in storage options. The shower room includes essential fixtures but could be improved to reflect contemporary standards. Externally, the property is complemented by an integral garage equipped with power and light, alongside off-road parking. The front garden is mostly gravelled with some shrubbery for minimal upkeep. Additional outdoor space includes a side garden area featuring a greenhouse and a rear garden that invites creative landscaping ideas. This property is offered with no onward chain, presenting an attractive opportunity for investors or home seekers looking to create their ideal living space in the South West.

Investment Analysis

(TA24 area)

Above Market Value

This property is priced +22.5% above area average per sq ft

+22.5%
This Property
£357/sq ft
Area Average
£292/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£224,571
10% above area average per sq ft
Potential ROI
-18.3%
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

Millbridge Gardens, 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
£916
Based on a loan of £187,500 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