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Anchor Street, Watchet

South West

£194,500
Listed on 06/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
860 sqft

Description

This charming terraced cottage, constructed from brick and stone beneath a tiled roof, is situated in the heart of the town's conservation area, granting easy access to local amenities. Having been in the same family's possession for many years, the property presents a prime opportunity for updating and modernisation. The layout features an entrance porch leading into a hall with convenient understairs storage. The living and dining area boasts dual aspects and a glazed door that opens to a private rear garden, alongside a traditional living flame gas fireplace. The kitchen includes basic cabinetry beneath a rolled edge worktop, complete with an inset stainless steel sink and adequate space for essential appliances such as a washing machine and fridge-freezer, though it would benefit from contemporary reworking. A rear hall leads to a practical downstairs WC and a shower room featuring an electric shower. Upstairs are three bedrooms, with two facing the front of the property and one at the rear. The south-facing courtyard garden offers potential for outdoor enhancements while providing privacy from neighbours. Overall, this property holds significant renovation potential, making it an attractive investment for those looking to add value through thoughtful updates.

Investment Analysis

(TA23 area)

Below Market Value

This property is priced -17.1% below area average per sq ft

-17.1%
Potential saving
This Property
£226/sq ft
Area Average
£273/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£258,211
10% above area average per sq ft
Potential ROI
+10.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (TA23)

Area prices are falling by +10.0% over the last 12 months
3 year growth: -7.7%
5 year growth: 5.8%
Investment Disclaimer: Analysis based on TA23 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

Anchor Street, Watchet
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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
£713
Based on a loan of £145,875 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