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Cathay Lane, Cheddar

South West

£475,000
Listed on 07/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1873 sqft

Description

This three-bedroom detached bungalow presents an appealing opportunity for those looking to invest in a property with significant renovation potential. Located in the sought-after area of Cheddar, this home has not been on the market since its original construction and boasts a generous plot size. The layout includes a kitchen/diner, living room, three spacious double bedrooms, a bathroom, and a separate toilet. Additionally, the property features a sizeable barn attached to the front garden that holds great promise for conversion into additional living space or storage, pending necessary planning permissions. The gardens are well-sized and provide ample outdoor space for enhancements. Although the interior requires modernising to maximise its appeal, this property is well-positioned within walking distance of local amenities and offers a chance to create your ideal home in a tranquil setting.

Investment Analysis

(BS27 area)

Below Market Value

This property is priced -21.9% below area average per sq ft

-21.9%
Potential saving
This Property
£254/sq ft
Area Average
£325/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£669,288
10% above area average per sq ft
Potential ROI
+27.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (BS27)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 0.1%
5 year growth: 25.5%
Investment Disclaimer: Analysis based on BS27 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

Cathay Lane, Cheddar
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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
£1,740
Based on a loan of £356,250 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE