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Cathay Lane, Cheddar

South West

£475,000

Listed on 04/12/2025

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1873 sqft

Description

This three-bedroom detached bungalow, nestled in a serene location on the sought-after Cathay Lane in central Cheddar, presents an exceptional canvas for renovation enthusiasts and investors alike. The property has remained untouched since its construction, offering a rare opportunity to modernize and customize it to your taste. The generous plot includes both front and rear gardens, providing ample outdoor space, while an attached two-storey barn from the 1800s adds significant potential for conversion or expansion, subject to planning permissions. Internally, the layout features a living room, a spacious kitchen/dining area, three well-sized double bedrooms, a bathroom, and a separate cloakroom—each of which is ready for enhancements. Local amenities are conveniently within walking distance, making this home not only appealing for its investment potential but also for the lifestyle it promises once transformed.

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Investment analysis

(BS27 area)

Below Market Value

This property is priced -23.6% below area average per sq ft

-23.6%
Potential saving
This Property
£254/sq ft
Area Average
£332/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£683,814
10% above area average per sq ft
Potential ROI
+23.2%
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
7%
Properties sold annually

Local Market Trend (BS27)

Area prices are rising by +3.4% over the last 12 months
3 year growth: -1.2%
5 year growth: +19.1%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,794
Based on a loan of £356,250 over 30 years at 4.45% 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.

Stamp duty calculator

Next Steps

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