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Market House Lane, Minehead, Somerset, TA24 - Image 1
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Market House Lane, Minehead, Somerset, TA24

South West

£265,000
Listed on 28/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This former industrial unit, constructed from stone and brick, presents an intriguing redevelopment opportunity situated just off the town centre. Spanning approximately 438 sqm (4,715 sqft), the property is positioned on a prominent site that is easily accessible, making it ripe for a variety of potential uses pending necessary approvals. Previously, the site had received full planning permission (granted in August 2020) for demolishing the existing structure to build seven residential apartments alongside roughly 164 sqm of ground-level space suitable for retail, café, or office use. Although this permission has lapsed, it highlights a strong indication of the site's development capabilities and local authority support for mixed-use endeavors. The building features large sliding industrial doors and a double-glazed pedestrian entrance. The ground floor consists primarily of an open-plan workshop area (previously functioning as a laundry), complemented by a lobby, two offices, and restroom facilities. An internal staircase leads to an additional storage area on the first floor measuring about 86.95 sqm (936 sqft), which benefits from its own external access. Given its advantageous location adjacent to the town centre and prior planning history, this property is ideally suited for residential conversion or alternative redevelopment strategies and offers significant potential for commercial or light industrial refurbishment.

Investment Analysis

(TA24 area)
Area Average
£288/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (TA24)

Area prices are falling by -2.4% over the last 12 months
3 year growth: -4.6%
5 year growth: +11.1%
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

Market House Lane, Minehead, Somerset, TA24
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£956
Based on a loan of £198,750 over 30 years at 4.06% 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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