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Paganel Rise, Minehead

South West

£255,000
Listed on 13/02/2026

Property Details

Bedrooms
2
Type
Detached house
Area
633 sqft

Description

Nestled in a tranquil cul de sac in Minehead, this two-bedroom detached bungalow presents a unique opportunity for renovation and customization. Having been cherished by the same family for over four decades, the property spans approximately 629 sq ft (58.5 sq m) and features a practical layout centered around a welcoming hallway with built-in storage. The living room is bright and airy, offering scenic views of North Hill, while the kitchen overlooks the private rear garden, providing an excellent canvas for modern upgrades and redesigns to enhance functionality. The well-proportioned bedrooms—one measuring 12'4" x 11'11" and another at 10'9" x 9'1"—allow for various uses such as guest accommodations or even a home office. The centrally located bathroom adds to the convenience of this layout. Externally, the level plot includes driveway parking and a garage with direct access to the enclosed garden, perfect for outdoor enjoyment or entertaining. Although the interiors are in need of an update, this property boasts significant potential for those seeking to invest in creating a personalized living space in a desirable location. Offered with no onward chain, this bungalow is an inviting prospect for buyers ready to realize their vision.

Investment Analysis

(TA24 area)

Above Market Value

This property is priced +39.7% above area average per sq ft

+39.7%
This Property
£403/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£200,813
10% above area average per sq ft
Potential ROI
-28.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Paganel Rise, Minehead
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£920
Based on a loan of £191,250 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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