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Ilford Lane, Ilford, Ilminster

South West

£950,000
Listed on 17/03/2026

Property Details

Bedrooms
4
Type
Barn Conversion
Area
2538 sqft

Description

Nestled within a serene countryside hamlet, this distinctive barn conversion offers a unique opportunity for renovation and investment. Originally transformed from historic farm structures around 25 years ago, this property provides an excellent foundation that combines character with modern functionality. With spacious interiors and impressive outdoor grounds of approximately 1.39 acres, there's significant potential to enhance its value through thoughtful updates. The layout lends itself well to multi-generational living or adaptable space for growing families, featuring a grand open-plan living area that floods with natural light and connects seamlessly to the gardens through French doors. The addition of a mezzanine level provides an elevated space for relaxation or productivity, perfect for home office use. The extensive collection of outbuildings presents an exciting chance to renovate into additional accommodation or versatile workshops—subject to planning permissions—which can significantly increase the property's appeal. The grounds allow for extensive landscaping opportunities or even equestrian pursuits for animal lovers. While the property already includes appealing features such as underfloor heating on the ground floor and original timber beams, areas such as the kitchen and bathrooms may benefit from modernization to align with contemporary tastes. The garden's existing mature apple trees and gazebo offer a picturesque setting ripe for further enhancement. Located just a short drive from local amenities and major road links, this property not only promises privacy but also accessibility, making it an ideal candidate for investment in a desirable rural location.

Investment Analysis

(TA19 area)

Above Market Value

This property is priced +24.1% above area average per sq ft

+24.1%
This Property
£374/sq ft
Area Average
£302/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£841,728
10% above area average per sq ft
Potential ROI
-18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
59%
Properties sold annually

Local Market Trend (TA19)

Area prices are falling by -9.5% over the last 12 months
3 year growth: -3.7%
5 year growth: -1.6%
Investment Disclaimer: Analysis based on TA19 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

Ilford Lane, Ilford, Ilminster
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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
£3,426
Based on a loan of £712,500 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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