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Channells Lane, Horton, Ilminster - Image 1
Channells Lane, Horton, Ilminster - Image 2
Channells Lane, Horton, Ilminster - Image 3

Channells Lane, Horton, Ilminster

South West

£250,000
Listed on 21/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This property presents a unique investment opportunity featuring two building plots with outline planning permission. Situated within the confines of an established garden that borders a long-term privately-owned residence, these plots encompass approximately 0.6 acres (0.24 hectares). The vendor plans to retain one of the plots for their own self-build project and will handle the demolition of the existing dwelling at a mutually agreed time after the completion of the sale. The available plots, numbered 2 and 3, can be purchased individually or together, making them ideal for self-builders or developers looking to undertake a significant project. Plot 2 measures around 341 square metres (0.08 acres) while Plot 3 is about 467 square metres (0.12 acres). Located in a tranquil area off a no-through road in Horton, these plots offer easy access to local amenities including schools, pubs, shops, and recreational facilities. Notably, the vendor is currently pursuing full planning permissions for two detached four-bedroom homes on Plots 2 and 3, offering prospective buyers valuable groundwork on the planning journey with options to adapt designs if desired. In terms of infrastructure, agreements for connections to essential services such as water and electricity have been established with local providers, facilitating an easier start to development for new owners. Given the location's appealing rural setting yet proximity to larger towns like Ilminster and excellent transport links via major roads like the A303 and M5, this project stands out as a prime candidate for profitable development.

Investment Analysis

(TA19 area)
Area Average
£299/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
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
10%
Properties sold annually

Local Market Trend (TA19)

Area prices are falling by -7.3% over the last 12 months
3 year growth: -1.3%
5 year growth: -1.0%
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

Channells Lane, Horton, Ilminster
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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

This calculation uses non-residential (land/commercial) tax rates.

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