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

South West

£125,000
Listed on 21/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This listing presents an intriguing opportunity to acquire two building plots, both with outline planning permission, situated within the well-established garden grounds of a long-held residence. The total land area spans 0.6 acres (0.24 hectares), with one plot being retained by the current vendor for their own self-build project. Plots 2 and 3 are separately available and could appeal to self-build enthusiasts or investors interested in a development venture. Plot 2 covers approximately 341 square metres (0.08 acres), while Plot 3 measures about 467 square metres (0.12 acres). The site has been maintained as a garden for over a decade and is part of the larger residential curtilage which will soon see the existing dwelling demolished according to a mutually agreed timeline post-sale. The convenience of already secured planning permissions, which are currently under review for two detached four-bedroom homes on Plots 2 and 3, offers prospective buyers a significant advantage in initiating their building projects. Furthermore, essential connection costs to local services have already been negotiated, suggesting a smoother transition once ownership is transferred. Nestled in a quiet location off a no-through road, these plots benefit from proximity to community amenities including schools and recreational facilities, while remaining just over three miles from the market town of Ilminster for additional shopping and services. Given the improvements being made by the current vendors and their future intentions for self-building next door, this property presents an appealing canvas for those looking to invest in new builds within a supportive local environment.

Investment Analysis

(TA19 area)
Area Average
£298/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TA19)

Area prices are falling by -11.4% over the last 12 months
3 year growth: -4.5%
5 year growth: -4.4%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£446
Based on a loan of £93,750 over 30 years at 3.97% 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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