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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

£125,000
Listed on 21/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This offering presents a unique investment opportunity centered around two building plots, both with outline planning permission, nestled within the extensive garden of an established residential property. The total land area spans 0.6 acres (0.24 hectares), wherein part of the plot will remain with the current owner for their self-build project. Notably, the existing dwelling is slated for demolition, which will take place in accordance with an agreed timeframe post-completion of the sale. Plot 2 encompasses approximately 341 square meters (0.08 acres), while Plot 3 measures around 467 square meters (0.12 acres). These plots can be attractive to self-builders or developers aiming to create bespoke homes tailored to modern living. The current vendor has initiated steps to secure full planning permission for two detached four-bedroom houses on these plots, which can expedite your development process and allow scope for modifications if desired. This site is strategically located off a quiet no-through road in Horton, near local amenities including pubs, playgrounds, and schools in nearby Broadway. The market town of Ilminster lies just a short distance away, providing access to various independent shops and supermarkets. With existing negotiations regarding essential service connections already underway and superfast broadband available in the vicinity, this property offers a solid foundation for future development in a community-oriented environment.

Investment Analysis

(TA19 area)
Area Average
£299/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
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
£443
Based on a loan of £93,750 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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