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Holloway Street, Minehead

South West

£450,000

Listed on 13/02/2025

Property Details

Bedrooms
8
Type
Terraced

Description

This freehold property presents a compelling mixed-use investment opportunity in the heart of Minehead. It features a fully refurbished restaurant that is already generating income with a reliable tenant on a long-term lease. The restaurant boasts two indoor seating areas, a servery/bar, customer toilet facilities, and a commercial kitchen with ample space for operational needs, plus an inviting walled garden suitable for outdoor dining. Above the restaurant, you'll find five residential flats that are primed for renovation—consisting of one 3-bedroom flat, two 1-bedroom flats, one studio flat, and one 2-bedroom flat. Although these residential units require varying degrees of refurbishment to unlock their full rental potential, this offers investors the chance to add significant value through modernization. Notably, the property has benefited from extensive roof work over the past decade, ensuring structural integrity going forward. With its strategic location and existing income stream from the restaurant, this property holds considerable promise for savvy investors looking to enhance their portfolio.

Investment Analysis

(TA24 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£199
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
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
6%
Properties sold annually

Local Market Trend (TA24)

Area prices are rising by +3.1% over the last 12 months
3 year growth: -1.4%
5 year growth: +8.4%
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

Holloway Street, Minehead
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 over 30 years at 4.45% 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

Price History

-13.5% since listed
£450,000£70,000(-13.5%)
13/09/2025
Current price
£520,000Initial listing
13/02/2025

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