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Holloway Street, Minehead

South West

£450,000
Listed on 13/02/2025

Property Details

Bedrooms
8
Type
Terraced

Description

This mixed-use freehold property presents a promising investment opportunity in the heart of Minehead. The site includes a fully refurbished restaurant that is currently generating income with a reliable long-term tenant, while the five flats above offer significant renovation potential. Each flat requires varying levels of refurbishment, making this a prime candidate for investors looking to increase rental value. The building has seen substantial upgrades, including a newly completed roof over the past decade with the final phase scheduled for June 2024. The layout includes two first-floor units (1 x two-bedroom and 1 x studio), two one-bedroom flats on the second floor, and a spacious three-bedroom flat on the top floor. The property's strategic location and existing income from the restaurant position it well for further capital appreciation through thoughtful renovations.

Investment Analysis

(TA24 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£198
Avg Yield
3.2%

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
23
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TA24)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -2.4%
5 year growth: +9.1%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,594
Based on a loan of £337,500 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

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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