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St Peters, Church Street, Mere, Warminster - Image 1
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St Peters, Church Street, Mere, Warminster

South West

£350,000
Listed on 10/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1316 sqft

Description

This three-bedroom terraced house in the picturesque town of Mere, nestled in Wiltshire, presents a promising opportunity for renovation and investment. The home features distinct character and offers adaptable living spaces that could greatly benefit from modern enhancements. Upon entering, a practical porch provides a welcoming transition from outdoor activities, perfect for stowing away outdoor gear. The primary sitting room is bright and features a traditional fireplace that can be restored to enhance its charm while providing warmth during colder months. The layout includes an additional reception area currently serving as a snug, which benefits from ample storage under the stairs and has direct access to the expansive open-plan kitchen-diner. This space is well-suited for reconfiguration or modernization, creating an ideal environment for social gatherings. Sliding patio doors lead from the dining area to the rear garden, inviting fresh air into the living space and allowing for easy indoor-outdoor flow during warmer seasons. The garden itself offers a blank slate waiting for landscaping, with potential for both a vibrant outdoor area and additional seating or entertaining spots. On the first floor are two sizable bedrooms alongside a family bathroom. A third bedroom on the second floor—currently utilized as a study—boasts lovely views and substantial storage options, presenting an opportunity for expansion or conversion into additional living quarters. The summer house at the bottom of the garden adds further potential; with some refurbishment it could become an enchanting workspace or relaxation spot, enhancing overall property value. Given this home's blend of unique features and improvement potential in both living areas and outdoor spaces, it stands as an appealing project for buyers looking to invest in their future.

Investment Analysis

(BA12 area)

Below Market Value

This property is priced -16.7% below area average per sq ft

-16.7%
Potential saving
This Property
£266/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£304
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£462,363
10% above area average per sq ft
Potential ROI
+18.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (BA12)

Area prices are falling by +2.1% over the last 12 months
3 year growth: -7.6%
5 year growth: 16.6%
Investment Disclaimer: Analysis based on BA12 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

St Peters, Church Street, Mere, Warminster
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE