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The Parks, Minehead, Somerset, TA24

South West

£380,000
Listed on 03/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1496 sqft

Description

This detached three-bedroom family residence, nestled in the sought-after town of Minehead, presents a variety of renovation opportunities for potential buyers. The property boasts an enclosed walled garden, garage, and private driveway parking, along with scenic views of the surrounding countryside and woodland. Offering spacious ground floor accommodation, it features two versatile reception rooms, a kitchen/breakfast room equipped with traditional oak units, and practical amenities like a downstairs WC and utility room. On the first floor, the home provides two well-sized double bedrooms—one with integrated wardrobes—and a single bedroom. Notably, there's considerable potential for modernization throughout the property and the possibility of converting the fully boarded loft space (subject to planning permission). The outdoor area is enhanced by multiple outbuildings and a summer house, making this property ideal for those looking to add value through careful updates and improvements.

Investment Analysis

(TA24 area)

Below Market Value

This property is priced -11.8% below area average per sq ft

-11.8%
Potential saving
This Property
£254/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£212
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£474,097
10% above area average per sq ft
Potential ROI
+12.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (TA24)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -3.8%
5 year growth: +10.0%
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

The Parks, Minehead, Somerset, TA24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,371
Based on a loan of £285,000 over 30 years at 4.06% 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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