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Pound Lane, Oakhill, BA3

South West

£550,000
Listed on 28/04/2026

Property Details

Bedrooms
4
Type
Bungalow
Area
1705 sqft

Description

Nestled in a serene rural setting, this detached bungalow presents a promising opportunity for renovation enthusiasts and investors. While currently functional, the property is in need of cosmetic upgrades to realize its full potential. Located near Oakhill, which offers essential amenities such as a village shop, doctors' surgery, school, and community hall, it enjoys both tranquility and accessibility. Entering through an inviting porch, you find a spacious hall that opens to all key living areas. The bright sitting room features dual aspect windows and French doors that lead to the front garden, creating a pleasant atmosphere for relaxation. A central stone fireplace adds character but could be modernized for enhanced appeal. The dining room connects seamlessly to the kitchen, providing ample space for modifications or updates. The kitchen includes base units and necessary appliances but would benefit from a refresh to align with contemporary styles. Four bedrooms allow flexibility for family living or even conversion into study spaces or additional bathrooms if desired. Storage solutions include an airing cupboard and a walk-in cupboard housing the boiler. The family bathroom is functional yet could be reimagined into a modern sanctuary with some investment. An adjoining garage offers further potential for conversions or additional storage space. Outside, the property boasts a manageable garden with views of the surrounding countryside—ideal for landscaping projects or outdoor entertainment zones. The driveway provides parking options, while gates offer privacy. This property’s quiet lane location ensures peace while remaining conveniently close to larger towns like Wells and Bath, enhancing its appeal for future tenants or buyers post-renovation.

Investment Analysis

(BA3 area)

Below Market Value

This property is priced -1.7% below area average per sq ft

-1.7%
Potential saving
This Property
£323/sq ft
Area Average
£328/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£615,445
10% above area average per sq ft
Potential ROI
+4.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (BA3)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -3.2%
5 year growth: +14.4%
Investment Disclaimer: Analysis based on BA3 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

Pound Lane, Oakhill, BA3
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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
£1,948
Based on a loan of £412,500 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

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