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Wood Lane, Ashill, Ilminster, Somerset

South West

£375,000

Listed on 22/08/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
1409 sqft

Description

This unique detached property presents an excellent opportunity for renovation and potential expansion. Comprising two semi-detached homes, Wood Farm and Wood Farm Cottage, the offering is perfect for those looking to create a larger family residence or maintain separate living spaces. Nestled in a scenic rural area, this property spans approximately 0.37 acres with ample driveway parking on both sides. Wood Farm features a welcoming hallway leading to essential utilities, including a spacious utility room and a dated but functional kitchen. The adjoining dining room provides possibilities for an open-plan layout by removing the separating wall, enhancing light and flow throughout. The ground floor also includes a bright reception room. Upstairs are two generously sized double bedrooms and a family shower room. Wood Farm Cottage includes its own small hall and porch entrance leading into a well-sized sitting room centered around a fireplace. Although the kitchen is compact, it offers potential and functionality; the bedroom is spacious with built-in storage, while the bathroom could be transformed into an en-suite if merging the spaces. Outside, Wood Farm features beautifully landscaped gardens both at the front and rear, complete with various plantings and access paths. Wood Farm Cottage similarly boasts outdoor space that wraps around the home. With mains water and electricity servicing both properties as well as their own heating solutions, this project property awaits a visionary buyer ready to unlock its full potential.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

51out of 100
Grade DWeak opportunity

Confidence: LOW

This detached property, comprising two semi-detached homes, presents an interesting opportunity for those looking to create a unique living space in a charming rural setting. With a total of three bedrooms and generous floor space, there is potential for transformation, particularly by opening up walls to enhance flow and light. The location overlooking farmland adds to the appeal, making it a serene environment for a family home.

However, the asking price of £375,000, which is below the local average price per square foot, raises some concerns regarding its value. The lack of detailed renovation estimates and the uncertainty around the condition of key areas like the kitchen and bathroom further complicate the investment picture. While the property could be tailored to your specifications, prospective buyers should carefully consider the potential costs involved in the renovation and the current market conditions, which show a decline in local property values.

Overall, while this property has notable strengths in terms of space and location, the economics of the deal appear stretched, and buyers should approach with caution, ensuring they have a clear understanding of renovation costs and potential outcomes.

Key opportunities

  • Potential to create a single larger home by merging the two properties
  • Generous floor area with three bedrooms, providing ample living space
  • Charming rural location with pleasant views of farmland

Key risks

  • Uncertain renovation costs due to insufficient data
  • Condition of the kitchen and bathroom is unknown, adding to risk
  • Local property market showing negative growth may affect resale value

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Map

Location

Wood Lane, Ashill, Ilminster, Somerset
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,417
Based on a loan of £281,250 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.

Tax

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Indicative tax based on the asking price and the options you select.

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