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Wood Lane, Ashill, Ilminster, Somerset

South West

£375,000
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1409 sqft

Description

This property presents a distinctive investment potential, comprising two semi-detached residences: Wood Farm, featuring two bedrooms, and Wood Farm Cottage, with one bedroom. Situated on a generous 0.37-acre plot and set against picturesque farmland, this property offers an exciting opportunity for renovation. With both homes currently operating separately, there is significant scope to unify the properties into a single expansive dwelling tailored to modern living requirements. The rural location not only enhances its appeal but also provides a tranquil environment for potential future homeowners. Wood Farm features a traditional layout with a rear entrance that leads into a welcoming hallway, which branches off to essential utility spaces including a WC. The kitchen, though dated, has good proportions and connects to the dining room—a renovation here by removing the dividing wall could vastly improve flow and light. The conservatory at the front also adds an element of charm that could be better integrated with some thoughtful updates. Upstairs, two generously sized bedrooms alongside a family shower room are ready for modernization to enhance comfort and functionality. Wood Farm Cottage includes an enclosed porch leading into a cozy hall. The sitting room, centered around a fireplace, holds potential for refreshing touches while the small kitchen requires refurbishment—this space could evolve dramatically with the right vision. The sizeable bedroom is complemented by built-in storage and large windows that capture natural light. Outdoors boasts ample space for landscaping or further development; existing gardens surround both properties while shared access enables easy transition between them. Renovating these homes offers an ideal chance to create your dream residence in this scenic locale.

Investment Analysis

(TA19 area)

Below Market Value

This property is priced -10.8% below area average per sq ft

-10.8%
Potential saving
This Property
£266/sq ft
Area Average
£298/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£462,335
10% above area average per sq ft
Potential ROI
-0.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TA19)

Area prices are falling by -11.4% over the last 12 months
3 year growth: -4.5%
5 year growth: -4.4%
Investment Disclaimer: Analysis based on TA19 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

Wood Lane, Ashill, Ilminster, Somerset
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,338
Based on a loan of £281,250 over 30 years at 3.97% 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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