Development Site | Radstock | Planning Granted
South West
£350,000
Listed on 28/05/2026
Listed on 28/05/2026
The listing
Property details
Bedrooms
15Type
PlotArea
7018 sqftFeatures
- Garden
- Parking
Description
This former public house, known as the Fir Tree Inn, presents a unique opportunity for redevelopment in Radstock. With approved planning consent for conversion into seven apartments alongside a new detached cottage, this property carries significant investment potential. The total Gross Internal Area spans over 7,000 square feet, offering ample space for transformation into residential units that include one and two-bedroom dwellings. As part of the development plan, there are provisions for associated parking and landscaping, increasing the appeal for future tenants or buyers. The property is fully vacant and ready for redevelopment, making it an attractive project for investors looking to capitalize on local housing demand. With an established planning framework from Bath & North Somerset Council already in place, the groundwork has been laid to facilitate a swift transition from pub to apartments and new build. Additionally, discussions regarding reducing Community Infrastructure Levy (CIL) costs could further enhance the financial viability of this project.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
59out of 100
Grade DWeak opportunity
Confidence: LOW
At £350,000, the asking price is exceptionally low against the stated local £/sqf benchmark, making this a notable opportunity to acquire a substantial vacant former pub site. The listing states that detailed planning and listed-building consent have been granted for seven apartments and a detached cottage, with parking and private amenity space. The proposed scheme gives the project a clear direction, though the Grade II status, stated CIL liability and VAT election call for careful due diligence.
This is a heavy conversion project: the exterior and site look neglected, the roof coverings are aged, and no interior or building-services photos are provided. The score is therefore tempered by the limited condition evidence and economics data; the cheap price is a strength, but does not by itself establish the project’s overall returns.
Key opportunities
- Use the existing pub building and granted scheme as the basis for creating seven apartments and a detached cottage, rather than starting with an unconsented concept.
- The proposed mix of one- and two-bedroom homes, with parking and private amenity provision, offers scope to deliver a varied residential scheme.
- The vacant site’s hardstanding and overgrown areas could be reshaped to provide the landscaping and private amenity shown in the plans.
Key risks
- Weathered elevations, aged roof coverings and covered or boarded openings point to a substantial conversion programme; allow for a full building and services assessment and a longer, more involved programme than a cosmetic refresh.
- Grade II status, the stated CIL liability and VAT election require careful legal, planning and tax due diligence.
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Transport
Nearest stations
Oldfield Park Rail Station
6.6 miles
Train · Oldfield Park
Freshford Rail Station
6.7 miles
Train · Freshford
Frome Rail Station
6.8 miles
Train · Frome
Bath Spa Rail Station
6.9 miles
Train · Bath
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,430
Based on a loan of £262,500 over 30 years at 5.13% 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
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
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