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Development Site | Radstock | Planning Granted - Image 1
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Development Site | Radstock | Planning Granted

South West

£350,000

Listed on 27/05/2026

Property Details

Bedrooms
15
Type
Plot

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.

Investment Analysis

(BA3 area)
Area Average
£324/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£450,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (BA3)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -3.6%
5 year growth: +13.8%
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

Development Site | Radstock | Planning Granted
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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
£1,249
Based on a loan of £262,500 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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