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The Cross, Ilminster

South West

£290,000

Listed on 08/06/2026

Property Details

Bedrooms
5
Type
Semi Detached
Area
1654 sqft

Description

This distinctive period property offers a rare opportunity for those seeking investment potential or a project to create a large family home. Currently configured as two self-contained flats, it possesses the flexibility to revert back to a single spacious residence, pending planning permissions. With its generous proportions and charming period features, this property is ripe for reconfiguration.

Originally part of a neighbouring farmhouse, this structure was rebuilt in the early 20th century and later divided in the 1960s. Each flat boasts notable high ceilings and characterful details, reflecting its historical roots. The ground floor flat includes two bedrooms and retains original tiling, while the first floor offers three bedrooms and an airy sitting room with built-in storage.

One of the standout features is its unexpected private garden with a sunny aspect and ample parking options, including a garage. The rear garden is designed for low maintenance yet offers scope for creative landscaping or expansion of outdoor living spaces. Potential exists not just for internal adjustments but also enhancements such as increasing off-road parking by modifying the front garden layout.

This property provides an excellent canvas for buyers looking to invest in renovation or simply create their dream home while maintaining the current dual-income potential as flats.

Investment Analysis

(TA19 area)

Below Market Value

This property is priced -41.5% below area average per sq ft

-41.5%
Potential saving
This Property
£175/sq ft
Area Average
£300/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£545,365
10% above area average per sq ft
Potential ROI
+43.5%
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 -12.1% over the last 12 months
3 year growth: -4.7%
5 year growth: -2.8%
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

The Cross, Ilminster
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,096
Based on a loan of £217,500 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.

Stamp Duty Calculator

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