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Mill Farm, Mill Lane, Misterton, Crewkerne, TA18 - Image 1
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Mill Farm, Mill Lane, Misterton, Crewkerne, TA18

South West

£350,000

Listed on 01/07/2026

Property details

Bedrooms
5
Type
Detached
Area
3240 sqft

Description

This is a compelling opportunity to acquire a plot with approved planning permission for the construction of a five-bedroom detached barn-style home on the outskirts of Misterton, a village well-regarded for its community atmosphere and accessibility. Encompassing two stories and benefitting from designated gardens, garaging, and parking, this site represents significant potential for investment in an area known for its picturesque countryside. The planning reference number is Somerset Council 25/00839/FUL, ensuring that the groundwork has already been laid for the development. The surrounding region offers not only scenic beauty but also ample local amenities, including shops and leisure facilities in nearby Crewkerne as well as access to major transport links. Given the desirable location close to both rural attractions and urban conveniences, this project promises to be a worthwhile venture for investors or homeowners looking to create their ideal living space.

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Investment analysis

(TA18 area)

Below Market Value

This property is priced -61.3% below area average per sq ft

-61.3%
Potential saving
This Property
£108/sq ft
Area Average
£279/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Target Value
£994,712
10% above area average per sq ft
Potential ROI
+42.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TA18)

Area prices are falling by -5.2% over the last 12 months
3 year growth: -3.3%
5 year growth: -0.6%
Investment Disclaimer: Analysis based on TA18 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

Mill Farm, Mill Lane, Misterton, Crewkerne, TA18
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,322
Based on a loan of £262,500 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

Next Steps

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