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Strode Way, Shepton Mallet

South West

£279,950

Listed on 22/07/2026

Property details

Bedrooms
3
Type
Detached
Area
2465 sqft

Description

This unique cottage, originally a barn, presents a valuable opportunity for renovation and investment. While it is currently in need of modernization, its location offers great potential, being within walking distance of local amenities and adjacent to a cycle path that will soon enhance connectivity to Wells and beyond. The property includes a spacious garage/workshop and additional outbuildings, amplifying its potential for various uses. The layout consists of a welcoming lounge/snug area, dining space, kitchen, bathroom, and three bedrooms. With gas central heating and double glazing already in place, the core structure offers a solid foundation for improvements. Externally, there is a courtyard garden alongside parking facilities. This property is being sold with no onward chain, making it an ideal prospect for those looking to create their dream home or invest.

Investment analysis

(BA4 area)

Below Market Value

This property is priced -63.1% below area average per sq ft

-63.1%
Potential saving
This Property
£114/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£267
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£834,464
10% above area average per sq ft
Potential ROI
+145.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (BA4)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -9.1%
5 year growth: +9.6%
Investment Disclaimer: Analysis based on BA4 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

Strode Way, Shepton Mallet
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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
£1,058
Based on a loan of £209,962 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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