Lot 1 - Former Mill Building, Silver Street, Chard, Somerset, TA20
South West
£200,000
Listed on 30/08/2026
Listed on 30/08/2026
The listing
Property details
Bedrooms
N/AType
PlotDescription
Lot 1 includes a Grade II listed former mill of six storeys, adjoining outbuildings and a hardstanding area, extending to approximately 0.29 hectares (0.71 acres) in total. The mill requires comprehensive refurbishment. The hardstanding may offer development opportunities, subject to the necessary consents. The property is offered for sale by private treaty, with unconditional offers invited.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
36out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial Grade II listed, six-storey former mill with outbuildings and around 0.29 hectares of site, offering an unusually large canvas for a major reuse project. The listing describes comprehensive refurbishment, and the hardstanding is identified as having potential for development subject to consent; the boarded or covered lower-level openings and untended areas underline the scale of the work. At £200,000, value against local £/sqf cannot yet be judged because no floor area is provided, and there is no renovation range to assess the project economics. The overall WHOTS score is therefore low, with limited evidence to judge the investment case.
Key opportunities
- Reimagine the six-storey former mill as a substantial reuse project, working with its scale and historic character.
- Explore the hardstanding and adjoining outbuildings as part of a wider site plan, with any development subject to necessary consents.
- The approximately 0.29-hectare site gives scope to consider the mill and its surrounding areas together.
Key risks
- A six-storey listed mill requiring comprehensive refurbishment, with associated outbuildings and site areas, makes this a major budget and programme commitment rather than a cosmetic refresh.
- Some lower-level window openings appear boarded or covered; the exterior-only images do not establish the building's detailed fabric or roof condition.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£756
Based on a loan of £150,000 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.
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