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Development Site | Planning | Ilminster - Image 1
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Development Site | Planning | Ilminster

South West

£395,000Guide Price

Listed on 06/09/2026

The listing

Property details

Bedrooms
33
Type
Plot

Description

This freehold development site spans approximately 1.1 acres and is located in Horton Cross, Somerset. With outline planning permission granted for a scheme of up to nine houses, including six four-bedroom and three three-bedroom homes, this property presents an excellent investment opportunity. The site, formerly known as The Lamb Inn, is conveniently situated near the A358 and A303, providing easy access to local amenities and the vibrant market town of Ilminster, which lies less than three miles to the east. The planning consent allows for flexibility in design through the Reserved Matters Application process, enabling prospective buyers to tailor the development to their specifications. The surrounding area boasts a strong community with essential facilities such as a post office, primary school, and local eateries. Additionally, the picturesque Blackdown Hills, designated as an Area of Outstanding Natural Beauty, offer ample opportunities for outdoor activities. This property is sold with vacant possession, making it an attractive proposition for developers looking to capitalize on the growing demand for housing in this desirable location.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

45out of 100
Grade ELow opportunity

Confidence: LOW

This development site is an intriguing opportunity, particularly with its outline planning consent for building up to nine houses—a mix of six 4-bed and three 3-bed units. Priced at £395,000, the asking figure is below the local average, making it a competitive entry point into a sought-after area. The 1.1-acre plot allows for creativity in design, giving you the chance to tailor the development to market demand.

While the economics score is limited due to insufficient data, the potential for value creation is evident. The location near Horton Cross and its community amenities, combined with access to major roads, enhances its appeal. Though the project is subject to necessary consents, the groundwork has been laid for a rewarding venture in a thriving area. This could be a great chance for developers looking to capitalize on a prime piece of land with planning already in place.

Key opportunities

  • Outline planning consent for up to 9 dwellings, allowing for tailored development.
  • Competitive entry price below local average, enhancing investment potential.
  • Location in a sought-after area with community amenities and access to major roads.

Key risks

None recorded.

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Map

Location

Development Site | Planning | Ilminster
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,492
Based on a loan of £296,250 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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

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