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South West
£225,000Guide Price
Listed on 06/10/2026
Listed on 06/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This semi-detached house in Mere presents a compelling opportunity for those looking to invest in a renovation project. With an asking price of £225,000, this property is priced significantly below the local average at £231/sqf compared to £324/sqf, making it an attractive buy for investors seeking value. The house offers a generous rear garden and a layout that can be reconfigured to modern standards, which adds to its potential.
However, the property requires substantial refurbishment, as evidenced by the dated interiors and general wear throughout. The kitchen and bathroom are in need of updates, and the living areas and bedrooms will also require redecoration. This heavy scale of renovation suggests a budget of £10,000 to £30,000 will be necessary to bring it up to contemporary standards, making this a full-gut programme rather than a cosmetic refresh. Despite the work needed, the location and price point provide a solid foundation for a valuable investment.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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
Indicative tax based on the asking price and the options you select.
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