Elmhurst Lane, Street
South West
£225,000
Listed on 10/10/2026
Listed on 10/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
1062 sqftFeatures
- Garage
- Garden
Description
This three-bedroom terraced house in Street is offered for sale by informal tender and is described as requiring full renovation. The property is being sold as seen, and the vendor has not occupied it, so buyers should make their own enquiries and arrange any surveys they consider necessary before submitting an offer. The listing also notes scope to extend, subject to planning permission and other required consents; feasibility would need to be checked independently.
Elmhurst Lane is within walking distance of Street High Street, Clarks Village, Millfield School, Strode College and Strode Theatre. Glastonbury is around two miles away and Wells around eight miles, with access to the M5 at Junction 23 approximately 12 miles away. The informal tender deadline and offer requirements should be confirmed with Holland & Odam.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
74out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £225,000, the asking price is around 28% below the local average per square foot, making this a notably cheaper entry point for a three-bedroom terrace. The dated finishes across several rooms, old-fashioned bathroom and overgrown rear garden give a buyer plenty of scope to reshape and modernise the house, with a detached garage and a walkable position near the High Street adding to its appeal.
This is a substantial project rather than a cosmetic refresh: the visible works include redecoration, assessing and likely renewing floor finishes, modernising the bathroom and clearing and improving the garden. The stated £18,000–£35,000 renovation range indicates the scale, while the garage and roof condition need checking and the listing offers no detail on the property’s condition or services. The listing also mentions possible extension potential, subject to planning and other consents, but feasibility is not established.
Key opportunities
- Acquire at a notably lower price per square foot than the local average, leaving room to create value through improvement.
- Rework the dated interior finishes and bathroom to give the three-bedroom house a more cohesive, modern feel.
- Clear and improve the rear garden, while exploring the stated extension potential subject to planning permission and necessary consents.
Key risks
- The dated finishes across several rooms, bathroom modernisation and neglected garden make this a substantial programme; the £18,000–£35,000 works range needs careful budgeting and scheduling rather than a cosmetic-refresh allowance.
- The detached garage needs inspection, roof condition is unclear, and the seller cannot provide details of the property's condition or quality.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£850
Based on a loan of £168,750 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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