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Land To The Rear Of, 27-28 Cornhill TA6 - Image 1
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Land To The Rear Of, 27-28 Cornhill TA6 - Image 3

Land To The Rear Of, 27-28 Cornhill TA6

South West

£200,000
Listed on 01/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a significant development opportunity in the heart of Bridgwater, offering the potential to replace an existing single-storey building with either four Houses in Multiple Occupation (HMOs) comprising 24 individual rooms or a modern block of eight flats. Previous planning permissions were granted for both developments, although they have since lapsed, providing a blank canvas for new applications. The site is conveniently located near King Square and is well-connected to local amenities, making it attractive for future tenants, particularly those employed at Hinkley Point C Power Station, located just 11 miles away. With all necessary services available nearby, this freehold property stands as an ideal investment in a growing town that benefits from increasing employment opportunities and accessibility via mainline rail and motorway links. Interested parties are encouraged to conduct their own assessments regarding planning and construction feasibility.

Investment Analysis

(TA6 area)
Area Average
£274/sq ft
Avg Rent (weekly)
£261
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (TA6)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 0.8%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on TA6 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

Land To The Rear Of, 27-28 Cornhill TA6
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE