4 Bed Terraced House, Cash/Bridging Only, Wincanton, BA9 9JQ, £400,000

High Street, Wincanton, Somerset, BA9 9JQ - 3 views - 5 months ago

Cash
~338 m²

ValuationFair Value

Sold Prices£195K - £525K
Sold Prices/m²£2.1K/m² - £3.9K/m²

 

 

Square Metres

~338.10 m²
Price/m²£1.2K/m²

Value Estimate

£404,000

 

 

End Value (After Refurb)

£958,487

Uplift in Value

+140%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£137,005

Bridging Loan Interest

£10,500

Total Cash In

£280,455

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£958,487

Agent Fees (1%)

£9,585

Bridging Loan

£300,000

Bridging Loan Interest

£10,500

Flip Profit

£368,447

Local Sold Prices

28 sold prices from £195K to £525K, average is £342.5K. £2.1K/m² to £3.9K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£373K10/220.1 mi3, Gennes Grove, Wincanton, Somerset BA9 9NU4
£432K11/200.11 mi67, High Street, Wincanton, Somerset BA9 9JZ4
£425K12/220.12 mi2, Les Rosiers Grove, Wincanton, Somerset BA9 9NT4
£195K05/210.15 mi16, Church Walk, Wincanton, Somerset BA9 9FG4
£270K04/210.25 mi2, Linden Cottages, Wincanton, Somerset BA9 9BD4
£435K10/220.27 mi11, Eastfield Road, Wincanton, Somerset BA9 9LT4
£375K04/210.27 mi13, Eastfield Road, Wincanton, Somerset BA9 9LT4
£280K01/210.3 mi127, Cale Way, Wincanton, Somerset BA9 9DB4
£320K02/210.31 mi1, Southgate Drive, Wincanton, Somerset BA9 9ES4
£281K06/210.31 mi32, Greenway Close, Wincanton, Somerset BA9 9RH4
£275K06/220.33 mi15, Rickhayes, Wincanton, Somerset BA9 9BH4
£280K06/230.33 mi5, Rickhayes, Wincanton, Somerset BA9 9BH4
£285K06/210.35 mi1, Orchard Close, Wincanton, Somerset BA9 9RL4
£372.5K06/230.39 miPenn Hill House, 1a, Penn View, Wincanton, Somerset BA9 9NE4
£322K09/220.43 mi10, Blackmore Chase, Wincanton, Somerset BA9 9SD4
£450K11/220.46 miUplands, Balsam Lane, Wincanton, Somerset BA9 9HZ4
£400K01/230.46 miBeeches, Balsam Lane, Wincanton, Somerset BA9 9HZ4
£390K10/220.47 mi9, Grants Close, Wincanton, Somerset BA9 9NS4
£415K04/230.47 mi30, Grants Close, Wincanton, Somerset BA9 9NS4
£322.5K02/210.51 mi2, Cambria Villas, Bayford, Wincanton, Somerset BA9 9NG4
£229.9K12/200.64 mi68, Crocker Way, Wincanton, Somerset BA9 9FY4
£265K05/210.64 mi58, Crocker Way, Wincanton, Somerset BA9 9FY4
£299.5K09/210.64 mi82, Crocker Way, Wincanton, Somerset BA9 9FY4
£362.5K06/210.64 mi141, Atkins Hill, Wincanton, Somerset BA9 9FZ4
£430K09/220.64 miField View, Dancing Lane, Wincanton, Somerset BA9 9DE4
£390K11/200.64 miVilletta, Dancing Lane, Wincanton, Somerset BA9 9DE4
£317K01/210.68 mi70, Atkins Hill, Wincanton, Somerset BA9 9GA4
£525K02/210.96 miHome Lea, Love Lane, Bayford, Wincanton, Somerset BA9 9NW4

Local Rents

11 rents from £895/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,75010/230.15 mi-4
£1,10003/240.2 miChurchfield, Wincanton, Somerset, BA93
£1,60003/240.27 miGreenway Close, Wincanton4
£1,30010/240.31 mi-3
£89503/240.46 miVale View Gardens, Wincanton, Somerset, BA93
£97503/240.48 miPeach Pie Street, Wincanton3
£1,40003/240.65 miCrocker Way, Wincanton, Somerset, BA94
£1,35004/240.65 miCrocker Way, Wincanton, Somerset, BA94
£95006/240.79 mi-3
£1,50004/241.07 miBruton Road, Charlton Musgrove, Wincanton4
£1,30005/241.07 miBruton Road, Charlton Musgrove, Wincanton4

Local Area Statistics

Population in BA9

7,197

Population in Wincanton

7,201

Town centre distance

0.23 miles away

Nearest school

0.10 miles away

Nearest train station

3.86 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Price changed to £400,000

January 27, 2025

Listed for £500,000

December 12, 2024

Floor Plans

Description

  • Period townhouse +
  • Mix of residential and commercial +
  • Four floors +
  • Four double bedrooms +
  • Two bathrooms +
  • Huge sitting room +
  • Kitchen +
  • Large cellar +
  • Small detached garden +
  • Commercial space +

* DRAFT *

One of Wincanton's most historic and iconic properties - situated in the Market Place in central Wincanton.

This wonderfully handsome, unique, grade II listed property is one of the icons of the town - a former coaching inn and bearing a Royal Coat of Arms as Queen Victoria stayed there as a child - so with wonderful royal connections too!

Situated in the very heart of this Somerset town and just a few miles from both Bruton and Castle Cary - with its mainline station - amongst artisan bakeries, coffee shops, boutiques, and lovely independent shops - a potential new owner would be buying in to the towns growing and coveted out-and-about cafe culture.

The flexible accommodation is used by the current owners as retail shop, art gallery and studio but there would be many uses for the property (subject to the usual planning consents). Our vendor has explored the possibility of converting the property to a four-room bed and breakfast. Or perhaps retail, workshop, nursery, restaurant, dentist, doctor, candlestick maker! The list is endless! On the ground floor there are two 'units' - one commercial and one residential. These could be used or rented out with an excellent income potential. To the rear there is a utility space.

On the first floor there is a c.41' drawing room with windows to the front giving light and warmth to this fantastic space. There is an open plan kitchen area suggesting the possibility of a great entertaining space - commercially or as a great family room. There is a bedroom and bathroom on this floor too.

Upstairs again and you will find three double bedrooms, filled with light. The master bedroom has an ensuite. There is also another bathroom.

Going back to the ground floor, from the entrance hallway there is a trap door to a substantial cellar - which I am sure has many tales to tell! This also houses the gas central heating boiler.

Outside the property has one parking space and a truly delightful secret garden, detached from the property but none the less a great place to escape with a book!

Our vendor has explored the possibility of converting the property to a four-room bed and breakfast.

AGENTS NOTE: THE POSTCODE AND PHOTOGRAPHS DO NOT SHOW THE PROPERTY. IF YOU WOULD LIKE FURTHER INFORMATION PLEASE CONTACT THE OFFICE.

* Tenure: Freehold
* Council Tax Band: E
* Local Council: Somerset Council
* Listed Building: Grade II
* EPC: N/A
* Utilities and Similar: Mains electricity, mains gas, mains water, and mains drainage
* Cash Buyers Only

Agent Details

Hunter French, Wincanton

01963 401325

Next Steps?

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