Oakridge Lane, Winscombe
LA

Oakridge Lane, Winscombe

By Laurel & Wylde

£ 775,000

Reviews

2 out of 5 stars

Laurel & Wylde says ..

*** A COMPLETELY UNIQUE AND RARE OPPORTUNITY TO AQUIRE THIS PERIOD DETACHED PROPERTY THAT IS CURRENTLY SPLIT INTO TWO (MEADOWSIDE AND KIDBOROUGH COTTAGE) *** PREVIOUSLY USED AS BOARDING HOUSE FOR AN INDEPENDENT SCHOOL *** HUGE SURROUNDING PLOT *** MASSIVE OPPORTUNITY TO DEVELOP AND CONVERT INTO O...

Property Oracle says ..

This property on Oakridge Lane, Winscombe, is a unique offering in the North Somerset market. It’s a period detached house with five bedrooms and two bathrooms, currently divided into two properties. The listing highlights the significant surrounding plot and the potential for development and conversion. The location is attractive, close to Sidcot School, with Winscombe’s amenities within reasonable reach. Yatton railway station is approximately 8.68 km away, although public transport links aren’t extensive in this rural area.

The property’s condition appears to be mixed. The exterior is characteristic of its period, but some parts could benefit from repairs and maintenance. The interior images reveal that most of the areas appear dated and require modernising. The kitchens and bathrooms are in particular need of an upgrade.

The amount of land is considerable, and it is also possible that it exceeds what is typically offered with similar properties in the immediate area. However, the images indicate the presence of both a garden and a separate yard, which has obvious potential for development and extension, in addition to the overgrown land visible in the aerial shots.

Considering the list price of £775,000, it’s essential to weigh up the costs of potential renovations alongside the value of the land and its redevelopment potential. The asking price is higher than some nearby houses, with the nearest comparable properties not having the same extensive plot. However, the potential for modernisation and its size should support the asking price, assuming there are no unforeseen structural problems. A professional survey would be crucial to assess all aspects and ensure the price accurately reflects the property’s true market value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
5
Bedrooms
5
Bathrooms
2
Sqft (est)
2,795.70
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Leaflet © OpenStreetMap contributors

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
740,833.00 £
Increased by 11.45 %
from 664,697.00 £
Est sale value
1,428,602.70 £
Decreased by 65.47 %
from 4,137,636.00 £
Average area rental value
1,310.00 £/mo
Decreased by 18.12 %
from 1,600.00 £/mo
Est letting value
0.00 £/mo
Decreased by 100.00 %
from 8,387.10 £/mo
Est rental Yield
2.12 %
Decreased by 26.64 %
from 2.89 %
Crime Rate
23.00 %
Unchanged by 0.00 %
from 23.00 %

Agent Activity

  • Laurel & Wylde marked this listing as sold.

  • Laurel & Wylde created the listing.

Nearby Schools

NameTypeOfstedDistance
Sidcot SchoolOther Independent School0.06 KM
Winscombe Primary SchoolAcademy Converter1.03 KM
Sandford Primary SchoolAcademy Converter2.31 KM
Shipham Church Of England First SchoolAcademy Converter2.47 KM
Churchill Academy & Sixth FormAcademy ConverterOutstanding2.83 KM

Images

Meadowside - Outside.jpg DJI_0852.jpg Reception Room One Kitchen 1 Second Kitchen 20240624_150307.jpg Reception Room Two Bedroom Bedroom/Sitting Room Main Bedroom Area Pantry Bedroom Bedroom Bedroom Bedroom Family Bathroom Outside

Nearby Streets

NameAverage PriceAverage SqftDistance
Bristol Road £ 545,00000.00 KM
Oak Road £ 560,00000.00 KM
Guernsey Road £ 432,50000.00 KM
Somerville Road £ 326,66700.00 KM
Orchard Drive £ 450,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Yatton3392YAT8.68 KM

Nearby Listings

AddressPriceTypeScoreDistance
Oakridge Lane, Winscombe £ 775,000BUY5 / 100.00 KM
Bristol Road, WINSCOMBE, North Somerset, BS25 £ 545,000BUYUnknown0.33 KM
Oakridge Close, Winscombe, BS25 £ 650,000BUYUnknown0.37 KM
Oakridge Lane, Winscombe, BS25 £ 775,000BUYUnknown0.40 KM
Bridgwater Road, Sidcot, Nr Winscombe, Somerset, BS25 £ 50,000BUYUnknown0.55 KM

Nearby Properties

AddressPriceDistance
Myrtle Cottage £ 370,0000.18 KM
The Barn £ 388,3440.18 KM
Bird Rock Cottage £ 352,5000.18 KM
Ye Olde South Barn £ 360,0000.21 KM
The Cottage £ 318,0000.33 KM