The Parks, Minehead, TA24
By Webbers Property Services
£ 375,000
Reviews
2 out of 5 stars
Webbers Property Services says ..
This mixed commercial/residential investment opportunity includes a tenanted retail unit with 566 sq ft of retail space and 234 sq ft of storage, plus a staff cloakroom. The property also features fully let bedsits and a flat, generating a total gross income of approximately £36,720 per ann...
Property Oracle says ..
The property is located in Minehead, Somerset, a town in the South West district of England. The area has a mix of property types and price points. Nearby listings show a range of apartments and houses, with prices varying significantly. The proximity to schools like St Michael’s Church of England First School and Foxes Academy (rated ‘Good’ and ‘Outstanding’ respectively by Ofsted) could be a positive factor for families. However, the lack of information regarding nearby transportation is a consideration. Based on the provided images, the property appears to be in fair condition. While some areas seem well-maintained, others show signs of wear and tear, suggesting that some level of renovation or updating might be needed. The kitchen and bathroom fixtures appear relatively basic. The property’s plot size is listed as 0.00 sqft, indicating a lack of outdoor space such as a garden. Considering the list price of £375,000 and a size of 13,490.41 sqft, the price per sqft is considerably lower than the average price per sqft in the area (£317.00). However, the significantly larger size of the property compared to the average (1,292 sqft) and its apparent need for some level of refurbishment should be factored into any assessment of value. The average house price in the area is £410,536, which is higher than the list price of this property. The lower price might be explained by the lack of a garden and the need for potential renovations. More information on the property’s condition and specifics would be needed to provide a more precise evaluation.
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
- 7
- Condition
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 13,490.41
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
- 277,751.00 £Decreased by 18.45 %
- Est sale value
- 3,952,690.13 £Decreased by 33.71 %
- Average area rental value
- 695.00 £/moDecreased by 16.57 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 3.00 %Increased by 2.39 %
- Crime Rate
- 32.00 %Unchanged by 0.00 %
Agent Activity
Webbers Property Services created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Michael'S Church Of England First School | Academy Sponsor Led | Good | 0.20 KM |
| Foxes Academy | Special Post 16 Institution | Outstanding | 0.31 KM |
| Minehead First School | Academy Converter | Requires improvement | 0.47 KM |
| Minehead Middle School | Academy Converter | Good | 1.14 KM |
| West Coast & Exmoor | Children's Centre | 1.90 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Post Office Lane | £ 147,500 | 0 | 0.00 KM |
| Wellington Square | £ 0 | 0 | 0.00 KM |
| Middle Street | £ 285,000 | 0 | 0.00 KM |
| Church Street | £ 531,990 | 0 | 0.00 KM |
| Kensington Grove | £ 350,000 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| The Parks, Minehead, TA24 | £ 375,000 | BUY | 5 / 10 | 0.00 KM |
| Millbridge Gardens, Minehead, Somerset, TA24 | £ 85,000 | BUY | 6 / 10 | 0.04 KM |
| Park Terrace, Minehead | £ 85,000 | BUY | 6 / 10 | 0.06 KM |
| Millbridge Gardens, Minehead | £ 315,000 | BUY | 7 / 10 | 0.06 KM |
| Millbridge Gardens, Minehead, Somerset, TA24 | £ 270,000 | BUY | 6 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 11 Parks Lane | £ 130,000 | 0.04 KM |
| 23 Parks Lane | £ 185,000 | 0.05 KM |
| 27 Parks Lane | £ 180,000 | 0.05 KM |
| 15 Parks Lane | £ 39,000 | 0.05 KM |
| 19 Parks Lane | £ 175,000 | 0.05 KM |