Cocklake, Wedmore, BS28
CO

Cocklake, Wedmore, BS28

By Cooper & Tanner

£ 625,000

Reviews

3 out of 5 stars

Cooper & Tanner says ..

An exceptional plot with breath-taking panoramic views to The Mendips, with two detached, agricultural buildings benefitting from prior approval for conversion into two substantial dwellings. Additional adjoining land by separate negotiation.

Property Oracle says ..

This property in Cocklake, Wedmore presents a unique opportunity for a buyer looking for a development project in a rural setting. The property consists of a plot of land with several agricultural buildings, the majority of which are in need of extensive refurbishment. The structures are visibly aged, with signs of deterioration to roofing and general wear and tear evident in the aerial photography. The location offers scenic views and a tranquil rural environment. While the village of Wedmore offers some amenities, prospective buyers will need to consider the distance to larger towns for more extensive services and transportation links. The nearby schools are a positive aspect, but their distance needs to be factored into the decision-making process for families. The property’s value lies primarily in the substantial plot of land and the potential for creating a substantial dwelling (or dwellings) after significant investment in renovation or new construction. The price of £625,000 needs careful consideration, with potential buyers needing to factor in the high cost of bringing the existing structures up to a habitable standard. Overall, this property is best suited to a buyer with development experience, a significant budget for renovation, and a preference for a rural lifestyle.

Therefore, we give this property 6 / 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
8
Bedrooms
0
Bathrooms
0
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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
715,997.00 £
Increased by 7.02 %
from 669,048.00 £
Average area rental value
1,700.00 £/mo
Increased by 29.77 %
from 1,310.00 £/mo
Est rental Yield
2.85 %
Increased by 21.28 %
from 2.35 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Cooper & Tanner created the listing.

Nearby Schools

NameTypeOfstedDistance
Wedmore First School AcademyAcademy ConverterGood3.00 KM
The Kings Of Wessex AcademyAcademy ConverterGood4.34 KM
Cheddar BuildingChildren's Centre Linked Site4.52 KM
Cheddar First SchoolAcademy Converter4.54 KM
Fairlands Middle SchoolAcademy Converter4.91 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Barrow's Drove £ 000.00 KM
Hill Lane £ 000.00 KM
Eastfield Lane £ 000.00 KM
Comer Road £ 342,50000.00 KM
Browns Lane £ 735,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Cocklake, Wedmore, BS28 £ 625,000BUY6 / 100.00 KM
Cheddar Road, Cocklake, Wedmore, BS28 £ 1,195,000BUY7 / 100.81 KM
Bartletts Bridge, Cocklake, Wedmore, Somerset, BS28 £ 595,000BUYUnknown1.02 KM
Cheddar Road, Wedmore, BS28 £ 750,000BUYUnknown1.04 KM
Cheddar Road, Wedmore, BS28 £ 200,000BUYUnknown1.19 KM

Nearby Properties

AddressPriceDistance
Cheddar Road Farm House £ 695,0000.82 KM
Willow House £ 385,0000.94 KM
River House £ 400,0000.96 KM
Bartletts Barn £ 382,0000.96 KM
The Paddocks £ 1,050,0000.97 KM