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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Metrics Year-on-Year
- Average area value
- 715,997.00 £Increased by 7.02 %
- Average area rental value
- 1,700.00 £/moIncreased by 29.77 %
- Est rental Yield
- 2.85 %Increased by 21.28 %
- Crime Rate
- 9.00 %Unchanged by 0.00 %
Agent Activity
Cooper & Tanner created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Wedmore First School Academy | Academy Converter | Good | 3.00 KM |
The Kings Of Wessex Academy | Academy Converter | Good | 4.34 KM |
Cheddar Building | Children's Centre Linked Site | 4.52 KM | |
Cheddar First School | Academy Converter | 4.54 KM | |
Fairlands Middle School | Academy Converter | 4.91 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Barrow's Drove | £ 0 | 0 | 0.00 KM |
Hill Lane | £ 0 | 0 | 0.00 KM |
Eastfield Lane | £ 0 | 0 | 0.00 KM |
Comer Road | £ 342,500 | 0 | 0.00 KM |
Browns Lane | £ 735,000 | 0 | 0.00 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Cocklake, Wedmore, BS28 | £ 625,000 | BUY | 6 / 10 | 0.00 KM |
Cheddar Road, Cocklake, Wedmore, BS28 | £ 1,195,000 | BUY | 7 / 10 | 0.81 KM |
Bartletts Bridge, Cocklake, Wedmore, Somerset, BS28 | £ 595,000 | BUY | Unknown | 1.02 KM |
Cheddar Road, Wedmore, BS28 | £ 750,000 | BUY | Unknown | 1.04 KM |
Cheddar Road, Wedmore, BS28 | £ 200,000 | BUY | Unknown | 1.19 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
Cheddar Road Farm House | £ 695,000 | 0.82 KM |
Willow House | £ 385,000 | 0.94 KM |
River House | £ 400,000 | 0.96 KM |
Bartletts Barn | £ 382,000 | 0.96 KM |
The Paddocks | £ 1,050,000 | 0.97 KM |