Lewisgray says ..
This individual detached bungalow was built in the 1950`s and occupies a large plot and is situated in this popular area close to local shops and within a short stroll along Westend into the town centre. The property is being sold in need of modernisation and refurbishment throughout and offers....
Property Oracle says ..
This three-bedroom detached bungalow located on Welshmill Lane in Frome, Somerset, presents a compelling investment opportunity. The property is situated in a popular residential area close to local shops and a short distance from the town centre, offering easy access to amenities. Several highly-rated primary schools are within a short distance. While the railway station is approximately 1.79km away, it provides access to the rail network.
However, the property requires significant modernisation and refurbishment. The images show outdated interior finishes and features that are likely to demand considerable investment. Potential buyers will need to factor this expense into their purchase decision. The existing garden appears to be of good size, offering potential for further development and landscaping.
The asking price of £325,000 appears to be in line with the local market, with certain properties on nearby streets showing a higher value. However, a full evaluation, including a survey, is strongly recommended to determine any structural issues or hidden costs. Ultimately, this property’s value lies in its potential for improvement and desirable location. The extent of the required work will be the major determinant in its overall financial viability for any prospective purchaser.
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
- 7
- Condition
- 4
- Location
- 7
- Land
- 6
- Bedrooms
- 3
- Bathrooms
- 1
- Sqft (est)
- 1,146.36
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
- 283,000.00 £Decreased by 21.70 %
- Est sale value
- 435,616.80 £Increased by 38.69 %
- Average area rental value
- 1,134.00 £/moIncreased by 19.24 %
- Est letting value
- 1,146.36 £/mo
- Est rental Yield
- 4.81 %Increased by 52.22 %
- Crime Rate
- 8.00 %Unchanged by 0.00 %
Agent Activity
Lewisgray marked this listing as sold.
Lewisgray created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Louis Catholic Primary School, Frome | Voluntary Aided School | Good | 0.10 KM |
| Vallis First School | Community School | Good | 0.14 KM |
| Avanti Park School | Free Schools | 0.63 KM | |
| Wessex Lodge School | Other Independent Special School | Good | 0.65 KM |
| St John'S Church Of England Voluntary Aided First School, Frome | Voluntary Aided School | Good | 0.85 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Dyers' Close Lane | £ 0 | 0 | 0.00 KM |
| High Street | £ 200,000 | 0 | 0.00 KM |
| Sheppard's Barton | £ 0 | 0 | 0.00 KM |
| Castle Court | £ 0 | 0 | 0.00 KM |
| Morgan's Lane | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Frome | 5707 | FRO | 1.79 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Whatcombe Road, Frome | £ 175,000 | BUY | 6 / 10 | 0.09 KM |
| West End, Frome | £ 350,000 | BUY | 7 / 10 | 0.14 KM |
| Weylands, Frome | £ 40,000 | BUY | 5 / 10 | 0.14 KM |
| Weylands, Frome, BA11 | £ 279,000 | BUY | 6 / 10 | 0.14 KM |
| Milk Street, Frome, BA11 | £ 450,000 | BUY | 7 / 10 | 0.17 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 2 Jubilee Terrace | £ 100,000 | 0.05 KM |
| 5 Jubilee Terrace | £ 199,950 | 0.05 KM |
| 3 Jubilee Terrace | £ 112,500 | 0.05 KM |
| The Coach House | £ 915,000 | 0.06 KM |
| 6 Welshmill Lane | £ 146,500 | 0.06 KM |