Welshmill Lane, Frome
LE

Welshmill Lane, Frome

By Lewisgray

£ 325,000

Reviews

3 out of 5 stars

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 The images show outdated interior finishes and features that are likely to demand considerable investment.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 %
from 361,433.00 £
Est sale value
435,616.80 £
Increased by 38.69 %
from 314,102.64 £
Average area rental value
1,134.00 £/mo
Increased by 19.24 %
from 951.00 £/mo
Est letting value
1,146.36 £/mo
from 0.00 £/mo
Est rental Yield
4.81 %
Increased by 52.22 %
from 3.16 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • Lewisgray marked this listing as sold.

  • Lewisgray created the listing.

Nearby Schools

NameTypeOfstedDistance
St Louis Catholic Primary School, FromeVoluntary Aided SchoolGood0.10 KM
Vallis First SchoolCommunity SchoolGood0.14 KM
Avanti Park SchoolFree Schools0.63 KM
Wessex Lodge SchoolOther Independent Special SchoolGood0.65 KM
St John'S Church Of England Voluntary Aided First School, FromeVoluntary Aided SchoolGood0.85 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Dyers' Close Lane £ 000.00 KM
High Street £ 200,00000.00 KM
Sheppard's Barton £ 000.00 KM
Castle Court £ 000.00 KM
Morgan's Lane £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Frome5707FRO1.79 KM

Nearby Listings

AddressPriceTypeScoreDistance
Whatcombe Road, Frome £ 175,000BUY6 / 100.09 KM
West End, Frome £ 350,000BUY7 / 100.14 KM
Weylands, Frome £ 40,000BUY5 / 100.14 KM
Weylands, Frome, BA11 £ 279,000BUY6 / 100.14 KM
Milk Street, Frome, BA11 £ 450,000BUY7 / 100.17 KM

Nearby Properties

AddressPriceDistance
2 Jubilee Terrace £ 100,0000.05 KM
5 Jubilee Terrace £ 199,9500.05 KM
3 Jubilee Terrace £ 112,5000.05 KM
The Coach House £ 915,0000.06 KM
6 Welshmill Lane £ 146,5000.06 KM