Development Site at Viney Bridge Mills, South Street, CREWKERNE, Somerset, TA18 8AE

Description

Grade II listed former textile mill on circa 2.8 acres of grounds Planning for part conversion & new build - 46 high quality homes Unique residential development in historic market town Tenure Freehold Location Ideally situated on the edge of the market town of Crewkerne, the site is within walking distance of the town centre which offers a range of independent shops, supermarkets, cafés and everyday amenities. Crewkerne railway station is within walking distance, providing direct links to London Waterloo and Exeter. The area is also well served by local bus routes and convenient road connections via the A30 and A356. Description This Grade II listed former textile mill occupies circa 2.8 acres of grounds and is being offered with full planning permission granted for the sympathetic conversion of the existing buildings into 30 dwellings offering a mix of 1, 2, 3 & 4 bedroom homes along with 16 new build dwellings offering a mix of 3 and 4 bedroom family homes. This site offers an excep

Location

Property located at Development Site at Viney Bridge Mills, South Street, CREWKERNE, Somerset, TA18 8AE.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £75,000–£200,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

Recommendation

Preferred strategy: Commercial Refurbishment / Re-Let. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Commercial Income: ★★★★☆

Development: ★★☆☆☆

Flip: ★★☆☆☆