4-bedroom detached house · BA3 5XE
For saleListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
"A detached house in need of full renovation and occupying a large level plot measuring approximately 3/4 of an acre. There is enormous potential here, to create something quite special".
Constructed of natural stone and thought to date back to the early 1800's this property was originally a pair of farm worker cottages with an additional cottage added in 1860 by a George Hobbs a local builder at that time.
Purchased in 1966 by the current owners, the property was the subject of major alterations during this time where two of the cottages were converted to one dwelling and the other part of the building turned into a garage with loft store above, as it is now.
Internally the property provides an entrance hallway, a lounge, dining room and kitchen on the ground floor. On the first floor are four bedrooms and a bathroom.
The grounds to the property are approached via a private lane shared with a neighbouring farm, this lane merges into a gravelled private drive providing parking for several vehicles and leads to the attached garage which has power, lighting, an up and over door to front and ladder leading to a first-floor storage area.
The grounds of the property have mature trees, and lawns which will require cultivation, all adjoin open countryside and farmland.
The nearest amenities to the house are in Norton St Philip which is just over two miles in distance and provides a co-operative store, two public houses The George Inn & The Fleur De Lys both historically renowned, also there is a village cricket team and Norton St Philip C of E first school.
The city centre of Bath is an easy commutable 10 miles. We are advised there is mains electric, and water connected. Septic tank drainage which will require replacement. No mains gas is available.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Orestone Cottage, Faulkland
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