Derelict Rural Property for Sale Somerset
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If you are in the market for a derelict rural property, Somerset is the place to be! Many properties available in this area have great potential for redevelopment. Somerset has something for everyone, whether you are looking for a project to keep you busy for years or want to flip a property and make a quick profit. This article will take a closer look at some of the best derelict rural properties currently on the market in Somerset.
These properties include empty lands, abandoned houses and commercial buildings, farmhouses, and traditional cottages. They sit in some of the most scenic places in the UK, with beautiful countryside views.
And while they may require some TLC, with a little elbow grease and imagination, these properties could be transformed into your dream home or vacation getaway. So if you are looking for a fixer-upper with loads of potential, take a look at these derelict rural properties currently for sale in Somerset.
How To Find Derelict Properties In Somerset
There are a few ways to go about finding derelict properties in Somerset.
You can search online for “derelict rural property for sale” or “abandoned houses for sale”. This will bring up a list of potential properties that you can research further.
Another way of finding derelict properties is to check the Somerset is to check the reputable auction houses such as Auction House Somerset, and EIG property Auctions, among others. These auctioneers regularly have sales of derelict properties sold by the local council or the government.
You can also keep an eye out for “For Sale” signs when driving around the countryside. You can always knock on the door and inquire about an abandoned property if you see it.
Types Of Derelict Properties in Somerset
Somerset has several abandoned properties ranging from vacant lands, farmhouses, abandoned houses, cottages, and commercial buildings.
These properties are dotted across the Somerset landscape, from the most accessible areas to the remotest of parts of the county. As such, it’s very important to consider the property’s location and its proximity to other amenities such as schools, hospitals, and shopping centres.
Another important factor to consider is the type of property you are interested in. For example, a derelict farmhouse will require a different approach than an abandoned commercial building.
Derelict Houses in Somerset
There are many derelict houses in Somerset that need repair or demolition. These properties are often sold as-is, which means that the buyer will be responsible for all repairs and renovations.
Derelict houses can be found in urban and rural areas, so there is a wide variety of properties. The houses consist of detached houses, semi-detached houses, bungalows, apartments, and farmhouses. The houses also vary in size from one-bedroomed houses to four-bedroom houses.
Prices of the abandoned houses also vary depending on the condition and the locations. For example, a two-bedroom detached bungalow in Spaxton will have a guide price of £175,000, while a two-bedroom retirement home in Salisbury will cost £399,000.
There are also many derelict commercial buildings in Somerset available for sale. These properties can be found in both urban and rural areas, and they come in various sizes.
The most common derelict commercial buildings are office buildings, warehouses, and retail units. These properties often need a lot of work to be brought up to code, so they are usually sold at a discount.
Derelict Traditional Cottages In Somerset
Rural Somerset is rich in traditional cottages in Bristol Road and Ilminster. These cottages come in different conditions that may require refurbishment to get their lost glory back. However, it’s wiser to demolish the cottage and set something else up in some cases.
Some of these cottages date back to the 16th century and have been part of the UK’s history. Therefore, getting your hand on these rare gems can make you part of an exclusive club that owns the traditional cottages.
One of the advantages of purchasing derelict traditional cottages is that they often don’t have stringent regulations on the planning permissions like empty lands. The cost of the traditional cottages varies depending on several factors. You’re likely to get a thatched cottage for £575,000 in Okehampton. In comparison, a semi-detached cottage in Bristol Road costs £360,000.
Derelict Farms in Somerset
Farms are a big part of the Somerset landscape, and many derelict farms are up for sale. These properties often come with a lot of land and structures like barns and cottages, which can be used for various purposes.
The most common type of derelict farms in Somerset is dairy, livestock, arable, and poultry farms. These properties often need a lot of work to be brought up to code, so they are usually sold at a discount.
A farmhouse in Bridgwater sitting on a 0.3 acre of land is likely to cost £250,000, while in Taunton is likely to cost £700,000.
Empty Lands in Somerset
There are many empty lands in Somerset that are available for sale. These properties can be found in both urban and rural areas, and they come in various sizes.
The lands can either be freehold land or leasehold lands, and these types of holding determine the price of land. Freehold lands give you full ownership. It can cost £40,000 for a 7. 5-acre vacant land in West Huntspill.
On the other hand, a leasehold land is a land you can use for a certain period as specified in the contract. The lease agreement can be for 99 years or more. In Ilminster, a 28-acre leasehold agricultural land can cost £350,000.
Derelict Property in Somerset FAQ
Are derelict properties in Somerset worth It?
The value of the derelict properties varies greatly depending on the location. You can change these properties into prime commercial or residential properties and flip them to make profits.
Does the government support flip of derelict properties in Somerset?
The government supports the flipping of derelict properties as it helps regenerate the local economy. Some government schemes include grants and loans from the local council and regulations such as compulsory purchase orders that force owners of derelict lands to sell their land.
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