The Old Mill, Watchet
The Old Mill, Watchet
Description & Estimates
The Old Mill, Watchet is described in the public record as a period house with 1,765 ft2 of internal area, sitting on a 113 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of The Old Mill, Watchet is £411,459 and its rental estimate is £1,578 per month, given the available information and assuming reasonable condition.
Mill Lane, Watchet, TA23 falls within the TA23 postal district.
Our Data Sources
The Old Mill, Watchet has no recent1 records in the the Land Registry and a single entry in the EPC database dated August 2017.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For The Old Mill, Watchet, we estimate a market value of £432,032 and a rental value of £1,657 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £382,657 and £1,468 per month respectively.
Recent Market Change
Over the last year, The Old Mill, Watchet has seen its estimated sale value move down by £6,283 (1.5%) and its estimated rental value increase by £49 per month (3.1%). This results in an estimated gross rental yield of 4.6%.
Plot Size
HM Land Registry records the plot of land for The Old Mill, Watchet as measuring 113 m2.
That makes it the largest plot in the postcode, where 2 of the 3 other houses have recorded plot data.
Energy Efficiency
The Old Mill, Watchet has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Aug 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of The Old Mill, Watchet completed on 17th September 2002 at £215,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
- Sold Sep 2002£215,000
- Sold Jun 1995£56,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to The Old Mill, Watchet have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th November 2023, was 4 St. Decumans Heights, St. Decumans Road, Watchet, TA23 0FL, a freehold house which sold for £500,000.
Read more about house prices in TA23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 7 addresses on Mill Lane, Watchet, TA23, The Old Mill, Watchet comes out as the largest and the 2nd most expensive in our analysis of the public data.
It is also £148k more expensive than the average property across the TA23 district.
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Schools Nearby
- 900mKnights Templar Community Church School & Nursery
- 1.9kmSt Peter's Church of England First School
- 3.1kmOld Cleeve Church of England First School
- 9.2kmWest Somerset College
- 16.0kmKingsmead Academy
- 18.0kmBrymore Academy
More reading links
Public Transport Nearby
From The Old Mill, Watchet, the nearest station is Rhoose Cardiff International Airport, 22.8 kilometres away.
- 22.8kmRhoose Cardiff International Airport
- 23.7kmBarry Island
- 23.8kmTaunton
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
