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Hollis Morgan · 21 Oct 2026 · in 2 days

Freehold development site

Horton Cross, Ilminster, TA19 9PY · South West

LiveLandFreehold

Freehold development site
Guide
£395,000
Rent a year
–
Yield on the guide
–
Payback
–
Net yield, after buying costs
🔒 With access
Likely to sell for
🔒 With access
Energy rating
D

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

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What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

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Energy rating

  1. A
  2. B
  3. C
  4. D
  5. E
  6. F
  7. G

D from the government EPC register, lodged 4 Mar 2021 (certificate 4251-8190-6629-0142-7515). Meets today's minimum for letting commercial property in England and Wales (E or better).

How it compares

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History

  • First listed on Cornerlot 11 Oct 2026.

Hollis Morgan's record

Hollis Morgan's results: included with access, £49 a month. Start with a free account.

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About the lot

Freehold land lot in Ilminster.

FREEHOLD DEVELOPMENT SITE. OUTLINE PLANNING GRANTED | 1.1 ACRES. 9 HOUSES | 6 x 4 BED | 3 x 3 BED. For sale by live online auction: ADDRESS | Development Site @ Horton Cross Ilminster, Somerset, TA19 9PY ( Land Formerly known as The Lamb Inn ) What 3 Words | ///verdict.chariots.trombone Lot Number: 43 The Live Online Auction is on Wednesday 21st October 2026 @ 12:00 Noon Registration Deadline is on Friday 16th October 2026 @ 16:00 The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can choose to bid by telephone, proxy or via your computer. Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID” The land: A Freehold parcel of land of circa 1.1 Acres in Horton Cross, Somerset, close to the A358 and A303, with Outline Planning granted in 2025 for up to 9 dwellings. Land Formerly known as The Lamb Inn. Sold with vacant possession. Tenure - Freehold Utilities, Rights & Restrictions - Please refer to the Legal Pack Flood Risk - Please refer to the Legal Pack The opportunity: DEVELOPMENT SITE | PLANNING GRANTED This 1.1 acre site has Outline planning consent for up to 9 dwellings, giving the…

Figures come from Hollis Morgan's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.