3-bedroom house · TA11 6AX
Listing removedListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shared ownership 25% share Three bedroom house available to purchase from a 25% share from £65000 with a minimum 5% mortgage deposit. Call today to arrange your appointment to view.
Viewings 28th April 3.00 - 5.00- call for an appointment A very well presented three bedroom terrace house in the sought after town of Somerton.
The property features a light and airy living space with a modern kitchen/diner and an open living room ideal for relaxing or entertaining, and a downstairs cloakroom.
Upstairs, you will find three well-sized bedrooms and a family bathroom. Perfect for a small family or professionals.
Externally the house benefits from an allocated parking space, ensuring easy off-road parking, and terraced garden.
The property offers easy access to Somerton which is an historic town with a full range of shops and amenities with numerous transport links to nearby towns and cities. Viewing by appointment only.
Please note, to be eligible for this property you must be in need of Affordable Housing and have a strong location connection with the District of South Somerset.
For more information on the qualifying criteria contact Full Market Value: £260,000 25% Share Price: £65,000 If you buy a 25% share, the share purchase price will be £65000 and the rent will be - Rent on un-owned share £559.21 pcm Service Charge £24.65 pcm Buildings Insurance £15.64 pcm Live West Management Charge £13.33 pcm Total monthly payment excluding rent £53.62 (these are subject to change during the purchase process) Reservation Fee £500 You may purchase a higher share should you qualify to.
*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment.
With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase.
The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.
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
Agent & docs
FAQ
About 11, Pippin Road, Somerset
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