Modern Method of Auction
Auction date not yet published
3-bedroom terraced house
For saleListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Situated on the outskirts of the historic harbour town of Watchet within a residential cul-de-sac close to the school & local amenities is this well presented end of terrace three bedroom family home.
The property benefits from gas central heating, front & rear gardens. Viewing is advised.
Description Situated on the outskirts of the historic harbour town of Watchet within a residential cul-de-sac close to the school & local amenities is this well presented end of terrace three bedroom family home.
The property benefits from gas central heating, front & rear gardens. Viewing is advised.
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead. Auctioneer's Comments This property is offered through Modern Method of Auction.
Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Double Glazed Front Door Leading to Entrance Hall With tiled flooring, radiator, telephone point, built in understairs cupboard, double glazed door to rear garden, staircase rising to the first floor landing, doors to Cloakroom Double glazed window to rear, wash hand basin, low level WC, tiled flooring.
Lounge 12' 11" x 11' 8" ( 3.94m x 3.56m ) Double glazed window to front overlooking the garden, fitted carpet, radiator, TV point.
Kitchen/Dining Room 12' 7" x 11' 8" ( 3.84m x 3.56m ) Double glazed window to rear overlooking the garden, a fitted range of base and wall units, worktop surfaces, inset one and one half bowl stainless steel sink unit, space for tumble dryer, space and plumbing for washing machine, integrated double oven, inset electric hob with cooker hood over, space for fridge freezer, tiled splashbacks, wall mounted Baxi gas fired boiler, tiled flooring, radiator.
First Floor Landing With fitted carpet, access to roof space, doors to Bedroom One 12' 11" max x 11' 7" max ( 3.94m max x 3.53m max ) Double glazed window to front, fitted carpet, radiator.
Bedroom Two 12' 8" max x 11' 7" max ( 3.86m max x 3.53m max ) Double glazed window to rear, fitted carpet, radiator.
Bedroom Three 8' 2" x 7' 11" ( 2.49m x 2.41m ) Double glazed window to front, fitted carpet, radiator, built in cupboard with shelving.
Bathroom Double glazed window to rear, a fitted suite comprising heated towel rail, low level WC, pedestal hand wash basin, panelled bath with shower unit and fitted shower screen, part tiled surrounds, vinyl flooring.
Outside The property enjoys gardens to the front and rear.
The front garden is bordered by picket fencing and comprises laid to lawn with mature shrubs and trees, a pedestrian gate and pathway lead to the front door.
To the rear is a good sized garden comprising laid to lawn with flower and shrub beds, small vegetable patch, a purpose-built garden room suitable for a variety of uses.
There is off road parking available in the adjacent Magna Housing Association owned residences car park which we understand our vendors have a right of access over and to park one car in.
Agents Note The property is of original steel fram construction with a brick exterior course, under a tiled roof. The property was re-roofed in 2024 and carries a 25 year guarantee. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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