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See how verdicts work2-bedroom flat · BA3 4UD
For saleReduced £10k (−5.6%) on 26 OctListed 163 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Vendors comments - "Its a cracker! It was an easy purchase for me due to its space and being located on a quiet no through road in the beautiful Mendip village of Binegar.
There is so much light and airy space and its own sunny South facing private garden. Unique and stunning!" This wonderful first floor flat makes the ideal first time purchase or buy to let.
A deceptively spacious property that is full of light and even has its own South facing garden!
Accessed through its own entrance, there is a front porch to come into before rising to the accommodation.
On the landing is a large handy storage cupboard that provides plenty of storage for coats, shoes and many other household items all before entering through the front door.
A central hallway provides access to two bedrooms, lounge, kitchen and a bathroom. Both bedrooms are a great size, with bedroom one being a large room.
Both bedrooms have the added benefit of built in storage yet have ample space for bedroom furnishings. The lounge has two large windows and natural daylight floods the room.
There is space for seating at one end and dining at the other, yet still offering comfortable accommodation.
Both kitchen and bathroom are of a modern style, with the bathroom finished in a white suite including shower over bath, w/c, hand basin and heated towel rail.
The kitchen has been finished in a white high gloss style with integrated hob and oven with space for other white good appliances.
The property is heated through high end electric ceramic radiators that are individually controlled through WIFI. There is double glazing throughout and loft access for storage.
Externally, the property is located within a quiet village setting towards the start of a cul-de-sac.
There is parking on street to front and also at the head of the cul-de-sac, yet there is the potential to create parking within the front garden for 1 vehicle.
Side access leads to an integral garden shed which has power and on further to the garden. This is an exclusive garden to the property and a great size.
Facing South sun floods the space providing a unique twist to apartment living. The area is low maintenance and laid mainly to gravel.
Binegar is a wonderful Mendip village that is located not far from the like of Wells, Shepton Mallet, Frome and Midsomer Norton.
It provides easy access to all links by A roads, yet the village itself is a quiet setting. There are two fantastic pubs in The Horse & Jockey and The George both serving food and drinks.
A real hub to the villages of Binegar and Gurney Slade! The village also has the added amenities of village shop, play park and village hall.
Public transport runs through the village linking the wider areas perfectly. Countryside walks are right on your doorstep and in abundance.
This property has been a successful rental property over the past few years with a great ROI. Agents notes: The property is Leasehold and on a 125 year lease starting 2000 (approx.
remaining 99 years). There is a Service Charge of £89 per annum, Ground Rent charge of £10 per annum and Buildings Insurance contribution of £40 per annum.
Value & comps
No previous sales on record.
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 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
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FAQ
About Dalleston, Binegar
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