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See how verdicts work2-bedroom flat · TA21 9HB
For saleReduced £31k (−23.8%) on 27 OctListed 201 days
Opportunity summary
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About
A larger than average 2 bedroom second floor retirement apartment located close to Wellington town centre and local amenities. Offered to the market with NO ONWARD CHAIN.
Residents have use of a delightful and well-tended communal garden, residents lounge with kitchen, laundry room, guest suite for visitors (by arrangement) and a residential House Manager.
There are a number of social activities on offer should residents wish to participate.
The apartment itself comprises its own front door leading into the entrance hallway where immediately you will notice the light and airy feel of the property.
There are three useful built in storage cupboards, with one housing the hot water cylinder, and doors to the principal rooms.
The sitting room is a generous size with ample space for furniture with an arch opening through to the adjoining dining room which could provide an incoming buyer with a multitude of uses.
A door from the sitting room leads to the kitchen which comprises a range of modern wall and base units and complementary work surfaces with an integrated eye level oven, hob and space for a fridge/freezer.
The sleeping accommodation comprises bedroom one, a good size double with an emergency pull cord system, alongside bedroom two which is ideal as a guest bedroom, home office or hobbies room.
Both bedrooms are serviced by the shower room with a large walk in shower unit, alongside a low level WC, hand wash basin and emergency pull cord.
Outside, there is an attractive approach to the development with some resident and visitor parking and beautifully tended gardens, well stocked with a variety of mature flower and shrub borders.
There are a number of seating areas and a lit pathway through towards the town centre and all of the local amenities on offer.
LEASE AND CHARGES The property is leasehold with a lease of 99 years from 31st September 1993.
Occupants must be 60 years of age or over and have obtained the Estate Manager's approval for residency.
The Service Charge is £366.41 per calendar month and includes the pull-cord emergency-alert system, Estate Manager services, management fee, window cleaning to the exterior, maintenance and insurance of the buildings and gardens.
Upon re-sale of the property the vendor is liable to pay back into the sinking fund a contribution calculated at 1.5% per annum of the original purchase price for the years owned.
This information is correct as of February 2026.
LOCATION Priory Court is a short stroll from Wellington town centre and its amenities which include a good range of both independently run shops and larger national stores such as the well renowned Waitrose.
There is a regular bus service to the County Town of Taunton which is approximately 7 miles distant with an excellent main line railway station.
Junction 26 of the M5 is within 2 miles of Priory Court, providing swift access to Exeter, Taunton and Bristol.
DIRECTIONS From our Wellington town centre office proceed in the Taunton direction.
After St John's Parish Church take the first turning right into Priory and then the first turning left into Priory Gardens; Priory Court can be found towards the end on the left hand side.
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.
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FAQ
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