2-bedroom flat · BA4 5DL
For saleListed 115 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION Being part of a modern building of 1 & 2 bedroom apartments with parking available in Lower Lane.
Number 8 is accessed from the pavement through the communal entrance door with entry phone into the communal hallway.
Steps lead down to Lower Lane, however two steps down and two steps up (virtually ground floor) to the communal landing gives access to the apartment.
The main door leads into the entrance hall with doors to principal rooms and a useful storage cupboard.
The internal bathroom is fitted with a white suite of panel enclosed bath, wash hand basin and low level wc. There is an extractor vent and electric heater.
On this level there are two double bedrooms both benefitting from newly fitted double glazed windows. From the entrance hall steps lead up to the good-sized open plan kitchen / dining / sitting room.
The kitchen area is fitted with a range of base, drawer and wall units incorporating single drainer sink unit and work surfaces.
There is a built-in electric hob, oven, canopy, plumbing for washing machine and space for freestanding fridge / freezer. The room is large enough to accommodate a dining table, chairs and sofas.
ADDITIONAL INFORMATION Electric heating. Mains electricity, water and drainage are connected. Council Tax Band B. Leasehold information- 125 year lease from 2006.
CHARGES- Ground rent £200 per annum, Service charge of £265 pcm.
LOCATION The historic market town of Shepton Mallet is within travelling distance of the centres of Wells, Frome, Bristol and Bath, offering a range of local amenities and shopping facilities.
For those travelling by train, Castle Cary station (which has direct services to London Paddington) is situated only eight miles away.
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 Lower Lane, Shepton Mallet, BA4
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