Modern Method of Auction
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See how verdicts work2-bedroom flat · BS23 1JT
For saleListed 505 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Saxons are please to offer to the market this well presented centrally located ground floor flat.
In brief communal entrance hall servicing 3 flats, entrance hall, cloakroom, 25ft x 10ft open plan living area, two bedrooms with `Jack and Jill` Bathroom in between.
To the rear of the property you will find a very useful parking space. Also benefiting uPVC double-glazing and gas central heating. There is currently a tenant in place paying 750PCM.
Sold with or without tenant. Communal entrance hall Serving three flats. Door into Entrance hall Smooth ceiling with central light. Coat hanging space.
Door to Cloakroom Smooth ceiling with central light and extractor fan. Comprising low level W.C and pedestal wash hand basin with central mixer tap. Heated towel rail.
Open plan living area - 10'5" (3.18m) x 25'6" (7.77m) Rear aspect uPVC double glazed window and door to parking area. Smooth ceiling with central light. TV point. Telephone point. Radiator.
Kitchen area Smooth ceiling with inset spot lighting. Fitted with eye and base level units with rolled edge worktop surface over.
Inset single drainer stainless steel sink with mixer tap and tiled splash back. Built in 4 ring gas hob with oven under and extractor over. Space and plumbing for washing machine.
Space for tall fridge freezer. Wood flooring. Bedroom one - 8'0" (2.44m) x 10'0" (3.05m) Smooth ceiling with central light and large skylight. Radiator. Door to bathroom.
Bedroom two - 7'8" (2.34m) x 9'3" (2.82m) Rear aspect uPVC double glazed window. Smooth ceiling with central light. Cupboard housing wall mounted combi-boiler. Radiator.
Door to Jack and jill bathroom - 5'6" (1.68m) x 7'2" (2.18m) Smooth ceiling with inset spot light and extractor fan. Large skylight window.
Comprising panel bath with mixer tap and hand held shower attachment, low level W.C and pedestal wash hand basin with central mixer tap. Door to bedrooms one and two.
Council Tax Band: A Tenure: Leasehold Length of Lease: 988 Annual Ground Rent Amount: 25.00 Annual Service Charge Amount: 612.00 Service Charge Review Period: Includes Building Insurance Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer.
This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure aml procedures are carried out in accordance with the law Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 1, 12, West Street, Weston-super-Mare
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