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See how verdicts work2-bedroom flat · TA24 5DA
For saleListed 99 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TWO BEDROOM GROUND FLOOR RETIREMENT APARTMENT - situated within a purpose-built development designed specifically for people over the age of 60.
The property boasts modern amenities such as an emergency call system and intercom entry and includes the services of an in-house manager.
The development features a communal lounge and level gardens where residents can relax.
The car parking area adds to the convenience of living in this development, with plenty of additional space for visitors.
Located within half a mile of the town centre and seafront, the apartment is perfectly situated for easy access to local amenities.
The accommodation comprises in brief: entrance through front door into a hallway with storage cupboard and doors to all rooms.
The lounge diner is a good-sized room with French doors opening out to the communal gardens.
The kitchen has a window into the hallway and is fitted with a range of wall and base units, sink and drainer incorporated into work surface with tiled surrounds and integrated cooker with hob and extractor hood over.
There is also space for a tall fridge freezer and space with plumbing for a washing machine. There are also two bedrooms, both with fitted wardrobes and both with pleasant views.
The shower room is fitted with a suite comprising a walk-in shower cubicle with seat and a wc and wash hand basin fitted into a vanity unit.
There is also a storage cupboard, airing cupboard and obscured window.
Outside, the development sits within well-maintained communal gardens and has a parking area with ample space for residents and visitors alike.
AGENT'S NOTE: The property is leasehold and held under the terms of a 125 year lease granted in 1990.
There is a service charge payable under the terms of the lease currently £3,683.06 together with a ground rent currently £291.00.
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
Agent & docs

FAQ
About Vennland Way, Minehead
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