1-bedroom house · TA8 2BX
Listing removedListed 858 days
Opportunity summary
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About
A first floor purpose built retirement apartment situated in a sought after complex offered in excellent order throughout.
Accommodation (Measurements Are Approximate) Entrance door with security entry door system to the communal hallway. Stairs and lift access to all floors.
Entrance Hall Built in airing cupboard with hot water tank.
Lounge/Diner (5.33 x 3.25 (17'5" x 10'7")) Television point, intercom, double glazed window, feature coal effect remote control fire with shelf over and archway through to the: Kitchen (2.24 x 1.65 (7'4" x 5'4")) Recently upgraded with an attractive range of wall and floor units, sink unit, electric cooker point, extractor fan, double glazed window to the side.
Bedroom (3.51 x 2.67 (11'6" x 8'9")) Television point, double glazed window and built in double wardrobe with hanging and shelving space.
Shower Room (2.03 x 1.63 (6'7" x 5'4")) Recently upgraded with attractive suite comprising large shower cubicle with shower, pedestal wash hand basin with cupboard under, close coupled w.c., electric wall heater, extractor fan.
Tenure Leasehold Maintenance Charge £2633.66 per annum payable to First Port Retirement Property Services Ground Rent £445.06 per annum Lease Term 99 years from 1984 Description Opportunity to purchase a well presented first floor retirement flat offered in good order throughout.
Homelane House is situated within close proximity of Burnham-on-Sea town centre and sea front and the complex offers a range of facilities for residents including the communal lounge with various weekly events for residents, communal laundry, communal gardens and communal parking.
There is also a chargeable guest suite available. The flat has been upgraded and improved with the benefit of a well appointed kitchen and shower room.
Directions Proceed out of the town of Burnham-on-Sea along the Berrow Road taking the second right into Rectory Road. Homelane House will be found on the left hand side.
Material Information Additional information not previously mentioned •Mains electric and water •Water not metered •Electric heating •No Flooding in the last 5 years •Broadband and Mobile signal or coverage in the area.
For an indication of specific speeds and supply or coverage in the area, we recommend potential buyers to use the Ofcom checkers below: Flood Information:
Value & comps
No previous sales on record.
Returns
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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 17 Homelane House, Rectory Road, Burnham-On-Sea
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