2-bedroom flat · TA20 1PL
For saleListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented two-bedroom first floor apartment is available exclusively for those aged 55 and over, and enjoys an ideal position just moments from Chard town centre, providing convenient access to a wide range of local amenities and facilities.
The property has been significantly improved by the current owner and is offered in excellent, turnkey condition, ready for immediate occupation.
The upgraded kitchen is fitted with a range of modern wall and base units, complemented by an electric cooker, and opens through to a generously proportioned lounge.
This bright and welcoming living space benefits from two double glazed windows to the front aspect, allowing for plenty of natural light.
The accommodation further comprises a spacious main bedroom, offering a comfortable double room, alongside a second bedroom which is ideal as a single room, guest space or study.
These are served by a contemporary shower room, fitted with a modern suite including a shower cubicle with a convenient fitted seat, designed with practicality in mind.
Residents of the development enjoy access to a range of excellent communal facilities, including beautifully maintained gardens, a shared storage shed, laundry room, and a guest suite for visiting family or friends.
Additional benefits include a house manager, emergency care line for added peace of mind, as well as communal and visitor parking.
The property is offered to the market with no onward chain, making it an attractive and straightforward purchase for those seeking a comfortable and secure home in a highly convenient location.
Tenure: Leasehold Council Tax Band: EPC Rating: TBC Accommodation comprises: Entrance hall, lounge, kitchen, two bedrooms and shower room.
Entrance Hall Covered porch with power point and telephone entry system. uPVC opaque double glazed door into entrance hall. Stairs rising to first floor.
Landing Wall mounted electric radiator. Telephone entry system and emergency care line. Built-in airing cupboard with electric water heater. Access to roof void. Doors to all principal rooms.
Lounge 4.45m x 3.64m Two double glazed windows to the front aspect. Wall mounted electric radiator, television point, telephone entry phone. Opening through to kitchen.
Kitchen 2.12m x 2.93m Newly fitted with modern wall and base units set beneath worktops with inset sink and drainer with mixer tap. Electric oven.
Space and plumbing for washing machine, space for fridge freezer. Double glazed window to the side aspect.
Bedroom One 3.63m x 2.94m Wall mounted electric radiator and double glazed window to the rear aspect.
Bedroom Two 2.48m x 2.4m Wall mounted electric radiator and double glazed window to the rear aspect.
Shower Room Fitted with a modern three-piece suite comprising shower cubicle with electric shower and seat, inset wash hand basin with vanity unit under and low-level W.C.
Extractor, electric heated towel rail. Property Information Services Mains electric, water and drainage.
Broadband and mobile coverage Ultrafast Broadband is available in this area and mobile signal should be available from all four major providers outdoors and three major providers indoors.
Information supplied by ofcom.org.uk Service Charge There is an outside shared storage shed and the complex has communal well manicured gardens, laundry room, residents lounge, guest suite, visitors parking, emergency care line system and resident house manager.
The Maltings is for occupation by persons over 55 years of age. The property is Leasehold, the lease was formed in 1988 with a 125 year term.
There is an annual service charge of approximately £2513.37 that includes buildings insurance, upkeep of all communal areas and buildings, window cleaning, warden assistance, water rates and emergency alarm call system.
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 The Maltings, Chard, Somerset, TA20
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