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See how verdicts workStudio flat · BA1 6PP
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented, ground floor apartment situated on a no through road with the benefit of being able to be holiday let being sold with no onward chain.
This well-presented and generously proportioned ground-floor apartment, is ideally suited to a range of purchasers.
A standout feature is the flexibility offered by the lease, which permits short-term holiday letting, making the property equally appealing as a permanent residence, investment opportunity or lock-up-and-leave holiday home.
The heart of the property is the impressive main reception room, measuring 15ft10' by 14ft4', providing ample space for both living and sleeping accommodation.
Large sash windows to the front elevation flood the room with natural light, while fitted storage within the alcoves enhances both practicality and character.
Positioned to the rear of the apartment, the kitchen/breakfast room is fitted with a range of base and wall units and benefits from an integrated oven with space for further freestanding white goods.
There is also space for a two-seater dining table, creating an ideal setting for everyday dining. The bathroom is fitted with a three-piece suite incorporating a walk-in shower cubicle.
The current owners successfully operate the apartment as an Airbnb, and short-term letting is permitted under the terms of the lease.
This level of flexibility is rarely available within the city and presents an excellent opportunity for purchasers seeking a home that can generate additional income when not in use.
The property is offered for sale with no onward chain.
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 Hanover Street, Somerset
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