2-bedroom house · TA19 0ED
Listing removedListed 131 days
Opportunity summary
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About
Retire in style to Ashcombe Court A well presented two bedroom ground floor apartment with patio garden and garage.
Having been improved by the present owner, this property offers modern fitments and the benefit of easy access on the level to all areas.
The property is located on a purpose-built retirement development for the over 55s.
Management services are provided by Cognatum Estates, a not-for-profit organisation and one of the UK's leading companies in retirement housing.Ashcombe Court sits within a quiet enclave close to the town centre, in the grounds of an attractive Regency building, Summerlands House, which has been transformed into apartments.
The main entrance is through an archway in a finely-proportioned building of Ham stone, with stone pilasters surmounted by a cupola.
Mellow honey-coloured stone cottages and apartments front onto two gently-sloping lawned courtyards, with Summerlands House at the top approached by an elegant flight of steps.Ilminster is a busy market town and the streets still follow the medieval pattern with the market square and colonnaded market house at its centre.
It has a good range of shops, supermarkets, banks, pubs and restaurants.
Cultural opportunities also abound, with concerts, plays and events at the arts centre and theatre, and a twice-daily bus offers an easy trip to London.
The splendid perpendicular Minster Church is the glory of the town and one of the most magnificent in the country.
Taunton, the county town of Somerset with its history stretching back to Saxon times, is just 13 miles from the estate, and a drive of less than 15 minutes brings you to the Blackdown Hills Area of Outstanding Natural Beauty.Cognatum Estates maintains, repairs and insures all the buildings, arranges the window cleaning and refuse collection and tends to the gardens and grounds thereby freeing owners and residents from these responsibilities.
There is a personal alarm system in each property and resident estate managers are on hand to provide support and help when needed, making this an ideal 'Lock Up & Leave' property.
There is also a guest suite which provides comfortable accommodation for family and friends.The cost of providing these services is shared equally between all properties.
There are no restrictions on owning a property except that one resident must be over 55 years of age.150year lease (from 1990).
No ground rent.Please Note: Upon resale of the property, Cognatum Estates management company charge £500 plus VAT for the leasehold pack, payable by the vendor.For viewings please contact the Estate Manager /
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.
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FAQ
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