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See how verdicts work1-bedroom property · BA1 3HX
For saleListed 1214 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A First Floor retirement apartment within a purpose built development.
The development has the advantage of communal facilities provided for the use and enjoyment of all residents including a resident’s lounge, kitchen-dining room and further sitting rooms on the upper floors plus communal gardens and residents parking.
An 80% share in the ownership of the apartment is available.
In fuller detail the accommodation comprises (all measurements are approximate): Communal approach leading to a private entrance door to the apartment: Entrance Hall - Cloaks cupboard and separate airing cupboard with hot water cylinder, shelving.
Night storage heater. Lounge/Dining Room - 4.14m x 4.07m (to maximum) (13'6" x 13'4" (to maxi - Two double glazed windows, wall lights, night storage heater.
Kitchen - 3.78m x 2.12m (12'4" x 6'11") - Double glazed window, wall mounted Dimplex electric heater. Fitted wall and floor units with contrasting worksurfaces and tiled surrounds.
Inset stainless steel single drainer sink unit with mixer tap, built in oven and hob, freestanding washer/dryer. Bedroom - 4.65m x 2.55m (15'3" x 8'4") - Double glazed window, night storage heater.
Shower Room - 2.16m x 1.87m (7'1" x 6'1") - Wall mounted Dimplex electric heater. WC and washbasin and large easy access shower enclosure with electric independent shower and fitted seat.
Tenure - The property is leasehold for a term of 125 years from 25th December 1989. The residue of that leasehold interest is available.
All of the apartments are sold with an 80% equity with a 20% share being retained by Curo (formally the Somer Community Housing Trust).
The development is restricted to those persons aged over 55 years.
It offers independence with the extra security offered by the support of a part time leasehold officer on site in case of emergency and in their absence an emergency call system which is directed to a 24 hour emergency control facility.
The apartments are sold with no chain.
Residents have the security of knowing that the freeholder will undertake the management development and be responsible for the maintenance of the grounds, common parts, buildings insurance, exterior repairs and redecoration.
The annual service charge for a one bedroom property for the year 2025-2026 is £2835. All tenure and service charge details should be confirmed with your legal advisor prior to exchange of contracts.
This particular apartment is situated in the first floor of the development and has an aspect looking out from the side of the building.
Agents Note - This particular apartment is situated in the first floor of the development and has an aspect looking out from the side of the building.
Council Tax - According to the Valuation Office Agency website, cti.voa.gov.uk the present Council Tax Band for the property is C.
Please note that change of ownership is a ‘relevant transaction’ that can lead to the review of the existing council tax banding assessment.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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