2-bedroom flat · TA24 5QR
For saleListed 52 days
Opportunity summary
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About
A two double bedroom conversion apartment, set in the iconic and instantly recognisable Metropole.
Description This attractive conversion apartment set within the iconic Metropole building which is located on the seafront offers sizable and well presented accommodation which offers partial sea views.
A striking communal entrance hall, once serving as the reception of the former Metropole Hotel, offering an abundance of character and original architectural features.
The building benefits from a grand staircase, lift access and secure entry system.
From the properties front door you step down to the hallway, which offers two storage cupboards and doors leading to, the large lounge which features two sash windows with shutters, there is also built in window seating with storage under and further storage units.
The kitchen/dining room is fitted with a range of wall and base units, some integrated appliances and matching dresser unit.
The two bedrooms are both doubles with built in wardrobes and there is a modern shower room. Externally there are communal gardens and residents parking.
Services & outgoings Mains electric, water and drainage are connected to the property. Electric heating. Council Tax: Somerset Council-Band B.
Lease Information: The property is offered on a leasehold basis. The term of the lease is 999 years from 01.11.2001, with 974 years remaining. There is an annual service charge of £2,350.00.
Additional information Broadband: FTTP-Ultrafast broadband is available-highest available download speed 80 Mbps, highest available upload speed 20 Mbps. (Openreach).
Mobile Coverage: Available via EE, O2, three and vodafone. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a very low risk from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%).
Situation The seaside town of Minehead is commonly known as the gateway to the Exmoor National Park where there are many interesting walks and other country pursuits to be enjoyed.
The town boasts a wide range of shopping, leisure and recreational facilities along with First, Middle and Upper Schools.
The County town of Taunton is approximately 25 miles distance with its wider range of shops and access to the motorway network and mainline railway station.
Many of the renowned attractions of West Somerset and the Exmoor National Park are also within short motoring distance along with the rugged North Devon coast line.
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 5, Metropole Court, Somerset
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