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See how verdicts work1-bedroom house · BS23 1DH
Listing removedListed 524 days
Opportunity summary
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About
A purpose built one bedroom retirement apartment for the over 60's situated within a short walk of Weston-super-Mare sea front and town centre.
Accommodation (Measurements Are Approximate) - Internal stairs and lift to the first floor. Entrance Hall - Storage cupboard, meter cupboard.
Lounge - 4.10 x 3.57 maximum (13'5" x 11'8" maximum) - Upvc double glazed door with matching side panel opening to a Juliette Balcony.
Feature fire surround with electric fire, television point, electric night storage heater and two doors opening to the: Kitchen - 2.53 x 2.24 (8'3" x 7'4") - Fitted with a range of units to incorporate single drainer sink unit, integrated electric oven and hob, extractor fan, space for fridge and freezer, upvc double glazed window to the side.
Bedroom - 5.22 x 2.57 (17'1" x 8'5") - Upvc double glazed window to the front. Night storage heater and double mirror fronted wardrobes.
Bathroom - 2.21 x 1.63 (7'3" x 5'4") - Comprising panelled bath with shower over, vanity wash hand basin with cupboards below, close coupled w.c. tiled walls and extractor fan.
Tenure - Leasehold 125 years from 2004 Ground Rent £450.00 per annum Maintenance Charge £2,207.88 per annum We are advised by the sellers that when the property is sold the seller has to pay a transfer fee of equal to 1% of the agreed sale price together with 1% to the contingency fund.
There is an age restriction with a single person being aged 60 years or over and in the case of a couple the younger persons must be over 55 years.
The house manager is on site between 0.900 to 17.00 M Monday to Friday The apartment has use of the residents lounge, kitchen, games room, library, laundry room and guest suite (charges apply) Description - A self contained retirement apartment.
Residents must be over 60 years of age and the second resident can be 55 years plus. Set within a secure development just off the sea front and ta the far end of the High Street of Weston-super-Mare.
The property has an aspect over communal gardens and has a good size lounge/diner with kitchenette off, double bedroom and bathroom.
The property has upvc double glazed windows, electric storage/panel heaters. As well as the use of communal gardens, residents lounge and kitchen, there is also a chargeable guest suite.
Material Information - Additional information not previously mentioned •Mains electric and water •Water not metered •Electric room heating •No Flooding in the last 5 years •Broadband and Mobile signal or coverage in the area.
For an indication of specific speeds and supply or coverage in the area, we recommend potential buyers to use the Ofcom checkers below: checker.ofcom.org.uk/en-gb/mobile-coverage checker.ofcom.org.uk/en-gb/broadband-coverage Flood Information: flood-map-for-planning.service.gov.uk/location
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
Agent & docs
FAQ
About Beach Road, Weston-Super-Mare
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