2-bedroom flat · TA23 0BX
Listing removedListed 196 days
Opportunity summary
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About
Beautifully light and spacious penthouse apartment forming part of an attractive period building in an exclusive gated development with spectacular sea views! For sale with no onward chain.
Converted in 2007, the top floor apartment has spectacular sea views from most rooms and lots of natural light.
Benefitting from gas central heating and double glazing, the accommodation comprises, in brief - entrance hall, large open plan kitchen/dining/sitting room, office/snug with WC off it, master bedroom with ensuite shower room, and 2nd double bedroom with ensuite bathroom.
Steps from the entrance hall lead out onto a decked roof terrace which has countryside views. Allocated off road parking can be found at the front of the building.
The communal entrance area of the building gives a fantastically warm welcome and has a real sense of grandeur with its solid oak flooring and staircases and stained glass windows.
Tenure: Leasehold Lease remaining: 980 years Service charge and ground rent: £1,554 per year The property is situated in a lovely elevated position on the edge of town within a small, gated, development.
Watchet is a thriving historic harbour town with a marina for boating enthusiasts.
The town has a good range of facilities meeting most everyday needs as well as a large variety of independent antique, gift and art shops.
Watchet has a station on the West Somerset Heritage Steam Railway - the longest in the country which links it to the coastal resort of Minehead.
Set between the Quantock and Brendon Hills and the Exmoor National Park this is a great area for walking and outdoor pursuits.
Taunton (18 miles), the county town, gives access to the motorway network and fast trains (from 1 hour 40 minutes) to London.
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 5 St. Decumans Apartments, St. Decumans Road, Watchet
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