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See how verdicts work2-bedroom flat · TA20 2AZ
Listing removedListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the heart of Chard town centre, this spacious second floor two bedroom apartment offers comfortable and convenient living within easy walking distance of the excellent range of local amenities on offer.
Benefiting from an allocated parking space and improved by the current owners with replacement double glazed windows throughout, the property presents an ideal opportunity for first time buyers, investors or those seeking a low maintenance home in a central location.
The accommodation is well proportioned throughout and features an impressive 19ft x 16ft lounge/diner, enjoying a bright front aspect via two double glazed windows, creating an excellent living and entertaining space.
The fitted kitchen offers ample appliance space together with a practical layout for everyday use.
The main bedroom is a particularly generous double room with two double glazed windows overlooking the front aspect, while bedroom two is also a comfortable double bedroom and benefits from a fitted wardrobe.
A fitted bathroom completes the accommodation. Outside, residents benefit from a communal car park with an allocated parking space providing convenient off-road parking.
Tenure: Leasehold Council Tax Band: A EPC Rating: TBC Accommodation comprises: Entrance hall, lounge/diner, kitchen, two bedrooms and bathroom Communal Entrance Wooden communal entrance door with stairs rising up to first and second floors.
Entrance Hall Wooden main entrance door into entrance hall. Coat hanging space, telephone point, radiator, access to roof void and doors to all principal rooms.
Lounge/Diner 5.97m x 4.98m Feature fireplace with inset electric fire. Television point. Telephone point. Fitted cupboard housing wall mounted central heating boiler.
Radiator and two double glazed windows to the front aspect. Kitchen 3.86m x 3.05m Fitted with wall and base units set beneath worktops with inset sink and drainer.
Space for cooker, space and plumbing for washing machine, space for fridge freezer. Double glazed window to the rear aspect.
Bedroom One 4.45m x 3.94m Television point, radiator, fitted storage cupboard with shelving. Two double glazed windows to the front aspect.
Bedroom Two 2.95m x 3.25m Fitted wardrobe, radiator and double glazed window to the rear aspect. Bathroom Fitted with a three-piece suite comprising panelled bath, low-level W.C.
and pedestal wash hand basin. Tiled splashbacks, radiator and opaque double glazed window to the rear aspect.
Outside The property benefits from an allocated parking space in a communal car park area. Property Information Services Mains gas, water, drainage and electric.
Broadband and mobile coverage Ultrafast Broadband is available in this area and mobile signal should be available from all four major providers outdoors and three major provider indoors.
Information supplied by ofcom.org.uk Lease The property is leasehold with a 999 year lease formed the 1st November 2004.
Agents Note The property does not have a management company in place to look after the communal areas etc.
this may affect the ability to obtain a mortgage on the property, we advise any purchaser to discuss this with a qualified mortgage broker before making an offer on the property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
Area
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FAQ
About Red House Flats, Silver Street, Chard, TA20
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