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See how verdicts work2-bedroom property · BS29 6JE
Sold STCListed 240 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** RESIDENTIAL PARK HOME *** 50YRS + *** NO ONWARD CHAIN *** UPDATING & MODERNISATION REQUIRED *** Brightestmove are pleased to present to the market this Two Bedroom, Double Unit Park Home situated on the sought-after site at Summer Lane Park Homes, Banwell.
The property briefly comprises: Kitchen, lounge/diner, wet room, two bedrooms. Outside is a garden to the side predmantly laid to lawn. CALL TODAY TO ARRANGE YOUR ACCOMPANIED VIEWING.
KITCHEN 11' 7" x 8' 0" (3.53m x 2.44m) Entrance via wooden steps and uPVC double glazed obscure door, uPVC double glazed window to side aspect, range of wall and base units with worktops over, inset one and a half sink with drainer.
Space for: Washing machine & tall fridge freezer. Laminate flooring.
LOUNGE/DINER 17' 0" x 10' 9" (5.18m x 3.28m) uPVC double glazed window to side aspect, uPVC double glazed obscure door to side aspect, wall mounted dual Bosch heater and air con unit, electric heater, non operation back burner, airing cupboard housing hot water tank ( replaced circa 2017 ), carpet, access in to two bedrooms and wetroom.
BEDROOM 9' 3" x 7' 8" (2.82m x 2.34m) uPVC double gkazed window to side aspect, built in storage, carpet.
BEDROOM 9' 3" x 7' 8" (2.82m x 2.34m) uPVC double gkazed window to side aspect, built in storage, carpet.
WET ROOM 6' 8" x 5' 0" (2.03m x 1.52m) uPVC double glazed obscure window to side aspect, wall mounted electric heater, wall mounted seated, wall mounted shower mains shower, low level WC, wall mounted hand wash basin, fully tiles walls, contemporary slip-resistant flooring and integrated drainage.
OUTSIDE Left side laid to lawn with hedge & steps up and door in to lounge/diner, rear laid to concrete with two storage sheds, other side laid to co create with hedge and storage container.
TENURE/INFORMATION/AGENT NOTES Ownership of a residential park home is in accordance with the Mobile Homes Act 2013, council tax band A, Ground rent is £171.80 per month, reviewed yearly.
The park home make and model we we are advised is a Stateley Albion 25' x 20' and the age of the unit we are told is early 1960's.
The park home has had a pre-sale survey and a copy of this is available on request.
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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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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FAQ
About Summer Lane Park Homes, Banwell
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