2-bedroom flat · BA21 5BP
For saleListed 25 days
Opportunity summary
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About
A well proportioned two bedroom, ground floor apartment with parking and pleasant far-reaching views. Situated conveniently in the Wyndham Park development.
38 Great Mead offers an ideal first purchase or investment opportunity.
The property benefits from allocated parking, gas central heating, a fully fitted kitchen with electric oven, gas hob, cooker hood, washing machine and space for a dishwasher.
Located on the ground floor, the property entrance is accessed via the communal entrance hall which features an intercom system.
The accommodation comprises an entrance hall, giving easy access to all of the rooms as well as useful storage spaces.
The sitting room is generously sized and receives a considerable amount of light via the front aspect double glazed window.
The two bedrooms are both good in size with the principal benefitting from large sliding doors opening onto a small paved area. The bathroom comprises a bath, WC and wash hand basin.
Agents note Please note that some photographs were taken before the rooms were furnished. 38 Great Mead is located on the popular Wyndham Park development.
It has lovely views over the surrounding countryside, and is only a short 10 minute walk to the Pen Mill Trading Estate and a 5 minute drive away from Pen Mill train station, which has direct access to London Waterloo.
Road links are also good with the A303 easily accessible.
Yeovil is a thriving town surrounded by beautiful countryside offering good shopping, business, cultural and leisure activities including a multi-screen cinema and adjacent ten pin bowling, public swimming pool, Nuffield Health Club, and an excellent range of restaurants and bars.
Outside To the rear of the property there is allocated parking for one vehicle, a communal garden and views overlooking green fields and rolling hills.
Services & outgoings We understand that mains electric, gas, water and drainage are connected to the property. Gas fired central heating. Council Tax: Council-Band B.
Maintenance charges The property is subject to a management fee of £123.70 (payable in 2 instalments) to cover maintenance of the shared areas on the estate.
Lease information The property is offered on a leasehold basis. The term of the lease is 155 years from January 2012, with 141 years remaining.
There is an annual service charge of approximately £2000. A ground rent of £230.62 (payable in two instalments). These charges include buildings insurance.
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 38, Great Mead, Somerset
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