1-bedroom flat · BA12 9BP
For saleListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ref: SM1312 - A light & airy Garden Level Apartment - one of the larger designs in this popular Town Centre Retirement Development.
Communal Entrance Hall with Lift to all floors, Individual Entrance Hall, Double Bedroom with Dressing Room, Fully Tiled Shower Room, Spacious 23' Bay-windowed Sitting Room, Well Appointed Kitchen with window, Economy 7 Night Store Heating & Sealed-unit Double Glazing, House Manager, Residents' Lounge & Laundry Room.
Flat 49 is one of the larger designs of the retirement apartments conveniently located on the Ground Floor of Homeminster House.
Thoughtfully planned with the over 55's in mind this purpose-built development has well-lit communal hallways, all floors are serviced by a lift and stairways whilst all properties benefit from Double Glazing and Economy 7 Night Store Heating.
The building has state-of-the-art safety & security systems linked to experienced House Managers who are responsible for overseeing the smooth day-to-day running of the building whilst an out-of-hours careline service provides peace of mind when the House Managers are off duty.
A guest apartment is also available by arrangement for visiting friends and relatives.
Immediately available and with no associated sale chain, this is a rare opportunity to acquire one of a handful of the larger than usual apartments with the bonus of a spacious 23' bay-windowed.
Homeminster House enjoys a very handy location just off Station Road close to the railway station and moments on foot from the bustling town centre with its excellent shopping facilities - 3 supermarkets including nearby Waitrose and Lidl stores which are practically on the doorstep, together with a wide range of other amenities including a host of independent shops and eateries.
Other facilities include a theatre & library, hospital & clinics and the town is well served by local buses and the nearby railway station.
Rail users enjoy regular services to Salisbury and then direct to London Waterloo, and to Bath with a direct line onto South Wales.
The other main centres in the area include Frome, Trowbridge, Westbury, Bath and Salisbury which are all within comfortable driving distance whilst the A36, A350 and A303 trunk routes provide swift access throughout the West Country and further afield to London via the A303/M3.
Bournemouth, Bristol and Southampton Airports are...
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.
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About Homeminster House,Flat 49, Station Road, Warminster
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