2-bedroom flat · TA6 5JN
Listing removedListed 244 days
Opportunity summary
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About
Well-presented and purpose built two bedroom first floor flat, situated in a block of similar properties on the east side of Bridgwater yet within striking distance of the town centre.
Built by Barrett Homes within the popular ‘Rio’ development, the property is decorated to neutral colours throughout.
The spacious accommodation briefly comprises; Entrance Hall, Lounge/Diner, fitted Kitchen with integrated oven and gas hob, two well-proportioned Bedrooms and Bathroom.
The property benefits from gas fired central heating, UPVC double glazed windows throughout and all carpets and floor coverings are included in the asking price.
Locally there are schools and amenities near-by, including the facilities on Westonzoyland Road, Parkway and Wye Avenue. M5 access is also good, being just a very short drive away.
Presented to a good standard, the property also has the benefit of an allocated parking space to the rear, plus communal and secure bike storage.
As such, it would make an ideal first time/young family home. ACCOMMODATION GROUND FLOOR Main entrance door with security entry phone system to communal entrance.
Stairs leading to first floor landing and personal door to flat number 38. ENTRANCE HALL Intercom handset, radiator, storage cupboard and thermostat control for central heating.
LOUNGE/DINER 14’9” x 11’10” UPVC double glazed window to front. Telephone & TV aerial points and radiator.
KITCHEN 6’1” x 9’8” Well equipped with a range of fitted floor and wall mounted cupboards, with stainless-steel sink/drainer unit inset into work surfaces.
Integrated oven/grill unit with four ring gas hob having extractor hood over, space for tall fridge/freezer, plumbing for washing machine, electric fan heater to plinth and wall mounted Glow worm gas boiler providing domestic hot water & central heating.
BEDROOM ONE 10’8” x 10’2” UPVC double glazed window to front and radiator. BEDROOM TWO 10’1” x 6’9” UPVC double glazed window to rear and radiator.
BATHROOM White suite comprising wash hand basin, WC, panel sided bath with shower unit over, radiator and extractor unit. UPVC double glazed window to rear.
OUTSIDE Allocated parking space which is where the red Hyundai car is in the photograph. To the Ground Floor and rear of the main building is the secure bike store.
TENURE:Leasehold 155-year lease which commenced 1st July 2006. Ground rent £205.32 per annum. Maintenance and service charge £1,441 per annum. Reviewed April of each year.
AGENTS NOTE: This is part of an affordable housing scheme known as Discounted Open Market Housing, whereby the price is 80% of the total value and can only be sold as this in the future.
You will own 100% of the property. Income criteria must be met. VIEWING: By appointment with the vendors agents Messrs Charles Dickens, who will be pleased to make the necessary arrangements to view.
SERVICES: Mains electricity, water, drainage & gas. COUNCIL TAX BAND: A EPC RATING: C (80)
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 Marsa Way, Bridgwater
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