1-bedroom flat · BA11 1QA
For saleReduced £25k (−7.1%) on 20 JunListed 181 days
Opportunity summary
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About
*An investment opportunity currently producing circa £24,000 per annum *Three one bedroom flats all currently let on an assured shorthold tenancies * Excellent investment opportunity situated close to the town centre.
Situation: The property lies less than 1/4 mile from the town centre just off Bath Street on the junction with Christchurch Street East.
Frome has a comprehensive range of independent shops, cafes and bistros together with national chains including Marks & Spencer.
The railway station is less than half a mile and the Georgian city of Bath lies approximately 13 miles.
Description: This three storey building has been converted into three, one bedroom flats each situated on a different floor and providing an excellent residential investment opportunity.
All flats are currently let on an assured shorthold tenancy achieving an annual income of approximately £24,000, producing a yield of approximately 7%. Accommodation: All dimensions being approximate.
Flat 2a: With a private entrance hall and door to: Living Room; 11'7" average x 11'6" average.
With a night storage heater, double glazed window to the front elevation and base and wall kitchen units incorporating a stainless steel single drainer sink, ceramic two ring hob, space and plumbing for a washing machine and space for a fridge/freezer.
Shower Room: With a white suite comprising a tiled corner entry shower enclosure with a wall mounted Mira Sport electric shower, vanity wash basin with cupboard beneath, low level WC and a wall mounted electric convector heater.
Bedroom: 9'6" average x 7'10" average. With an electric panel radiator, double glazed window to the rear and storage cupboard with a lagged hot water cylinder.
First Floor: Flat 2b: With a private entrance hall and doors to: Living Room: 14'x12'3" narrowing to 8'3" With a night storge heater, built-in cupboard, double glazed window to the front elevation and base and wall kitchen units incorporating a stainless steel one and a half bowl single drainer sink, space and plumbing for a washing machine, space for a cooker with an electric cooker control panel and space for a refrigerator.
Extractor hood.
Shower Room: With a tiled corner entry shower enclosure with a wall mounted Triton electric shower, low level WC, vanity wash basin with cupboards beneath and a wall mounted electric convector heater.
Bedroom : 9'5"x6'5" With a night storage heater and double glazed window to the rear.
Second Floor: Flat 2c: With a door and staircase rising from the first floor landing, private hall area with an airing cupboard and factory lagged hot water cylinder.
Door to: Living Room: 18'x10'5" With two double glazed windows to the front elevation and base and wall kitchen units incorporating a stainless steel single drainer sink, space and plumbing for a washing machine, space for a cooker and refrigerator.
Bathroom: With a white suite comprising a panelled bath with shower attachment, adjacent ceramic wall tiling, low level WC, pedestal wash basin and a tiled splash. Bedroom: 9'8" x 9'6" average.
With a night storage heater and double glazed window to the rear. Note: Further details relating to the individual shorthold tenancies may be obtained through the selling agent.
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
Agent & docs
FAQ
About 2A,B,C, Christchurch Street East, Somerset
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