3-bedroom terraced house · TA6 4FU
For saleListed 57 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY BE QUICK! This stunning home is offered to the market on a shared ownership basis available from a 40% share. SHARED OWNERSHIP!
DESCRIPTION The rare opportunity to be able to purchase plot 206 which is a 3 bedroom end of terrace house with two parking spaces. Situated on a sought after development.
Open market - £285,000 40% share- £114,000 Rent - £391.88 Service charge - £22.19 Buildings Insurance - £15.64 GET IN TOUCH TODAY!
Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Evergreen Parade Evergreen Parade combines excellent connectivity with a welcoming community atmosphere.
Just a six minute drive from Bridgwater train station and less than two miles from the M5, the development offers easy access to Bristol, Exeter, and beyond.
Designed with everyday living in mind, each home has been finished with vinyl flooring and carpets fitted throughout, making them ready to enjoy from the moment you move in. What Is Shared Ownership?
You buy an initial share in your new homes - usually between 25% and 75% - and you pay a discounted rent on the remaining share.
The share you buy will be the most you can afford based on a financial assessment.
Then, if your financial circumstances change, you can buy further shares as and when it is appropriate to you, and in most cases you can own your home outright.
It does not mean that you have to share your home with anyone! Not just for first time buyers!
You are not eligible to apply if you: -Already own a home, or -Are selling your current home but it is not yet under offer (sold subject to contract).
Basic shared ownership criteria: -You cannot afford to buy a similar home on the open market. -You do not have any County Court Judgements (CCJs) against you.
-Your household income does not exceed £80,000. -You can afford the mortgage and deposit for the share you wish to purchase, or you have enough equity to buy the share.
-You do not own another property (if you do, it must be sold before completing on the shared ownership home).
About Livewest We own and manage over 40,000 homes across the South West, from Cornwall to Gloucestershire.
We have ambitious plans to invest £1bn in the South West economy and to build 5,000 new homes in the region over the next five years.
This is part of LiveWest taking huge steps towards alleviating the region’s housing shortage, in an area of high housing need as well as high house prices which makes accessing housing particularly challenging for many families.
We take the time to listen to, understand and learn from our customers. We focus on thriving as a business and employer so we can deliver more homes and even better services.
We are a member of Homes for the South West, a group of the largest developing housing associations in the south west, making the case for investment in our region.
Local Connection The applicant must have lived in Somerset for at least the last 2 years, or three of the last five years or; a) be employed in Somerset for a minimum of the last 3 months with an average of 16 hours a week, and that the applicant's job requires them to work in, or travel to Somerset or; b) needs to move to take up an offer of permanent employment of over 16 hours a week within Somerset and commuting to their new place of work from their existing home would be unreasonable or; c) Have family connections in Somerset.
Local Government Association guidelines define this as immediate family members (parents, siblings or non-dependent children) who have themselves lived in Somerset for the last five years and with whom there has been frequent contact, commitment or dependency or; d) Demonstrate a need to move to Somerset to give or receive essential and critical medical or other support where significant harm would result if this were not provided.
Please Note We will endeavour to use the photographs and virtual tours of the actual property but may also show pictures/videos of the showhome, other plots on the development and/or computer generated images.
Floorplan images may be handed. Reservation fee applies. Lease details are currently being compiled. For further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT.
THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS.
NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Kings Drive, Bridgwater
Explore nearby