1-bedroom flat · TA6 3DL
For saleListed 5 days
Opportunity summary
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About
A purpose built ground floor retirement apartment Convenient location Within walking distance of the town centre and river On-site facilities Resident House Manager Communal gardens & Parking Stairs lift system and personal door.
Homecastle House is a retirement complex for the over 55s, which is located close to the town centre itself.
The property benefits from a resident, House Manager, a careline alarm service, lift system, communal lounge, laundry room, communal garden area and communal parking.
The property is one of thirty two apartments, which is set over four floors and this particular apartment benefits from its own ground floor door onto West Quay which is a very short walk of the town centre itself.
Blake Gardens and King Square are also a short walk away.
Please note, there are six parking spaces on a first come, first serve basis, but permit parking is available close by at approximately £60 a year (for more details regarding the parking permit, please contact Somerset Council's website).
AGENTS NOTE : This property is 'leasehold' with an original term of 99 years from 1st September 1984.
The current service charge is levied at £3,500 per annum with the addition of an annual ground rent charge of £450. Full details of the Lease and charges can be sought via your legal representative.
EPC Rating: C Agency Registration Number: 11962171 Lounge 10.0m x 5.18m Kitchen 1.52m x 2.13m Double Bedroom 2.44m x 4.27m Shower room 1.52m x 1.83m
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Chandos Street, Homecastle House Chandos Street, TA6
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