1-bedroom flat · BS48 2BP
For saleListed 384 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented one bedroom ground floor apartment situated in the popular Pegasus Court development that has been recently redecorated with fitted carpets.
The apartment comprises; entrance hall, lounge/diner leading into kitchen, spacious bedroom and four piece bathroom suite.
A private sun-blessed patio is accessed from the lounge and the apartment further benefits from a house manager, well maintained communal gardens, parking, laundry room and resident’s lounge.
Viewing is highly recommended.
EPC: C Entrance Hall With smoke alarm, entry call system, cupboard housing the electric immersion tank and meters, cupboard with shelving and coat hooks housing the fuse box, and doors leading into bedroom, lounge-diner and bathroom.
Lounge/Dining Room 6.1m x 3.4m (20' 0" x 11' 2") Telephone point, television point, wall point, wall-mounted electric heater, uPVC double glazed double doors leading out to the patio and further to the communal gardens, and door leading into the kitchen.
Kitchen 2.34m x 1.96m (7' 8" x 6' 5") uPVC double glazed window overlooking the rear aspect, stainless steel sink and drainer with swan necked mixer tap over, range of drawers, eyeline, and base units with rolltop worksurfaces over, integrated electric Hotpoint hob with extractor hood over, Hotpoint electric eyeline oven, space for upright fridge freezer, tiled splashbacks, and vinyl floor covering.
Bedroom 5.44m x 2.77m (17' 10" x 9' 1") uPVC double glazed window overlooking the rear aspect, wall-mounted electric heater, telephone point, television point, and in-built wardrobe providing hanging and storage solutions.
Bathroom 2.24m x 1.96m (7' 4" x 6' 5") Fully-tiled walls with shower cubicle, panelled bath with shower attachment over, washing line pull-chord, emergency pull-chord, close-couped WC, wash hand basin set into vanity unit with cupboards below, chrome heated towel rail, wall-mounted electric heater, shaver point with integrated light, extractor fan and vinyl floor covering.
Material Information The property has the remainder of a 125 year is leasehold.
Council tax band C charged at £2,030.10 per annum for the period 2025/2026 The Management Charge is currently £3,819 per anum Upon resale of the apartment a transfer fee is charged plus a contribution to the development's contingency fund, both at 1% of the resale price.
The communal lounge offers a social meeting place for residents with patio doors opening out onto the communal gardens. This room can be hired for private functions.
There is a communal laundry room solely for the use of the residents. There is also a guest suite in the building which can be hired for a nominal charge should you want family to come and stay.
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 Silver Street, Nailsea, Bristol, Somerset, BS48
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