1-bedroom flat · BS23 4AL
For saleReduced £5k (−3.4%) on 25 JulListed 105 days
Opportunity summary
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About
Over 60's Retirement Apartment | Peaceful Rear Aspect | On-Site Warden & Call Safe System | Situated within the Seaside sought-after Pegasus Court retirement development, this well-presented Retirement Development & Second-Floor Apartment enjoys a quiet rear position with an easterly aspect.
The property offers a spacious 19’ Lounge / Diner with Private Balcony, a kitchen with integrated appliances, a generous 18’ Double Bedroom with Fitted Wardrobe, Shower Room and excellent built-in storage options with Off-Road Allocated Parking.
Over 60's Retirement Apartment | Peaceful Rear Aspect | On-Site Warden & Call Safe System | Situated within the Seaside sought-after Pegasus Court retirement development, this well-presented Retirement Development & Second-Floor Apartment enjoys a quiet rear position with an easterly aspect.
The property offers a spacious 19' Lounge / Diner with Private Balcony, a kitchen with integrated appliances, a generous 18' Double Bedroom with Fitted Wardrobe, Shower Room and excellent built-in storage options with Off-Road Allocated Parking.
Residents benefit from lift access, an Owners' Lounge, laundry facilities, landscaped gardens, guest suite and an on-site Estate Manager.
Ideally located within easy reach of the beach, local shops and bus routes, this apartment offers comfortable independent living in a welcoming community for the over-60s.
Hallway Enter via composite door from Communal Hallway, 'Tunstall' telephone intercom entry system, 'Tunstall' pull cord, cupboard housing hot water heater & storage.
Doors to: Lounge / Diner, Bedroom, Shower Room. Lounge / diner 19' 8" x 11' 1" (5.99m x 3.38m) Electric storage heater, 'Tunstall' pull cord, TV point, telephone point, coved ceiling, carpet.
Space for: Dining table and chairs. UPVC double glazed French doors to: Balcony. Door to: Kitchen.
Kitchen 6' 7" x 6' 6" (2.01m x 1.98m) uPVC double glazed window to rear aspect, range of wall and base units with inset stainless steel sink and drainer, four ring induction hob, integral 'Hot Point' double oven, integral 'Hot Point' microwave.
Space and plumbing for: Fridge Freezer. Vinyl flooring.
Bedroom 18' 0" x 9' 2" (5.49m x 2.79m) uPVC double glazed window to rear aspect, electric storage heater, fitted double wardrobe, 'Tunstall' pull cord, TV point, coved ceiling, carpet.
Shower room 7' 3" x 6' 5" (2.21m x 1.96m) Towel radiator, low-level WC, vanity hand wash basin with wall mounted mirror and lighting above, wall-mounted cabinet, double shower tray with glass screen surround and wall mounted shower, extractor fan, 'Tunstall' pull cord, fully tiled walls, vinyl flooring.
Tenure / information We are advised this property is: - Leasehold with a remainder of 125 years commencing January 2007.
- The Service Charge is £241.20pcm and covers buildings insurance, maintenance, window cleaning, lift servicing, careline/pull cord system as well as the Kingsdale sinking fund.
- The Ground Rent for the property is: £174.50 every 6 months. - The management company for the property is: Kingsdale.
- Lettings are allowed but 1% of market value of property has to be paid to the landlord and 1% into the sinking fund each time it has a new lease.
- Pets are allowed but owners must get Approval first. All of this should be verified with your solicitor.
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 40, Pegasus Court, Weston-super-Mare, North Somerset
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