2-bedroom flat · TA21 9HB
Listing removedListed 218 days
Opportunity summary
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About
This two bedroom ground floor retirement apartment is located just a short stroll from Wellington town centre with beautiful communal gardens and residents' parking available.
The apartment has been upgraded throughout by the current owner and is located on the south side of the building, flooded with natural light.
The living accommodation comprises a spacious sitting/dining room with ample room for furnishings whilst the adjacent kitchen is fitted with a comprehensive range of modern wall and base units with an integrated eye level oven, hob, fridge/freezer and dishwasher.
The sleeping accommodation is located to one side of the apartment with two bedrooms serviced by the modern shower room which has been fitted with a large walk in shower unit, hand wash basin and WC with sensor flush and automatic lighting.
The apartment further benefits from a built in storage cupboard and airing cupboard in the hallway.
Priory Court benefits from a residents' lounge, laundry room and guest suite for visitors, perfectly balancing the private apartments with community spirit.
Outside, there is an attractive approach to the development with resident and visitor parking and beautifully tended gardens, well stocked with a variety of mature flower and shrub borders.
There are a number of seating areas and a lit pathway through towards the town centre and all of the local amenities on offer.
LEASE AND CHARGES The property is leasehold with an assignable lease of 99 years starting 24th September 1990.
Occupants must be 60 years of age or over and have obtained the Estate Manager's approval for residency.
The Service Charge is £3,836.05 2025-2026 and includes the pull-cord emergency-alert system, Estate Manager services, management fee, window cleaning, maintenance and insurance of the buildings and gardens.
Upon re-sale of the property the vendor is liable to pay back into the sinking fund a contribution calculated at 1.5% per annum of the original purchase price for the years owned.
This information is correct as of the 30th April 2025.
LOCATION Wellington is a popular market town boasting an assortment of both independently run shops and larger national stores to include the well renowned Waitrose whilst also benefitting from a range of educational and leisure facilities a Sport Centre, cinema and The Cleve Hotel & Spa.
The landmark Wellington Monument showcases extensive views across the Blackdown Hills which is an Area of Outstanding Natural Beauty.
There is also a regular bus service to outlying villages and to the County Town of Taunton which is approximately 7 miles distant with its main line railway station.
The M5 Motorway can be accessed via Junction 26 just outside Wellington. DIRECTIONS From our Wellington town centre office proceed in the Taunton direction.
After St John's Parish Church take the first turning right into Priory and then the first turning left into Priory Gardens; Priory Court can be found towards the end on the left hand side.
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.
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