2-bedroom flat · TA19 9BL
Listing removedListed 487 days
Opportunity summary
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About
An exciting chance to acquire a spacious and well-proportioned 2 bedroom first floor flat with flexible accommodation, garden and situated within close proximity to the centre of Ilminster.
Offered with no onward chain. A superb opportunity to acquire a two bedroom, first floor apartment with garden and parking and situated within close proximity to the centre of Ilminster.
In brief the property comprises two bedrooms, WC, bathroom, sitting room, study/dining room and kitchen/breakfast room.
The bedrooms are both doubles and in turn are serviced by the family bathroom and separate WC.
The sitting room is well-proportioned and a lovely space to unwind whilst the study could easily be utilised as a dining room or further bedroom.
The kitchen/breakfast room can be found to the rear and also provides access both in and out of the property via an external staircase.
At circa 800 sq ft it is spacious and welcoming and will undoubtedly appeal to first time buyers and investors as well as those looking to be in close proximity to the centre of Ilminster and great communication links.
Please note the property is offered with no onward chain and is currently tenanted on a rolling contract.
Ilminster is a medieval former market town, situated about 12 miles south east of the county town of Taunton.
Surrounded by undulating open countryside designated a Special Landscape area, the majority of the town falls within a Conservation Area with many character properties built of the local mellow Hamstone.
The ancient Minster dominates the centre of the town. Ilminster offers a full range of amenities including doctors, dentist, shopping facilities and weekly market.
The town also benefits from an arts centre and theatre. There is schooling at primary and intermediate levels and churches of various denominations.
Ilminster has convenient road access to both the M5, junction 25 lies 11 miles to the north-west and to the A303, now dual carriageway most of the way to the M3.
Mainline railway stations are situated at Crewkerne 7 miles (London Waterloo) and Taunton 13 miles (London Paddington). Berrys coaches offer a service to London twice a day.
Bath, Bristol and Exeter offer excellent cultural and shopping facilities within easy travelling distance. The World Heritage designated coastline lies 18 miles to the South.
There is a designated parking space and garden which can be found to the rear of the apartment. It provides a useful space for alfresco dining and sitting out in the warmer months.
The property is accessed via an external staircase from the garden. Please note, Japanese Knotwwed has been found near the property.
The owner has informed us they will provide an indemnity insurance for this.
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 110a, Station Road, Somerset
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