1-bedroom flat · BS48 2BP
For saleReduced £5k (−2.9%) on 22 OctListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within a popular and welcoming retirement development, this attractive second-floor apartment offers comfortable accommodation, a peaceful setting and a wonderful outlook over the communal gardens.
A particular highlight is the private balcony, accessed directly from the living room, providing a lovely space to sit and enjoy the beautifully maintained surroundings.
The property is entered via an entrance hall, which benefits from a useful built-in storage cupboard and provides access to the accommodation.
The main living and dining room is a bright and comfortable space, with access to the separate kitchen and balcony.
The kitchen is fitted with matching wall and floor units, providing a practical space for everyday cooking.
The bedroom is a comfortable room with built-in storage, while the bathroom is conveniently positioned and includes a bath with separate shower, WC and wash hand basin.
Outside, the private balcony is undoubtedly one of the property's key features, overlooking the communal gardens and creating a tranquil spot to relax or enjoy a morning coffee.
Residents can also enjoy the wider communal grounds and facilities offered by the development.
The development provides a communal lounge with kitchenette, ideal for socialising and taking part in activities, along with a visitor suite and parking available on a first-come, first-served basis.
There is lift access, an in-house laundry room operated on a rota basis, 24-hour emergency pull cords and a full-time on-site house manager, providing reassurance and support when required.
The property is also conveniently positioned within a level walk of Nailsea Town Centre, offering easy access to a range of local amenities and everyday conveniences.
Overall, this is a lovely one-bedroom retirement apartment offering comfortable living, excellent storage and the added benefit of a beautiful private balcony overlooking the communal gardens.
It provides an appealing balance of independence and community. Utilities Mains electric, water and drainage.
Broadband and mobile coverage Standard broadband available with highest available download speed 22 Mbps and highest available upload speed 1 Mbps.
You may be able to obtain broadband service from fixed wireless access providers covering this area – EE + Three Mobile coverage is good outdoor and in-home. Subject to your network.
This information has either been sourced via the sellers of the property or and is accurate to the best of knowledge.
Lease Information 125 year lease from 01/01/2009 Service Charge = £2,415 pa Ground rent - £415 pa Building is managed by First Port.
Freehold owned by Jay Allied Assets Ltd Pets are allowed via a separate agreement with the management company The lease permits letting via a separate agreement with the management company The lease does not permit Holiday lets/Air bnb.
This information has been supplied by the vendor at the time of marketing and is correct to the best of our knowledge.
We would recommend that any interested party seeks verification of this information from their solicitor prior to purchase.
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 Flat 51, 83, Pegasus Court, Silver Street, Nailsea
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