1-bedroom flat · BS48 2BP
For saleListed 264 days
Opportunity summary
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About
Situated close to shops and amenities Pegasus Court is a popular purpose built retirement complex.
This one bedroom retirement apartment located on the ground floor comprises; a fitted kitchen with integrated oven and hob overlooking the communal gardens, a generous lounge/diner with feature fireplace and a door out onto a patio area, a large bedroom with two double wardrobes and a four piece bathroom suite with a separate shower cubicle.
The apartment further benefits from well maintained communal gardens, parking, laundry room and residents lounge. Viewing is highly recommended.
EPC: C All sizes are approximate, the accommodation comprises: Entrance Composite door leading into the entrance hallway Entrance Hall 1m x 3.05m (3' 3" x 10' 0") Georgian style panelled doors leading into the lounge diner, bedroom, bathroom and cupboard housing the immersion tank, telephone point, secure entry system, pulley cord and electric wall-mounted heater Lounge diner 4.57m x 3.45m (15' 0" x 11' 4") uPVC double glazed window overlooking the rear garden and uPVC door allowing access into the back patio area, television point, telephone point, feature fireplace with composite surround incorporating an electric coal effect fire, coving to ceiling, glazed door into the kitchen Kitchen 1.96m x 2.34m (6' 5" x 7' 8") uPVC double glazed window, inset stainless steel bowl and drainer with swan neck mixer tap over, range of shaker style drawers, eyeline and base units with marble effect roll top work surfaces over, integrated Hotpoint ceramic hob with extractor fan over, integrated eyeline Hotpoint oven, space for fridge freezer, tiled splashbacks and tiled effect vinyl floor covering Bedroom 5.7m x 2.62m (18' 8" x 8' 7") Georgian style panelled door leading into the good sized storage cupboard which houses the fuse board and has wall-mounted coat hooks, wall-mounted electric heater, fitted double wardrobe providing hanging and storage provisions, uPVC double glazed window overlooking the garden Bathroom 1.96m x 2.5m (6' 5" x 8' 2") Four piece suite comprising of panelled bath with hand-held shower attachment and mixer tap over, wash hand basin inset in vanity unit with cupboards below and to the side, close-coupled WC, shower cubicle housing the thermostatic shower, chrome heated towel rail, Dimplex wall heater, fully tiled, retractable line, extractor fan and pulley cord emergency pull cord Communal Facilities Pegasus Court benefits from a secure entry system and a residents lounge where a variety of events regularly take place.
The lounge has double doors that open into the well maintained communal gardens with pleasant seating areas placed throughout the extensive grounds.
On the top floor there is a guest suite and to the ground floor there is a laundry room which benefits from washing machines and tumble dryers. Pegasus court also benefits from a site manager.
Additional Information Ground rent payable - £459.00 per annum * Service charge payable - £2,092.04 per annum * * Fees can be subject to change Council Tax The current banding and charge for 2025/2026 is Band C at £2,030.10 per annum.
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, North Somerset, BS48
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