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See how verdicts work2-bedroom flat · BA5 2TD
Listing removedListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious ground floor apartment available under a Leasehold Scheme for the Elderly (lse), with the opportunity to purchase a 70% share of the market value.
The scheme is available to purchasers aged 55 and over who do not own another property, with all applicants subject to the housing association's eligibility criteria and approval.
Situated within a well-maintained purpose-built development for the over 55s, this spacious ground floor apartment offers comfortable, low-maintenance living in a convenient setting.
The development benefits from a lift to all floors, secure entry phone system, residents' parking, and attractive communal gardens and courtyard areas.
The quoted price represents a 70% shared equity purchase. Any prospective purchaser will be required to meet the housing association's eligibility criteria, and relevant restrictions will apply.
The apartment is accessed via a well-presented communal hallway with lift access.
A private entrance door opens into a hallway featuring a useful walk-in storage cupboard and a separate airing cupboard.
The bright and generously proportioned sitting room enjoys a dual aspect, creating a light and airy living space.
The adjoining kitchen overlooks the eastern aspect and is fitted with a range of wall and base units, with space for a fridge/freezer and plumbing for a washing machine.
There are two well-proportioned bedrooms, together with a bathroom completing the accommodation. Further benefits include double glazing throughout and electric heating.
Agents note: Live West have advised that a new 60 year lease will be granted. The service charge is currently £178.10 per month and will remain the same until 30th September 2026.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
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FAQ
About Flat 4, Old School Place,, North Grove, Somerset
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