2-bedroom flat · TA20 1GA
For saleListed 100 days
Opportunity summary
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About
Ground floor 2 bedroom flat with direct access to the gardens within easy reach of the town centre and its amenities for occupants of age 55 and over. EPC: Band C.
This warden assisted McCarthy and Stone apartment comes to the market providing independent living with the benefit of the in house manager for occupants of age 55 and over.
The communal areas can be used by all residents and includes the large residents lounge, laundry room, communal gardens and the use of a separate visitors apartment, which can be used for guests.
A service charge is applicable for the owners and includes buildings insurance, maintenance of the building, water and drainage charges and use of all of the on site facilities.
Each room has access to the day manager and there are emergency call points throughout the building.
The accommodation comprises of an entrance hallway, kitchen with eye level Neff cooker, generous living room with access to the gardens and patio area, two spacious bedrooms with built in storage and bathroom.
Lease Information: This property benefits from no ground rent, with a service charge of £4,431.58 per annum (paid half-yearly).
The property is offered on a leasehold basis The term of the lease is 125 years from 2004, with 103 years remaining.
The property is conveniently set about 1⁄2 mile from the centre of Chard and within a short walk of Tesco's.
The town is well served with a choice of major supermarkets, smaller retailers, educational and leisure facilities.
The County Town of Taunton is 14 miles to the North and the South Coast a similar distance away at Lyme Regis.
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
FAQ
About 1 Victoria Court,, Victoria Avenue, Somerset
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