1-bedroom flat · TA21 8BD
Sold STCListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Flat B, 104 Mantle Street is a recently refurbished ground floor one bedroom flat of generous proportions with a private rear garden.
This unique flat is built with brick and block, internally soundproofed and also enjoys the features of a character property such as the high ceilings, large windows providing plenty of natural light with the added benefit of being within walking distance of the town centre.
The property comprises in brief; steps lead to a door into the hallway providing access to the principal rooms along with a useful storage cupboard.
The living/dining room enjoys a front aspect via a large, walk-in bay window and the kitchen is situated at the rear of the property.
The kitchen is modern with a range of wall and base units with contrasting worktops and tiled splashbacks along with a stainless steel sink, an integrated single oven and a four ring gas hob with an extractor above.
There is a space for a fridge/freezer, washing machine and a door leads to the rear garden.
The bedroom is light and spacious with a view of the rear garden along with the added benefit of a triple wardrobe space.
Externally, the rear garden is set across two levels with steps leading to a patio area for seating and further steps to an area of lawn.
Overall the property is in excellent condition throughout and viewings are advised to appreciate all that this property has to offer.
Agents note: This property is LEASEHOLD with a length of 999 years commencing from 2005.
The Ground rent is £50 per annum and the owner is required to pay 1/7th of the insurance and building maintenance.
Directions From our Wellington town centre office proceed in the Exeter direction continuing straight on at the town centre traffic lights, passing the Wellesley Cinema on your left hand side.
A short distance after this you will find the property on your left hand side.
Location Wellington is a popular market town boasting an assortment of both independently run shops and larger national stores to include the well renowned Waitrose whilst also benefitting from a range of educational and leisure facilities a Sport Centre, cinema and The Cleve Hotel & Spa.
The landmark Wellington Monument showcases extensive views across the Blackdown Hills which is an Area of Outstanding Natural Beauty.
There is also a regular bus service to outlying villages and to the County Town of Taunton which is approximately 7 miles distant with its main line railway station.
The M5 Motorway can be accessed via Junction 26 just outside Wellington. Lease Information This property is LEASEHOLD, with a length of 999 years commencing from 2005.
Ground rent is £50 per annum and the owner is required to pay 1/7th of the insurance and building maintenance. The lease prevents cats and dogs at the property and no laminate flooring.
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 104, Mantle Street, Wellington
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