1-bedroom flat · BS24 7FU
Listing removedListed 239 days
Opportunity summary
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About
* two terraces & no chain!
* Mayfair Town & Country are delighted to present to the market this exceptionally spacious ground floor apartment, available under the Discounted Market Unit Scheme (subject to specific eligibility criteria).
Offering a square footage comparable to some two-bedroom flats in the area, this impressive home stands out for its generous proportions and the rare benefit of two terraces - an opportunity not to be missed.
Immaculately presented throughout, the accommodation comprises a welcoming and spacious entrance hallway with two large storage cupboards, a superb 22ft kitchen/dining area flowing into the lounge with direct access to the first terrace, and an impressive 18ft bedroom featuring ample storage and its own terrace.
A well-appointed family bathroom and an allocated parking space complete this fantastic home.
An ideal purchase for first-time buyers looking to step onto the property ladder and offered with no onward chain.
Communal Hallway Secure front and rear entrances into the communal hallway with intercom systems.
Internal door to; Hallway Double door storage cupboard housing the consumer unit, an additional large storage cupboard, radiator, thermostat controls, intercom system and doors to; Kitchen/Dining Area (6.81m x 2.51m (22'4" x 8'3")) The kitchen comprises a range of matching high gloss wall and base level units with complimentary worktop space over, inset stainless steel sink with adjacent drainer and mixer tap over, four ring gas hob with stainless steel splashback and extractor over, double electric oven, space for fridge/freezer and plumbing for washing machine, ample space for dining table and chairs, vinyl flooring, opening to; Lounge Area (4.62m x 3.02m (15'2" x 9'11")) UPVC double glazed windows to the front, two radiators, television and telephone point, UPVC double glazed sliding door opening to the terrace with decked flooring and glass balustrades.
Bedroom (5.69m x 2.95m (18'8" x 9'8")) UPVC double glazed windows to front, build-in wardrobe, airing cupboard housing the gas central heating combination boiler and storage, radiator, television and telephone point, UPVC double glazed sliding door opening to the terrace with decked flooring and glass balustrades.
Bathroom (2.72m x 1.73m (8'11" x 5'8")) White suite comprising low level WC, hand wash basin with mixer tap over and tiled surround, panelled bath with taps and shower over with tiled surround, towel radiator and extractor.
Allocated Parking We have been advised the property has an allocated parking space to the side of the building.
Required Criteria Under the 106 agreement associated with this property which allows for the 25% reduction, the following criteria much be met by a prospective buyer: By choice, lived in North Somerset for three consecutive years preceding the date of application or By choice, previously lived in North Somerset for ten consecutive years if no more than five years prior to the date of application or Retained continuous employment in North Somerset, of a minimum of 16 hours per week, for at least 12 months preceding the date of application or Has a family connection who lives in North Somerset at the date of application and, complies with the Financial Criteria (no more than £80,000 pa household income).
Leasehold Information We have been advised the property has the remainder of a 250 year lease which commenced on 1st June 2019, with an annual ground rent of £155.
We have been advised there is an annual building maintenance charge of roughly £1514.60 which includes the building insurance and upkeep of the communal hallways.
There is an annual estate charge of roughly £349.86 which includes the upkeep of the communal parks and surrounding areas.
Material Information We have been advised the following; Gas - Mains Electricity - Mains Water and Sewerage - Bristol and Wessex Water Broadband - For an indication of specific speeds and supply or coverage in the area, we recommend visiting the Ofcom checker at .
Mobile Signal - No known restrictions, we recommend visiting the Ofcom checker at .
Flood-risk - Please refer to the North Somerset planning website if you wish to investigate the flood-risk map for the area at .
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 2, 96, Bowen Road, Locking Parklands
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