1-bedroom flat · TA24 5QR
Opportunity summary
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About
Metropole Court, built in 1892, is an impressive Victorian building on Minehead’s seafront, originally a grand hotel and later converted into apartments, set within communal grounds with residents’ parking and an internal lift.
This particular apartment is located on the third floor and enjoys sweeping views across Minehead Bay towards the old harbour.
The well-presented accommodation benefits from double glazing and modern electric storage heating, and briefly comprises: Private entrance hall, lounge, recently fitted kitchen with appliances (oven, hob, fridge, freezer, and washing machine), double bedroom, and shower room.
There is also an additional storage room.
Agents Note: Please be aware that pets are not permitted to live in the building due to clauses within the head lease, which are beyond the landlord’s control.
The property is currently let, with the tenant expressing an interest in remaining should an investor purchase. Alternatively, vacant possession can be offered if preferred.
Services Mains water, drainage and electricity. Tenure Leasehold. Remainder of a 999 year lease.
Service charge At present £2000 per annum From our office in Friday Street, turn right and continue down through the town centre towards the seafront.
On reaching the seafront, turn immediately left along The Esplanade, where Metropole Court will be found shortly after on the left-hand side.
Entrance Hall Living Room (3.9m x 3.2m) Max Kitchen (2.9m x 2.67m) Max Bedroom (3.89m x 2.51m) Max Shower Room (2.74m x 1.17m)
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
Agent & docs
FAQ
About 24, Metropole Court, Somerset
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