2-bedroom flat · TA24 8AB
For saleReduced £5k (−2.7%) on 14 OctListed 22 days
Opportunity summary
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About
The apartment forms part of a most attractive 1920s terraced building divided into two self-contained apartments located on the level close to the delightful Parks Walk and within 250 yards of the town centre.
The apartment, which has the benefit of having its own private entrance was converted from former shop premises in 2022/3 and offers gas centrally heated and double glazed accommodation in brief comprising; recessed porch with entrance door into a hall with wood effect flooring, an open plan living room with fitted kitchen is to the rear of the apartment and features a range of grey gloss coloured base and wall units with marble effect worktops incorporating a breakfast bar with matching upstands, stainless steel single drainer sink unit, integrated hob and oven with stainless steel hood, deep understairs storage cupboard and wood effect flooring.
There are two double bedrooms both with double glazed windows to the front and to complete the accommodation is a modern shower room fitted with three piece white and chrome suite.
There is no outside space and on street parking is available close by. From our office in Friday Street turn right then keep left into following the road into Park Street.
At the junction at the top Park Street, fork left into Parkhouse Road and the property will be found just along on the left hand side.
Porch Hall Living Room/Kitchen (7.5m x 3.7m) Shower Room Bedroom 1 (4.78m x 2.64m) Bedroom 2 (4.78m x 2.54m)
Value & comps
No previous sales on record.
Returns
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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 5, Parkhouse Road, Somerset
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