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See how verdicts work1-bedroom flat · TA21 8BD
Sold STCListed 247 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious, second floor, one double bedroom apartment having recently been redecorated now offering a new kitchen and en-suite. Offered to the market with NO ONWARD CHAIN.
Located in a central position and within a short walk to the town centre, this second floor apartment is approached via a communal front door with intercom entrance system which opens into a hallway with stairwell rising to all floors.
On the second floor a private door opens into an entrance hall which leads to all rooms and benefits from a good size hallway cupboard which is ideal for shoes and coats.
The apartment is situated to the rear of the property and therefore enjoys a quiet position with the generous sitting room overlooking neighbouring gardens.
The newly fitted modern kitchen offers a range of wall and base units with space for a washing machine, fridge and benefits from a new electric oven, inset induction hob with extractor over and has been cleverly designed to maximise the space.
The spacious main bedroom provides storage wardrobes which houses the boiler and offers plenty of shelving and hanging space whilst the adjoining new fitted fully tiled contemporary en-suite offers a walk in shower cubicle, hand wash basin set into a vanity unit, low level w.c and heated towel rail.
Externally the property is set back from the road leading into a communal area which also provides an area for bin stowage and steps to the front entrance.
On road parking is available or a permit can be purchased for the local council car parks.
This apartment is warmed by central heating and is perfectly placed for commuting with excellent road and rail networks to hand.
LEASE INFORMATION This property is LEASEHOLD, with a length of 999 years commencing from 2005.
Ground rent is £250 per annum and the owner is required to pay 1/7th of the insurance and building maintenance.
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.
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.
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
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FAQ
About 104 Mantle Street, Wellington
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