2-bedroom flat · BA4 5EN
Sold STCListed 132 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An extremely spacious top floor two bedroom apartment which has been rented out for the past few years. With generous room sizes throughout and an allocated parking space, it really is one to view.
It would benefit from general updating and is being offered with no onward chain.
Location Shepton Mallet provides a good choice of shopping facilities, a garden centre, numerous pubs, restaurants, an outdoor swimming pool and a leisure centre.
The ever popular Art Bank cafe has regular music nights and events. The town also provides both primary and secondary schools and has a bus link to Wells Blue School.
With good road links to Bristol and Bath c.21 miles and the A303 Podimore Junction 14 miles. Bristol International Airport is 22 miles and Castle Cary railway station 7 miles.
Directions Take the A371 from Wells to Shepton Mallet. Upon entering Shepton Mallet take the first left at the roundabout onto Rectory Road and then the next left into Cats Ash.
Continue down the hill and turn right at the bottom into Longbridge.
The Old Coach House will be found on the left after approx 100m Material Information All available property information can be provided upon request from Holland & Odam.
For confirmation of mobile phone and broadband coverage, please visit checker.ofcom.org.uk Identity Verification To ensure full compliance with current legal requirements, all buyers are required to verify their identity and risk status in line with anti-money laundering (AML) regulations before we can formally proceed with the sale.
This process includes a series of checks covering identity verification, politically exposed person (PEP) screening, and AML risk assessment for each individual named as a purchaser.
In addition, for best practice, we are required to obtain proof of funds and where necessary, to carry out checks on the source of funds being used for the purchase.
These checks are mandatory and must be completed regardless of whether the purchase is mortgage-funded, cash, or part of a related transaction.
A disbursement of £49 per individual (or £75 per director for limited company purchases) is payable to cover all aspects of this compliance process.
This fee represents the full cost of conducting the required checks and verifications.
You will receive a secure payment link and full instructions directly from our compliance partner, Guild365, who carry out these checks on our behalf.
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Longbridge, Shepton Mallet
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