2-bedroom flat · TA24 6JU
For saleListed 206 days
Opportunity summary
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About
A well-presented two-bedroom ground floor purpose-built flat situated in the popular seaside village of Blue Anchor.
The vendors are seeking a sale to an investor purchaser, with a preference for maintaining the current tenants in situ.
Description: Brought to the market with no onward chain, this two-bedroom purpose-built flat in brief comprises; The porch provides access into the entrance hall with doors to all rooms.
The living room benefits from a feature fireplace and a window overlooking the immaculate front garden. From the living room you gain access into the Kitchen also with a front aspect.
The kitchen is fitted with a range of wall and base units, stainless steel sink with drainer incorporated into the work surface with tiled backsplash, space for gas hob and extractor hood over, space for free standing fridge/freezer, space and plumbing for washing machine.
The family bathroom comprises; low level WC, integrated storage cupboard, hand basin with storage below and panel bath with shower over.
Bedrooms one and two are double rooms with a rear aspect overlooking the private garden. There is a useful utility room and various storage cupboards throughout the entrance hall.
Agents note: The vendors are seeking a sale to an investor purchaser, with a preference for maintaining the current tenants in situ.
Services and outgoings: We understand that mains electric, gas, water and drainage are connected to the property. Gas fired central heating. Council Tax: Somerset Council-Band A.
Lease Information: The property is offered on a leasehold basis and benefits from a share of the freehold. The term of the lease is 999 years from 25.03.1996, with 970 years remaining.
Additional information: Broadband: Fttc-Superfast broadband is available-highest available download speed 80 Mbps, highest available upload speed 20 Mbps. (Openreach).
Mobile Coverage: Available via EE, O2, three and vodafone. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a very low risk from River/Sea and Surface Water flooding.
Situation: Set in the coastal village of Blue Anchor where the beach, coastline and West Somerset Steam Railway are notable attractions, Blue Anchor is approximately 4.5 miles from the premier resort of Minehead.
Blue Anchor has a restaurant and public house together with a station for the West Somerset Stream Railway.
In addition to the harbour, parks and other attractions, Minehead offers schools, churches, supermarkets, restaurants and public houses together with other amenities.
Taunton the County town is approximately 21 miles away with main line train station and access to the motorway network.
Outside and gardens: The flat is approached over a private driveway giving access to four allocated parking spaces, additional communal parking spaces, separate garage with mains electricity and a built in Tesla charger located to the side.
To the front of the property is an attractive and well maintained garden laid mostly to lawn with a shed and side pathway giving way to the front entrance and rear garden.
The rear garden has a patio which would be perfect for al fresco dining. In addition to this there is an area of lawn and a summerhouse.
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
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FAQ
About Flat 4, Grove House,, Blue Anchor, Somerset
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