2-bedroom flat · TA24 8DW
For saleListed 266 days
Opportunity summary
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About
TWO BEDROOM APARTMENT WITHIN THE STUNNING PERITON MEAD HOUSE - with two allocated parking spaces and attractive communal gardens.
A stunning two double bedroom first floor apartment with two allocated parking spaces forming part of the magnificent Periton Mead house.
This beautiful Grade II listed property has been lovingly converted by local developer Ware to provide fourteen one, two and three-bedroom apartments and one, two-bedroom coach house, the majority of which retain the original stone mullion windows and two of which retain original fireplaces.
AGENTS NOTE: The property is leasehold and will be held under the terms of a new 999 year lease.
A management company will be set up to deal with the maintenance of the gardens and parking area, the maintenance and cleaning of the common areas of the building and the insurance of the whole building.
There will be an initial service charge payable of approximately £132.00 per month. Wilkie May & Tuckwood are delighted to be able to offer this newly converted two-bedroom apartment.
The accommodation comprises in brief: entrance through an impressive front door into communal hallway with stairs to the first floor and front door into the apartment hallway which has a large storage cupboard.
From the hallway doors open to the kitchen/lounge/diner, bathroom and bedrooms. The kitchen/lounge/diner is a lovely large room which retains one sets of mullioned windows.
The kitchen area is fitted with a modern range of wall and base units, sink and drainer incorporated into work surface and fitted appliances to include electric oven and hob with extractor hood over, dishwasher and fridge/freezer.
There is also space and plumbing for a washer/dryer. There are also two double bedrooms.
One bedroom has a large mullioned window to the side and the other, has two mullioned windows creating a lovely, light room. The bathroom is fitted with a modern three piece suite.
Positioned as it is in the building, this property also enjoys lovely views over the communal gardens towards North Hill.
Outside, the communal gardens are to the side and rear and predominantly laid to lawn with seating areas. The property also has two allocated parking spaces.
GENERAL REMARKS AND STIPULATION Tenure: The property is offered for sale leasehold by private treaty with vacant possession on completion.
Services: Mains water, mains electricity, mains drainage and electric fired central heating.
Local Authority: Somerset Council, Deane House, Belvedere Road, Taunton TA1 1HE Property Location: ///presenter.topping.overture Council Tax Band: TBA Broadband and mobile coverage: We understand that there is good mobile coverage.
The maximum available broadband speeds are 1800 Mbps download and 220 Mbps upload.
We recommend you check coverage on Flood Risk: Surface Water: Very low risk Rivers and the Sea: Very low risk Reservoirs: Unlikely Groundwater: Unlikely.
We recommend you check the risks on Local planning information is available on
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.
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