5-bedroom detached house · TA23 0BJ
For saleListed 13 days
Opportunity summary
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About
Two adjoining dwellings offered together – potential for home with income, multi-generational living, or to reinstate as a single house (stpp).
An unusual opportunity to acquire both self-contained maisonettes which make up this property, being offered for sale together by agreement of the two separate owners.
West Bay House - £235,000 West Bay Penthouse - £125,000 Combined asking price - £360,000 The two properties are currently separately owned and comprise separate titles.
The owners are jointly marketing them to provide purchasers with the opportunity to acquire both and, subject to the necessary planning, building regulations and other consents, potentially reinstate the property as a single dwelling.
As 2 dwellings the property offers considerable potential for a home with income, or for multi-generational living.
The two properties are not being sold as a single legal title and any purchaser wishing to acquire both will need to purchase both properties.
West bay house -ground floor - freehold Well presented ground floor freehold maisonette with annex potential situated in a convenient position on the edge of Watchet with sea views!
The property benefits from a garage, courtyard garden, and off road parking for 3 cars.
The property is of traditional construction under a tiles roof and benefits from gas fired central heating and double glazing.
The accommodation comprises - porch/sun room, sitting/dining room, kitchen, master bedroom with ensuite shower room, further double bedroom, rear hall, and bathroom.
Accessed from both the rear hall and an independent external door, there is a kitchen, sitting room, single bedroom, and shower room.
The current owners use it as part of the main house, but it could also be split to form a small annex. Externally the property is accessed via West Bay Residential Park.
The property has a detached single prefab concrete garage with light and power, with one parking space in front if it.
To the other side of the property, there is a driveway providing off road parking for 2 further cars.
The garden lies mainly to the side and rear of the house and has been paved with ease of maintenance in mind - offering a lovely space to sit and enjoy the sea view!
There is pedestrian access across part of the rear garden to an external staircase leading to the first floor apartment.
West bay penthouse - first floor - leasehold Charming 2 bedroom first floor apartment with fantastic panoramic sea and countryside views which can be enjoyed from the living area and the private deck.
Benefitting from electric central heating and double glazing, the property has been finished to a high standard including oak flooring throughout and offers kitchen/living area, 2 double bedrooms, bathroom and a fantastic decked terrace from where the panoramic sea and countryside views can be enjoyed.
Residents parking permits can be obtained from the nearby car park (subject to availability). Tenure: Leasehold. A new 999 year lease was granted on the 1st January 2021.
Service charge - £480 per year payable to the ground floor freeholder (this could be changed or abolished if the property were to be purchased as a whole).
The Penthouse is tenanted and available with a tenant in situ. Services - mains electricity and drainage.
Water is mains and a fixed fee of £21 per month per maisonette is paid to the park for the water supply. Gas central heating in the ground floor only.
The property is situated in a convenient location on the edge of the town yet still within an easy walk of the town centre.
Watchet is a thriving historic harbour town with a marina for boating enthusiasts.
The town has a good range of facilities meeting most everyday needs as well as a large variety of independent antique, gift and art shops.
Watchet has a station on the West Somerset Heritage Steam Railway - the longest in the country which links it to the coastal resort of Minehead.
Set between the Quantock and Brendon Hills and the Exmoor National Park this is a great area for walking and outdoor pursuits.
Taunton (18 miles), the county town, gives access to the motorway network and fast trains (from 1 hour 40 minutes) to London.
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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About West Bay House & Penthouse, West Street, Watchet
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