1-bedroom flat · TA21 0AP
Sold STCListed 242 days
Opportunity summary
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About
A spacious one double bedroom first floor apartment that could readily be converted to a two bedrooms, complete with low maintenance rear garden, additional storage and NO ONWARD CHAIN.
The apartment is fitted with gas central heating and uPVC windows. Steps lead into the apartment, with a hallway and stairs rising to the accommodation.
The dual aspect sitting/dining room is flooded with natural light and has a working fireplace, creating a real focal point to the room.
It could also easily be partitioned to create a second bedroom, while still retaining a good-sized lounge, should the buyer prefer more accommodation.
The kitchen is situated at the rear and offers a good range of matching wall and base units with ample space for all kitchen white goods, which are included in the price (washing machine/dryer, cooker and fridge-freezer).
There is also a useful pantry, perfect for further storage.
The double bedroom overlooks the front and is generous in size, offering plenty of space for furnishings and has the added benefit of a large over stairs cupboard.
Across from the bedroom is a family bathroom consisting of a three-piece white suite with shower over the bath and heated towel rail.
Externally, the property is set back from the road and approached via a close servicing just eight properties, with ample on street parking.
A short pathway leads to the front door, where there is an area laid to gravel, along with a path leading around the side of the property.
Here you will find a level, fully enclosed rear garden laid to gravel. A coal shed and further outdoor storage are perfect for housing bins and garden furniture.
LOCATION The property is located approximately one mile from Wellington town centre (flat walk) in the Tonedale area of town, with direct access to the Somerset countryside and lots of walks from the front door, including the Wellington Basins, woodland, the local swimming pool, sports centre and Wellington Park, which features regular concerts at the weekend.
On the 'doorstep' you have a One Stop supermarket and a café/coffee roasters and artisan bakery.
A regular bus service to Wellington town centre and onto Taunton via Musgrove hospital stops at the end of the road.
Wellington is a popular market town with a buzzing high street consisting of both independent and chain stores, including an award-winning butcher, several cafés, pubs (including a beautifully converted Wetherspoons), restaurants and takeaways.
The centre has several supermarkets, including a Waitrose, while there is a Lidl on the edge of town. Regular food markets are hosted during the summer and...
DIRECTIONS From our Wellington town centre office proceed to the town centre traffic lights turning right into North Street.
Continue along the road which becomes Waterloo Road and then Station Road.
Cross the railway bridge and shortly afterwards the property can be found on the right hand side opposite “One Stop” as indicated by our For Sale Board.
LEASEHOLD INFORMATION We understand from the current owner that the length of the lease is 125 years from 1994.
MAINTENANCE AND SERVICE CHARGES: The current service charge is approximately £126.50 per annum which includes the building insurance, GROUND RENT: £10 per annum. (correct as of 22nd May 2024).
AGENTS NOTE There are shared front and side pathways to the property.
Value & comps
No previous sales on record.
Returns
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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
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