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See how verdicts work1-bedroom flat · BS23 2BS
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Vacant, chain free & priced to sell-fantastic opportunity to refurbish leasehold 947 years remaining service charge £1236 per annum (£103 paid monthly) ground rent £15 per annum Offered to the market with no onward chain and vacant possession, this one bedroom flat is attractively priced to sell and represents a compelling opportunity for both first-time buyers and investors alike.
Situated on the third floor of a well-maintained period building, overlooking Marine Lake, the property requires refurbishment, allowing purchasers to tailor the interior to their own tastes and specifications.
The flat enjoys a long leasehold tenure with approximately 947 years remaining, ensuring peace of mind for years to come.
The service charge is set at £1,236 per annum (approximately £103 per month), covering the upkeep of communal areas and building management. The ground rent is £15 per annum.
Residents benefit from unallocated off road parking, adding convenience for car owners.
The flat comprises a well-proportioned double bedroom, a bright living area, separate kitchen, and a bathroom, all offering scope for modernisation and improvement.
With an EPC rating of D and the potential to reach a B rating following upgrades, the property offers excellent prospects for enhanced energy efficiency.
The council tax is banded at A, making it an economical choice for ongoing costs.
Located within close proximity to the picturesque Marine Lake, the seafront, and a wide range of town centre amenities, the flat is ideally positioned for those seeking easy access to leisure, shopping, and transport links.
For investors, the property presents a strong rental prospect with an estimated achievable rent of approximately £700 per calendar month, representing a gross yield of around 10 percent per annum.
This combination of affordability, location, and potential for value enhancement makes this flat a standout opportunity in the current market.
Early viewing is highly recommended to appreciate the potential and secure a property with genuine scope for capital growth and attractive rental returns.
A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
EPC Rating: D Location Flat 8, Folkstone Court, 7 Manilla Crescent - BS23 2BS Parking - Off Street Unallocated Spaces
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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.
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FAQ
About Flat 8, Folkstone Court, Weston-Super-Mare
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