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See how verdicts work2-bedroom flat · TA21 8LT
For saleReduced £5k (−7.1%) on 3 JulListed 550 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being offered to the market with no onward chain, this two-bedroom apartment is located in a sought-after over 55’s retirement complex, just a short stroll from Wellington town centre.
The property presents a fantastic opportunity for those seeking independent living, alongside the reassurance of a 24-hour care line and on-site house manager.
Situated within close proximity of Wellington Town Centre, the apartment enjoys a prime, convenient position.
Inside, the property offers the potential for improvement and offers a sitting/dining room, a well-equipped kitchen, a master bedroom, a second bedroom, and a bathroom.
Residents have access to a range of communal facilities, including a lift servicing all floors, a recently updated residents' lounge with an adjoining kitchenette for social events and coffee mornings, and a laundry room on the lower ground floor with washing and drying facilities.
Parking is available at the front of the development on a first-come, first-served basis.
The communal gardens are beautifully maintained, offering plenty of seating areas where you can relax and enjoy the surroundings with friends and family.
Leasehold details are as follows: Service Charge: £4899.66 per annum. Ground Rent: £474.74 per annum. Term: Approx. 92 years remaining. 125 years from 1 January 1992.
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
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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
Agent & docs
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FAQ
About Flat 35, Bishops Court,, North Street, Somerset
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