Modern Method of Auction
Auction date not yet published
2-bedroom flat · TA4 2JP
Sold STCReduced £20k (−25%) on 4 SepListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary An appealing two bedroom apartment offering well-proportioned accommodation, including a particularly impressive 31-foot living room.
Situated in a well-established residential setting, the property is available with no onward chain.
Description Flat 6, London House is an appealing second floor apartment occupying a central position in the popular town of Wiveliscombe.
Providing approximately 661 sq ft of well-planned accommodation, entered via a welcoming entrance hall leading to the principal rooms.
The generous living room offers an excellent space for relaxing and entertaining, with plenty of natural light and ample flexibility for furniture arrangements.
The fitted kitchen provides a range of wall and base units, work surfaces and space for essential appliances.
There are two well-proportioned bedrooms, offering versatile accommodation with potential for use as a home office or study if required, while the bathroom is fitted with a bath and shower, wash hand basin and WC.
The property is conveniently positioned for local amenities, shops and everyday facilities, with the surrounding countryside offering opportunities for walking and outdoor pursuits.
Road and public transport links provide access to neighbouring towns and the wider region, with rail connections offering routes towards Taunton, Bristol, Exeter and London.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance Hall A welcoming entrance hall providing access to all principal rooms, with useful space for coats and shoes and a natural flow through the apartment.
Living Room A particularly impressive 31-foot living room, providing an excellent space for both relaxing and entertaining.
The room benefits from windows to the front and side aspects, creating a light and airy feel, while its generous proportions offer considerable flexibility for different furniture arrangements.
Kitchen A well-appointed fitted kitchen comprising a range of wall and base units with work surfaces over, incorporating a hob and sink with space for additional appliances.
A practical and conveniently positioned space for everyday cooking.
Bedroom One A generous double bedroom with windows to the side aspect, providing an excellent amount of space for a range of bedroom furniture.
The room could also comfortably accommodate a home working area if required.
Bedroom Two A well-proportioned second bedroom with side aspect window, offering a versatile space ideal as a bedroom, guest room or home office.
Bathroom A modern-style bathroom fitted with a panelled bath with shower over, wash hand basin and WC, complemented by part-tiled surrounds. Lease details are currently being compiled.
For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs. 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: Connells 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: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
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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 starting price
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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 advisors before making any investment decisions.
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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
FAQ
About Flat 6, London House, West Street, Taunton
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