2-bedroom flat · TA24 6AN
Listing removedListed 96 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pointer Properties are pleased to offer for rent this well presented and modern two bedroom first floor apartment.
Located close to the shops and schools in Alcombe this two bedroom flat offers an open plan lounge/kitchen, utility room, family bathroom and two bedrooms.
It also benefits from off street parking for one vehicle. Available now.
Epc Band E Application Procedure: Once an applicant has viewed a property and decided that they would like to proceed with a tenancy at an agreed level of rent, the landlord and the agent are in principle happy with this, then a tentative acceptance of this offer will be subject to the following requirements: Holding Deposit: A holding deposit is a permitted payment taken before granting of a tenancy.
1. An initial holding deposit equivalent to one week’s rent can be held whilst we undergo the relevant credit checks and referencing and acts as a sign of their intent to proceed with the tenancy.
This deposit can be held for 15 days after which we will either offer a tenancy or refund the money.
Should the applicants referencing not be completed within the15 days we can extend this deadline with the applicant’s permission. 2. All referencing forms are returned completed & signed.
At this point and only at this point will the property be removed from the market.
Once the referencing and credit checks have been applied and we are happy to proceed with the tenancy then the holding deposit will act as rent or deposit.
This holding fee is non refundable if it is found that the tenant has provided us with false or misleading information.
You should be aware that the need for a Guarantor may not become apparent until your referencing, (including for any joint tenants) has been completed.
Deposit: A tenant’s deposit is equivalent to five weeks rent to be paid at the start of the tenancy. Any alternations/variations to the tenancy agreement; GBP50. All charges are inclusive of vat.
Any keys or security devices that are lost during the tenancy will be charged to the tenant.
Please ask us to explain the procedures for applying for a tenancy and the terms as to which your tenancy is offered. Contact Us: Pointer Properties 9 Park Street Minehead Somerset TA24 5NQ Tel:
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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 Lower Meadow Court Flat 2, Lower Meadow Road, Minehead
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