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See how verdicts work2-bedroom flat · BS23 4AL
Sold STCReduced £15k (−4.3%) on 26 SepListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious And Beautifully Positioned First-Floor Retirement Apartment For Over 60s, Featuring A Private Beachfront Balcony, Panoramic Sea Views From The Bay Window, Lift Access, Modern Kitchen And Bathroom, Excellent Communal Facilities, And A Friendly Coastal Community Lifestyle This delightful two-bedroom apartment is located on the sunny west side of Pegasus Court, a purpose-built retirement complex designed for residents aged 60 and over.
Situated on the first floor, the apartment enjoys a desirable position with lift access nearby, while the estate manager’s office, laundry room, and communal facilities are all just a short walk away.
Residents’ parking is also available. The spacious lounge is a standout feature, filled with natural light from a large bay window that enjoys panoramic views towards the seafront.
A door leads directly onto the private beachfront balcony, providing the perfect place to sit and relax while taking in the outlook and sea air.
The kitchen is well-appointed with modern appliances, including an integrated fridge/freezer, microwave, and oven.
With ample storage space and a tiled splashback, it is both practical and stylish for everyday cooking and entertaining.
Both bedrooms benefit from fitted wardrobes, with the main bedroom offering a peaceful retreat and pleasant views.
The modern bathroom comprises a white suite including a bath, separate curved shower cubicle, WC, and wash hand basin, combining practicality with contemporary style.
Pegasus Court is a vibrant retirement community offering a range of amenities, including estate managers, emergency call systems, a residents’ lounge, guest suite, fitness suite, and beautifully landscaped communal gardens.
The development consists of 54 apartments, creating a friendly and engaging environment for residents.
Regular social activities include music groups, exercise classes, bingo, and organised trips to local attractions. Pets are also welcome for added comfort and companionship.
Ideally located, the development offers easy access to local shops, cafes, the beach, and the picturesque Clarence Park, with regular bus services to Weston-super-Mare nearby.
With its excellent facilities, welcoming community, lift access, and private beachfront balcony, this apartment presents an excellent opportunity for retirees seeking a peaceful yet sociable lifestyle.
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Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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FAQ
About Flat 23, Pegasus Court, 58, Beach Road, Somerset
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