2-bedroom flat · TA20 1GH
Sold STCReduced £5k (−2.7%) on 20 JunListed 526 days
Opportunity summary
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About
Situated on the very edge of Chard within Chataway House on Leach Road is this well presented and modern ground floor 2 double bedroom apartment with the added benefit of and enclosed terrace with space for seating and 2 off road parking spaces.
The property comprises, well kept communal entrance hall, inner hall to apartment, open plan living/kitchen area with built-in appliances and a 3 piece white suite bathroom.
Further benefits from double glazing and gas fired heating. Ideal investment or first time buy.
Approach Chataway House is approached via the off road parking area and a block paved path leads to the main building entrance door.
Solid wood door to the apartment opens to: Entrance Hall With a built in utility cupboard with space and plumbing for a washing machine.
Wall mounted electric consumer unit, wall mounted thermostat and slate effect laminate flooring continues through to: Kitchen/Living Area (16' 4'' x 15' 9'' (4.98m x 4.80m) (max)) The kitchen area is fitted with a modern range of white high gloss fronted wall and base units, square edge worktops over and all complemented by laminated splash backs.
Inset stainless steel bowl and drainer with mixer tap over. Integrated appliances include; high level electric oven, microwave oven, electric hob, dishwasher, fridge and freezer.
The living area has a double glazed window and double glazed sliding doors opening to the enclosed terrace. Modern wall mounted radiator, TV point and a smoke/heat detector.
Bedroom 1 (11' 11'' x 9' 10'' (3.64m x 2.99m) (max)) Double glazed window, modern wall mounted radiator, TV point and a built-in double wardrobe with mirror fronted doors.
Bedroom 2 (10' 8'' x 8' 10'' (3.25m x 2.70m)) Double glazed window, laminate flooring, modern wall mounted radiator, TV point and a built-in single wardrobe.
Bathroom (5' 10'' x 5' 7'' (1.79m x 1.70m)) Fitted with a modern white three piece suite comprising; 'P' shaped panel bath with a glass screen, mixer tap and wall mounted thermostatic shower with rainfall head over.
Vanity unit with an inset wash hand basin over, mirror with built-in shaver point over. Low level WC. Fully tiled walls and flooring, modern wall mounted radiator and an extractor.
Outside Accessed from the living area door is an enclosed terrace with space for seating. The property benefits from two allocated off road parking spaces and a communal refuse bin/recycling area.
Tenure Leasehold. 999 year lease from 01/01/2018 Service Charge of £112.44 per month.
Council Tax Band B Energy Performance Rating C (77) Services Mains Gas, Electric, Water and Drainage at a cost of £200 per month payable directly to the property management company.
Viewing Strictly by appointment only via sole selling agent Tarr Residential on or at 35 Fore Street, Chard, Somerset TA20 1PT.
Value & comps
No previous sales on record.
Returns
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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.
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About 5 Chataway House, Leach Road, Chard
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