1-bedroom flat · TA1 1FF
Sold STCListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Retirement apartment *Town centre location *Riverside setting* This spacious one bedroomed top floor retirement apartment offers bright, well-presented accommodation in a superb town centre riverside setting.
The property features a generous sitting/dining room with a large balcony overlooking the river, a modern fitted kitchen, a double bedroom and a contemporary shower room, all designed for comfortable and independent living.
Situated within Riverain Lodge on Tangier Way, this popular development enjoys landscaped gardens overlooking the river, with views across to Goodland Gardens while remaining just a short, level walk from Taunton's shops, cafés and everyday amenities.
Designed specifically for independent retirement living, the development offers a Lodge Manager, 24-hour call centre support system, Owners' Lounge with terrace and riverside views, a Guest Suite for visiting friends and family, lift access, and limited residents parking with some EV charging points.
Hallway 21' 2'' x 11' 4'' (6.44m x 3.46m) Storage cupboard.
Sitting / Dining Room 18' 8'' x 10' 10'' (5.70m x 3.31m) Leading to; Balcony 17' 11'' x 6' 2'' (5.45m x 1.88m) Kitchen 8' 3'' x 8' 0'' (2.52m x 2.43m) Bedroom 14' 2'' x 10' 5'' (4.31m x 3.18m) Shower Room 7' 5'' x 6' 8'' (2.27m x 2.04m) Outside Terrace with riverside views.
Tenure and Outgoings The property is leasehold with a 999 year lease dated from 1st Aril 2022 (995 years remaining).
The service charge is £2,503.30 per annum and the ground rent is £575 per annum.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About Tangier Way, Taunton
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