2-bedroom flat · TA21 9EH
Sold STCListed 97 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Grade II listed two bedroom first floor apartment situated in this beautiful detached building with communal garden and parking space.
The property is within close walking distance of the town centre and is offered to the market with NO ONWARD CHAIN.
The accommodation comprises in brief; communal front door opens into a grand hallway where stairs rise and turn to the first floor where the door to Flat 7 can be seen.
Upon entering the apartment, there is a spacious inner hall leading to the principal rooms with built in storage cupboard.
The sitting/dining room is a generous size with ample space for all everyday furnishings and leads directly into the kitchen which is fitted with a range of modern wall and base units with an integrated oven and hob and space for a washing machine.
The sleeping accommodation comprises two double bedrooms which is serviced by the family bathroom, fitted with a three piece white suite with a shower over the bath.
Externally, there is a gravel area with allocated parking for one vehicle with a communal garden laid to lawn located to the West side of the building.
LEASE INFORMATION Flat 7 The Priory benefits from a 999 year lease which commenced on 1st January 1989.
The service charge is currently £130 per month to include the buildings insurance, gardens and grounds maintenance, cleaning of common areas, maintenance of the exterior of the building, window cleaning and a sinking fund to pay for the planned maintenance programme.
LOCATION Priory House is situated within close walking distance of the town centre yet in a tucked away position.
Wellington itself offers a good range of shops, educational, leisure and sports facilities including Sport Centre with its own swimming pool and bowling club.
Wellington town centre offers a wide range of independently run shops and larger national stores including the well renowned Waitrose.
DIRECTIONS From our Wellington town centre office proceed in the Taunton direction passing through the Longforth traffic lights taking the second turning on the right after the Parish Church.
Immediately turn left into Priory Gardens. Follow the road around to the left where Priory House is on the left hand side with access to the rear.
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
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FAQ
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