1-bedroom flat · BA9 9FF
Sold STCReduced £10k (−8.2%) on 21 AugListed 240 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property currently provides a gross annual yield of 7.2%.
Even after accounting for the service charge and ground rent, the investment still achieves a strong net return of approximately 6.71%, making it an attractive addition to any landlord’s portfolio.
Ideally positioned within an attractive and well-maintained development, the apartment is just a short walk from a range of local amenities and further benefits from a sheltered car port and a small private garden.
Internally, the property is presented in excellent condition throughout and features a spacious open-plan living room and kitchen, a modern shower room, and a good sized double bedroom with fitted wardrobes.
French doors from the bedroom provide direct access to the garden, enhancing the sense of space and natural light.
In summary, this is a superb opportunity for investors seeking a ready-made investment with a reliable income stream and a healthy ongoing return.
Accommodation Communal front door giving access to three flats with entry phone system and door to: Living room/kitchen: 16'9" x 13'2" (narrowing to 11'1") A modern open plan room with dual aspect double glazed windows to front and side aspects, wall mounted Haverland electric heater, wood effect flooring, coved and smooth plastered ceiling, electric trip switches, bracket for wall mounted television, television aerial point.
Stylish Kitchen Area comprising inset Quartz sink unit with mixer tap and cupboard below, further range of white gloss fronted wall, drawer and base units with solid wood block work surface over, built-in electric oven with inset ceramic hob and extractor above, integrated fridge, washer dryer, five LED downlighters and door to: Inner hallway: Shoe and coat storage.
Bedroom 1: 9'1" x 8'6" (to front of wardrobe) A double bedroom with wall to wall mirror fronted wardrobes, wall mounted Haverland electric heater, coved and smooth plastered ceiling, wood effect flooring and French doors to rear garden.
Shower room: Shower cubicle, low level WC, heated towel rail, vanity wash basin unit, bathroom cabinet over with integrated light, double glazed window to rear aspect, smooth plastered ceiling with extractor and door to large airing cupboard housing hot water tank with immersion heater and shelf over for linen.
Outside To the front there is a car port allocated to the flat and a side gate gives access to the rear garden.
A small courtyard style garden with a paved patio and an area of loose stones, ideal for pots and tubs.
Services: Mains water, electricity, drainage and telephone all subject to the usual utility regulations. Tenure: Leasehold: 125 years from 29th September 2006. 105 years remaining.
Service charge: Currently £507.90 per annum. Building insurance included within the service charge. Ground rent: £100 per annum viewing: Strictly by appointment through the agents.
Important notice: Hambledon Estate Agents state that these details are for general guidance only and accuracy cannot be guaranteed. They do not constitute any part of any contract.
All measurements are approximate and floor plans are to give a general indication only and are not measured accurate drawings therefore room sizes should not be relied upon for carpets and furnishings.
No guarantees are given with regard to planning permission or fitness for purpose. No apparatus, equipment, fixture or fitting has been tested. Items shown in photographs are not necessarily included.
Purchasers must satisfy themselves on all matters by inspection.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 20 Holly Court, Pines Close, Somerset
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