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2 bedroom flat for sale
Flat 3, Station House, Market Street, Watchet, Somerset TA23 0AW
£55,000
Flat 3, Station House, Market Street, Watchet, Somerset TA23 0AW
£55,000
Our Summary
- For Sale via Online Unconditional Livestream Auction on 03/12/2024 at 14:00pm
- Two bedroom ground floor flat offering a great investment opportunity with a potential gross yield of 16
- Offering to auction, this two bedroom ground floor flat situated in Watchet, Somerset
- The potential rental income for this property is £750 per month and £9,000 per year
- This offers any prospective buyer a potential gross yield of 16
- AUCTIONEERS NOTE: POTENTIAL YIELD We have been advised by a local lettings agent that the potential monthly income is £750 and the yearly income £9,000
- This offers a potential gross yield of 16
- ACCOMMODATION Entrance Hall Living Room/Kitchen: 21' 10" x 11' 9" Bedroom One: 11' 2" x 9' 2" Bedroom Two: 11' 3" x 9' 10" BathroomVIEWINGS Regular block viewing sessions will be provided in the lead up to the auction
- Please telephone Auction House South West on to request a viewing
Description
This two-bedroom ground floor flat in Watchet, Somerset, is being sold via online unconditional livestream auction on December 3, 2024, with a guide price of £55,000+ (plus fees). The property offers a great investment opportunity with a potential gross yield of 16.3% based on the guide price. The flat features an entrance hall, living room, kitchen, two bedrooms, and a bathroom, and has the potential to generate £9,000 per year in rental income. The property is situated in a historic harbour town with a modern marina, shops, and amenities, and is close to the Quantock Hills, Exmoor, and the Bristol Channel. The flat is being sold with a 999-year lease from 1990, with an annual ground rent of £25 and a one-third liability for building maintenance and insurance. Viewings will be provided in the lead up to the auction, and a full legal pack is available to download from the auctioneer's website.