BUY-TO-LET INVESTORS ONLY- This spacious one bedroom ground floor apartment presents an excellent investment opportunity, offered with a tenant already in situ and generating an immediate rental income of £750pcm.
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.
Location: Wincanton is a charming historic market town in southeast Somerset, close to the Dorset and Wiltshire borders and ideally positioned just off the A303, offering excellent road connections to London and the Southwest. The town provides a comprehensive range of everyday amenities, including independent shops, cafés, pubs, supermarkets, schools, a pharmacy, a leisure centre and a newly opened cinema, and it acts as a key hub for many surrounding rural villages.
Wincanton is known for its strong sense of community, supported by popular local venues such as The Balsam Centre and Bootmakers Workshop, which also serves wood fired pizzas. For excellent local produce and dining, the well regarded Kimbers Farm Shop and restaurant is only five minutes away. The town boasts a number of attractions, including Wincanton Racecourse, picturesque riverside walks at Cale Park and the acclaimed The Newt in Somerset, located just a short drive away. The wider area offers several National Trust properties, including the renowned Stourhead, while the stunning Dorset coastline can be reached in around an hour.
Additional Information:
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
Local Authority: Somerset
Council Tax Band: B
EPC Rating: D
Broadband & Mobile: Coverage can be checked at: ofcom.org.uk/phones-and-broadband/coverage-and-speeds/ofcom-checker
Viewing: Strictly by appointment through the agents.
Important notice: Measurements are approximate and floor plans are illustrative only. No guarantees are given regarding planning permission, suitability, or the condition of fixtures, fittings, or appliances. Items shown in photos may not be included. Purchasers must verify all details by inspection.
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