Weston-Super-Mare, BS23 1RH | Investment Property for Sale | VES-BS23-003

Opportunity to purchase a 2-unit block in Weston-Super-Mare generating £19,200 rent pa & gross yield of 6.4%

£300,000

2-unit Block

VES-BS23-003

INITIAL INVESTMENT

£88,500

Based on

deposit: £75,000

stamp duty: £10,000

mortgage fees: £1,500

conveyancing fees: £2,000

GROSS RENT

£19,200

GROSS YIELD

6.4%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

2

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

1,130

PRICE SQ FT

£265

Block information

  • Mid-terraced house split into:
    • 1 x 3-bed flat on the ground floor
    • 1 x 2-bed flat on the first floor
  • The property was converted and refurbished in 2020/2021
  • All fixtures and fittings are brand new
  • There is no gas at the property
  • The ground floor flat has a small garden to the rear of the property
  • EPC ratings D
  • Council tax band A

Rental information

  • The flats are fully tenanted
  • Total monthly rental income: £1,600
  • Total annual rental income: £19,200

Location information

  • The property is located just outside of the town centre of Weston-super-Mare
  • Weston-super-Mare town centre is less than a 10-minute walk from the property
  • Weston-super-Mare railway station is 0.4 mile away and can easily be reached on foot
  • Easy access to the A370 and wider road network

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Weston-super-Mare, Somerset

Weston-super-Mare is a seaside town in Somerset and lies by the Bristol Channel 18 miles south-west of Bristol. The A370 runs through the town connecting it to the M5 at junction 27.

Weston-super-Mare railway station is located in the centre of town and is operated by Great Western Railway. There are regular local train services from Bristol Parkway which terminate at Weston-super-Mare as well as some semi-fast services between Cardiff Central and Taunton. Additional Great Western Railway trains go all the way to London Paddington whilst CrossCountry operates daily services between Paignton and Manchester Piccadilly.

Bristol Airport is the closest operational airport and is just 15 miles away.

There are plenty of attractions in Weston and the surrounding area offering great opportunities for fun days out. Some of these include Weston’s long and sandy beach with its Grand Pier and traditional beachside promenade, the Helicopter Museum, Weston Museum, Water Adventure Play Park, Noah’s Ark Zoo Farm, Brean Down, Art Deco Tropicana, Wall Eden Farm, Clevedon Pier and Puxton Park.

Other events that attract large numbers of visitors include the ‘International HeliDays’ which are staged at the beach lawns at the end of July in association with the Helicopter Museum as well as an annual display by the Red Arrows. The beach is also the venue for the annual Sand Sculpture Festival. During September and October the Weston Arts Festival takes place taking over local venues offering a wide range of cultural events.

Weston also has two Sites of Special Scientific Interest, Sand Point to the north of town and Ellenborough Park in the centre of town. Only a short drive away one can find the limestone Mendip Hills with the lakes of the Chew Valley which has been designated as an Area of Outstanding Natural Beauty.

With its great transport links to Bristol Weston has become a commuter town over time. However, its closeness to the national motorway networks means that several distribution depots can be found here. Some of the largest employers include North Somerset Council and Weston College.

Orchard Street,

Weston-super-Mare,

North Somerset,

England,

BS23 1RH

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2022 Vesta Global Limited. All rights reserved.