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2 bedroom detached house for sale

Summerland Place, Minehead, Somerset, TA24

Guide Price £185,000

Property Description

Key features

  • Investment opportunity
  • 6% yield per annum
  • Detached freehold building
  • Currently let on 6 month shorthold tenancies
  • Two 1 bedroom apartments with garage
  • Double glazing
  • Gas central heating/electric heating
  • Convenient central location
  • Minehead seafront with half a mile
  • Edge of Exmoor National Park

Full description

Tenure: Freehold

An investment opportunity to acquire a freehold detached house divided into two self-contained one bedroom apartments together with a single garage and conveniently situated on the level just off the town centre. Believed to have been an Old Forge and converted many years ago built predominantly of stone with part rendered elevations under a tiled roof. The ground floor apartment is double glazed with gas fired central heating and in brief comprises; communal entrance hall, private hall, sitting room, kitchen, double bedroom and shower room. The first floor apartment is again double glazed and with electric panel radiators and in brief comprises; communal entrance with staircase to first floor, private hall, sitting room, kitchen, double bedroom, bathroom and separate WC. Outside is a communal entrance yard with an attached single garage which is currently let separately at £50 per month. The ground floor apartment is set at £475 per calendar month and the first floor £450 per calendar month producing a gross income of £11,700 per annum producing a yield of 6% per annum.

Minehead has an excellent range of shopping, banking and schooling facilities together with bowling, tennis, golf and the beautiful Blenheim Gardens which still has the original bandstand. The old harbour and seafront are within a mile and the county town of Taunton which has mainline rail connections and access to the motorway network is approximately twenty five miles to the east. For those who enjoy exploring the countryside Minehead is often referred to as the Gateway to the Exmoor National Park and the many renowned places of interest are all within motoring distance.
From our office turn right into The Parade leading down through the town taking the second turning on the right into Summerland Road by WH Smiths. Proceed to the junction turnng left into Summerland Place where the property will be found shortly after on the right hand side just before you get to the carpark.

More information from this agent

Listing History

Added on Rightmove:
27 June 2015


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