4 bed maisonette for sale

Duplex Apartment, Palmers Elm, Hewish, North Somerset BS24

For sale by online auction - Lot 14 - Flats for Owner Occupation/Investment
Bidding opens: 20/05/2025 12:00
Auction scheduled to end: 22/05/2025 17:26

online auction from 20th may - 22nd may

A spacious maisonette apartment with 4 bedrooms, kitchen, lounge, bathroom and attic.

Location: Close to amenities and a local college, appealing to both tenants and buyers. Located in Hewisham but located centrally just off J21 of the M5 and has great links to the west country, Bristol and Weston Super Mare.

Features like 2/3 large bedrooms, and a loft with conversion partially started to create more space!
The flat measures 102sqm.

Buy-to-Sell Opportunity there are no local comparable for apartments in the area and the Sqm of the apartment is similar in size to local properties below. A guide on local house prices below to give an idea what a large apartment would be worth post refurbishment.
Market Value Post-Modernisation: Agents suggest a resale value in excess of £179k, aligned with recent comparable sales in the area for a large duplex maisonette apartment.
7 Palmers Elm: £256,000(Semi Detached, Jan 2021)
2 Palmers Elm: £243,000 (Semi-detached, Sep 2015)

Rental opportunity Refurbish and rent on the open market to a family; market rent would be £1275PCM
Refurbish and get planning for a 4 Bedroom HMO apartment £2740 pcm based on 4 rooms let at £685PCM. Meaning a yearly rent of £32,880
Refurbish and offer for short term lets would generate a guide figure of around £36,550 for a year.
All figures above are a guide and offer suggestions for best returns on renting out the maisonette apartment post refurbishment.

Virtual tour

Tenure:
Advised Leasehold - 999 with £1 ground rent and share of Freehold - to be verified by solicitor

Tenancies:
To be sold with vacant possession