16B Albert Quadrant, Weston-Super-Mare, North Somerset BS23 2QY

Description

A two-bedroom flat in Weston-Super-Mare. Ideally located within easy walking distance of the town centre and train station, with convenient access to the M5 motorway.

Accommodation

Entrance Hall; Landing Area: 10' 3 x 6' 9; Living Room: 14' 3 x 15' 5; Kitchen: 13' 5 x 6' 6; Bedroom One: 14' 2 x 14' 0; Bedroom Two: 14' 0 x 12' 7; Family Bathroom: 10' 5 x 7' 4

Location

Within easy walking distance of the town centre and train station, with convenient access to the M5 motorway.

Tenure / Property Information

Investment Analysis

Completed sales on Albert Quadrant range from £93,000 to £160,000, but are historic and relate to other flats. The latest supplied comparable was £110,000 in March 2019. A cautious base GDV of £110,000 is used, with £93,000–£160,000 as an evidence-based historic range.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, inspection and flat-specific rental evidence. The guide appears close to the latest supplied comparable, while BRRR and flip viability remain unproven.

Works Required

No specific works are evidenced. Condition requires inspection; EPC rating E47 may indicate energy-efficiency improvements, but no allowance is made without supporting detail.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £90,000 guide plus the known £1,200 administration charge, the minimum known acquisition cost is £91,200 before works and other possible charges. Refinancing 75% of the £110,000 base GDV indicates £82,500, leaving a minimum £8,700 gap before works, finance, tax and other costs.

Buy-to-Let Analysis

The only rental evidence is £600 pcm for advertised two-bedroom houses, not flats, so it cannot reliably establish rent or yield for this property. BTL appraisal requires flat-specific rental evidence and confirmation of condition and costs.

Flip Analysis

The £110,000 base GDV is supported only by a historic nearby comparable. Works, resale costs, legal-pack charges and buyer costs are incomplete, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Historic comparable prices vary substantially from £93,000 to £160,000.

• The supplied £600 pcm rent relates to advertised two-bedroom houses rather than flats.

• EPC rating E47 may require energy-efficiency improvements, but costs are unknown.

• Legal-pack disbursements and possible special-condition fees are unknown.

• Buyer premium is not supplied.

• Lease, occupancy, parking and heating details are not supplied.

Recommendation

Proceed only subject to legal-pack review, inspection and flat-specific rental evidence. The guide appears close to the latest supplied comparable, while BRRR and flip viability remain unproven.

Strategy Rating

Analysis Confidence

Nearby completed sales support a broad historic value indication, but rental evidence is for houses, condition and works are unspecified, and auction costs are incomplete.