Bridge Cottage, Church Street, Mark, Highbridge, Somerset, TA9 4LY

Description

Description Town & Country Property Auctions are delighted to offer For Sale by Public Auction this substantial and versatile family home offering three double bedrooms, multiple reception rooms and a bespoke ash kitchen, together with off-road parking for three vehicles. The ground floor provides excellent flexibility, featuring a welcoming living room with inglenook-style fireplace, sitting room, drawing room, home office and a bright family room with flagstone flooring and garden access. The bespoke ash kitchen is complemented by a separate utility area and W.C. Upstairs are three generous double bedrooms and a family bathroom with a distinctive roll-top bath. Externally, the property benefits from off-road parking for multiple vehicles and a garden, with the surrounding area offering easy access to countryside and the coast. Situated in Highbridge, the property is well placed for local schools, amenities and transport links, including Highbridge & Burnham railway station and the M5 motorway, with Burnham-on-Sea, Bridgwater and Weston-super-Mare all within easy reach. An excellent opportunity to acquire a spacious and adaptable family home in a well-connected location. The property will be entered into our 9th September auction which is held online and starts at 10am. You must register to bid and download the legal pack. PROPERTY FEATURES . Family Home . 3/4 Bedrooms . 1/2 Reception Rooms . Off Road Parking . Council Tax Band: C . Market Value: £430,000 . Rental Value Per Month: £1600 . Freehold . 28 Day Completion VIEWING ARRANGEMENTS We will be holding viewing slots, please call us on 01202 143399. The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.

Location

Bridge Cottage, Church Street, Mark, Highbridge, Somerset, TA9 4LY

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Buy-to-Let / Resale. Confirm this against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Obtain a condition / structural survey

• Electrical and heating checks

• Allow for decoration and repairs

HB initial works allowance: £9,000–£24,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

No reliable current rent is stated in the supplied scrape. For initial appraisal only, HB estimates market rent at approximately £1,700–£2,075 pcm (£20,400–£24,900 pa). This is an HB estimate and should be verified against current local lettings.

GDV / Resale Analysis

HB indicative post-works / stabilised value range: £324,000–£366,000. This is an appraisal estimate only, not a RICS valuation. Verify against recent genuinely comparable sold evidence.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied scrape, so no unverified addresses or sold prices have been inserted. Check recent Land Registry / local comparable evidence before setting a maximum bid.

Potential BRRR Position

Illustrative middle case: guide £300,000 plus midpoint works of £16,500 gives about £316,500 before acquisition/finance costs. At the midpoint HB value of £345,000, an illustrative 75% refinance is about £258,750, leaving approximately £57,750 of purchase/works capital before transaction costs.

Flip Analysis

Midpoint HB value £345,000 less guide and midpoint works gives an initial gross spread of about £28,500. This is not profit: SDLT, auction fees, legal fees, finance, holding costs, utilities, insurance, selling fees and contingency must also be deducted.

Investor Risks & Due Diligence

• Review the full legal pack, title and special conditions

• Confirm buyer's premium / auction administration charges and completion timetable

• Obtain a suitable condition or structural survey

• Verify refurbishment quotations and contingency

• Verify current rental evidence and recent comparable sales

• Confirm lender requirements, valuation and exit finance

Recommendation

Initial recommendation: Buy-to-Let / Resale. Proceed only if the legal pack, condition, funding and exit-value evidence support the proposed maximum bid.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★☆☆ | Flip/Resale: ★★★☆☆