Flat 33 Market Square, Crewkerne, Somerset, TA18 7LP

Description

Three Storey Maisonette A six-bedroom Grade II listed maisonette situated in Crewkerne, Somerset. The accommodation comprises an entrance hall, living room, dining room, utility room, kitchen, downstairs toilet, six bedrooms and a bathroom. ACCOMMODATION Entrance Hall Living Room: 19'9 x 13'10 Dining Room: 14'3 x 13'2 Kitchen: 13'9 x 10'10 Utility Room Bedroom One: 13'1 x 13'4 Bedroom Two: 13'5 x 11'3 Bedroom Three: 14'1 x 13'6 Bedroom Four: 13'6 x 10'1 Bedroom Five: 9'7 x 8'3 Bedroom Six: 9'5 x 6'2 Bathroom: 14'2 x 11'1 VIEWINGS Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing. FULL DETAILS Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale. NOTICE TO BIDDER Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction. Tenure: Leasehold EPC Rating: D62

Accommodation

The supplied particulars indicate approximately 4 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Crewkerne, Somerset. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

• Review service charge and major-works liabilities

Rental & Market Context

HB screening rent is approximately £750–£1,000 pcm (£9,000–£12,000 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £121,500–£141,000 against purchase + works of approximately £158,000–£168,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-6,000–£30,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

• Confirm lease term, ground rent, service charge and major works

Recommendation

Initial recommendation: Buy-to-Let. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Buy-to-Let: ★★★★☆

• BRRR: ★★★☆☆

• Flip: ★★★☆☆