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8 Swiss Road, Weston-Super-Mare

South West

£90,000Guide Price

Listed on 26/09/2024

The listing

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom flat, located on the top floor, offers significant potential for renovation and investment. Situated conveniently off Locking Road in Weston-super-Mare, it’s ideally positioned for those looking to capitalize on the rental market or for first-time buyers eager to enter homeownership. The property is expected to yield an annual rental income of approximately £9,540 following some cosmetic upgrades. Its layout includes a living room, a double bedroom, a kitchen, and a bathroom—making it well-suited for modern living with some thoughtful enhancements. Located on Swiss Road, the flat benefits from easy access to the town center and the scenic seafront. Excellent transport links are also available, connecting residents to the M5 motorway, which enhances its appeal for commuters and visitors alike. Investors will find this property particularly attractive due to its renovation potential. With updates, it could command a market rent in the region of £795 per month. The building is sold with vacant possession under a long lease of 999 years, offering peace of mind regarding ownership. Viewings are available by appointment, allowing prospective buyers to explore this opportunity firsthand while envisioning how they could transform the space into their own or attract tenants seeking quality accommodations in this desirable location.

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Map

Location

8 Swiss Road, Weston-Super-Mare
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£340
Based on a loan of £67,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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