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BLOCK OF FLATS - Long Ground, Frome

South West

£130,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Block Of Apartments

Description

This three-storey period property is currently set up as two substantial flats, providing an excellent opportunity for renovation and investment. The ground floor features a one-bedroom garden flat, while the upper levels host a spacious two-bedroom maisonette. Both units require comprehensive refurbishment, making this a prime candidate for investors looking to increase value through development. Upon completion, the estimated Gross Development Value (GDV) could reach approximately £355,000 if sold separately, or generate an annual rental income of about £22,200. Located in a desirable residential area of Frome, the property enjoys close proximity to the town centre and convenient transport links to Bath and Bristol. This presents not just a project but a pathway to maximizing returns through strategic upgrades.

Investment Analysis

(BA11 area)
Area Average
£361/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (BA11)

Area prices are rising by +4.9% over the last 12 months
3 year growth: +1.2%
5 year growth: +9.9%
Investment Disclaimer: Analysis based on BA11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

BLOCK OF FLATS - Long Ground, Frome
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£469
Based on a loan of £97,500 over 30 years at 4.06% 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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