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Austin Close, Frome

South West

£70,000
Listed on 13/01/2026

Property Details

Bedrooms
1
Type
Flat
Area
375 sqft

Description

This ground floor one-bedroom flat offers significant potential for renovation within a well-established residential area. Currently in need of modern updates, it presents an attractive opportunity for both first-time buyers and investors looking to enhance value. The layout includes an entrance hall leading to a sitting room, kitchen, bedroom, and bathroom. Equipped with double glazing and gas central heating, the property is structurally sound yet ripe for a cosmetic refresh or reconfiguration. Externally, residents can enjoy communal gardens at both the front and rear, with on-street parking available on a first-come, first-served basis. With appropriate improvements, this flat could achieve an estimated rental income of around £10,000 annually. A new 125-year lease will be established with nominal ground rent, adding further appeal to this investment prospect. The flat is conveniently located in Frome, a charming market town close to Bath, offering excellent amenities such as schools, theatres, a cinema, and great transport links to Bath, Bristol, and London Paddington.

Investment Analysis

(BA11 area)

Below Market Value

This property is priced -48.1% below area average per sq ft

-48.1%
Potential saving
This Property
£187/sq ft
Area Average
£360/sq ft
Avg Rent (weekly)
£274
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£148,479
10% above area average per sq ft
Potential ROI
+56.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (BA11)

Area prices are rising by +3.0% over the last 12 months
3 year growth: -0.9%
5 year growth: +7.6%
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

Austin Close, Frome
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£248
Based on a loan of £52,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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