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3 x FLATS + DEVELOPMENT | HIGHBRIDGE TA9 - Image 1
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3 x FLATS + DEVELOPMENT | HIGHBRIDGE TA9

South West

£300,000Guide Price

Listed on 08/10/2026

The listing

Property details

Bedrooms
3
Type
House
Area
3619 sqft

Description

This impressive freehold property offers a unique investment and development opportunity in the heart of Highbridge, Somerset. Comprising three self-contained flats generating an annual income of £27,900, the property also features a large ground floor space with potential for converting into four additional flats, subject to planning approval. The total floor area spans an expansive 3,619 square feet, providing ample room for various redevelopment possibilities. Situated on a prominent corner plot of approximately 0.25 acres, the property benefits from off-street parking at the front and a generous garden and garage at the rear. The ground floor has been previously occupied by tenants but is currently vacant, allowing for immediate development or commercial use. The first floor consists of three spacious one-bedroom flats, each with established tenancies. Notably, one flat is set to increase its rent in January 2027, enhancing the investment's appeal. The surrounding area is well-connected, with easy access to the A38 trunk road and proximity to local amenities and public transport. This property is being offered at auction on November 18, 2026, with registration required by November 13. For those looking to invest in a property with significant potential for growth and development in a desirable location, this is an opportunity not to be missed.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

68out of 100
Grade CPotential opportunity

Confidence: LOW

This impressive detached house presents a compelling opportunity for investors or those looking to add value through development. With an asking price of £300,000, it stands at just £83/sqf, significantly under the local average of £286/sqf, making it an attractive proposition in a strong rental market. The property currently generates a robust rental income from three self-contained flats, totaling £27,900 per annum, and there is potential to enhance this further by developing the vacant ground floor into additional flats, subject to planning consent.

The overall condition of the property is good, with well-maintained exterior, roof, and garden areas. The existing flats provide a steady income stream, while the vacant ground floor offers a blank canvas for future development. This dual aspect of rental income and potential growth makes it a unique investment opportunity. With careful planning and execution, the property could be transformed into a more lucrative asset, capitalizing on the existing demand in the area.

Key opportunities

  • Strong rental income from existing flats totaling £27,900 per annum
  • Vacant ground floor presents the potential for conversion into additional flats, increasing overall yield
  • Good overall condition allows for immediate rental income while planning for future development

Key risks

None recorded.

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Map

Location

3 x FLATS + DEVELOPMENT | HIGHBRIDGE TA9
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Finance

Mortgage calculator

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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 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.

Tax

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Indicative tax based on the asking price and the options you select.

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