Summary - THE OLD PRIORY OFFSIDE FLAT THE AVENUE MINEHEAD TA24 5UQ
1 bed 1 bath Apartment
Central Grade II apartment—ready for short-let investors or a compact pied-à-terre..
- Successful Airbnb with immediate income potential
- Private ground-floor entrance onto Summerland Road
- Grade II listed: consent needed for many alterations
- 108 years remaining; leasehold with £100pa ground rent
- 15% contribution to building repairs and insurance
- Electric heating only; monitor running costs or upgrade
- Compact 499 sq ft; open-plan with exposed beams
- High local crime rate; limited mobile coverage reported
A compact, characterful one-bedroom apartment in the centre of Minehead, currently run successfully as an Airbnb. The flat occupies the first floor of a Grade II listed stone building and benefits from exposed beams, multiple Velux windows and an open-plan kitchen/living area that maximises the 499 sq ft internal space. A private entrance from Summerland Road and no onward chain make this a straightforward purchase for a cash buyer or investor.
For investors, this property presents an immediate income stream: it is already trading as a short-let with fitted kitchen appliances and three Dimplex electric radiators in place. Practical features include an interlinked fire alarm system, mains services and fast broadband potential — useful for holiday or longer-term lets. Council Tax Band A and a low ground rent of £100pa help keep running costs modest.
There are material considerations to factor in. The building is Grade II listed, so external and some internal changes will be restricted and require listed-building consent; the lease also requires a 15% contribution to external works and buildings insurance for the whole building. Heating is electric only; buyers should budget for operating costs or consider upgrading within listing constraints. The immediate area records higher crime levels and mobile signal is limited, which may affect some renters' expectations.
With 108 years remaining on the lease and vacant possession available, this flat suits investors seeking a turn-key short-let or buyers wanting a character-filled central pied-à-terre. Any prospective purchaser should check listed-building obligations and confirm running costs and rental potential before committing.
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