Turnkey income with coastal proximity and energy-efficient upgrades.
2-bedroom mews cottage plus separate block of five 1-bed flats
A rare mixed-use opportunity in Minehead: a beautifully presented 2‑bed mews cottage alongside a converted Victorian block of five 1‑bed flats. The cottage has a strong main living space with a kitchen/dining room, sitting room, conservatory and a low‑maintenance patio and raised deck. Modern environmental upgrades include solar PV, an air‑source heat pump and underfloor heating, reducing running costs for the cottage.
The five flats in the adjoining terraced building are currently fully let and presented in good order, producing a current income of about £2,959 pcm with realistic potential to rise to c. £3,400 pcm depending on market conditions. This makes the property well suited to an investor wanting immediate rental income, or an owner-occupier who wishes to run a live‑in business and offset mortgage costs with rental revenue.
Important practical points are straightforward: the two parts are offered on separate freeholds (legal/financing implications), the cottage uses bottled gas for cooking while the flats have gas, and the block will need ongoing management and maintenance typical of multiple-let buildings. The location is a short drive to the coast and benefits from fast broadband, but local crime levels are higher than average — factors to balance against the strong income potential and energy-saving features.
Overall this is a flexible asset with immediate cashflow and scope to increase rental return. It will suit buyers comfortable managing multiple tenancies or commissioning a managing agent, and those who value proximity to the coast combined with energy efficiencies already in place.
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