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See how verdicts work2-bedroom flat · TQ14 8TL
Listing removedListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first floor converted apartment with no apartment above and pleasant outlook to the front with allocated and visitors parking, beautiful formal communal lawned gardens with sea views and shared storage.
There are eight apartments in the building and they each have a share of the freehold.
Accessed via a communal hallway, elegant stairs lead up to the front door and entrance area which takes you into a spacious living room, with doors leading off to the kitchen, bedrooms and storage cupboard.
The living room is a generously sized room with windows overlooking the front of the property, allowing for plenty of natural light.
There are two double bedrooms, with the main bedroom having a window facing the front and the second bedroom having a skylight allowing plenty of light.
The kitchen/breakfast room has a modern finish and comprises wall and base mounted units, oven with four ring gas burner hob and extractor hood above, stainless steel sink and drainer, space for a freestanding fridge/freezer, plumbing for a dishwasher and washing machine and windows overlooking the front and side of the property.
There is also a cupboard in the kitchen which houses the Worcester Boiler.
The bathroom has a modern finish comprising bath with shower over, WC, wash hand basin, heated towel rail, obscured window and storage cupboard. There is Central Heating and uPVC Double Glazing.
Teignmouth is one of South Devon’s most popular coastal towns, offering a unique mix of seaside lifestyle, strong transport connections and vibrant community life.
There is buyer demand from locals who want to build their lives in the area, upsizing or downsizing, as well as retirees, lifestyle movers, second home buyers and families relocating for coastal living and quality of life.
Council Tax Band B - £2,107.93 per annum Leasehold - 999 Year Lease from 25/03/1974. Share of freehold.
Service Charge - £2000 per annum (Including Buildings Insurance) No Holiday Letting Peppercorn Ground Rent Mains Services - Gas, Electric & Water.
MEASUREMENTS: Lounge 4.61m x 4.25m (15’01” x 13’11”), Kitchen/Diner 4.55m x 2.80m (14’11” x 9’02”), Bedroom 3.93m x 2.65m (12’11” x8’08”), Bedroom 2.97m 2.47m (9’09” x 8’01”), Bathroom 2.80m x 2.06m (9’02” x 6’09”).
EPC Rating: D Communal Garden Beautiful formal communal lawned gardens with sea views. Parking - Allocated parking Allocated parking for one vehicle.
There are also visitors parking spaces.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Second Drive, Llanstephan Second Drive, TQ14
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