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See how verdicts work2-bedroom flat · EX7 0RX
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Underhill's are delighted to bring to the market this two-bedroom ground-floor apartment within The Rockstone, offering excellent potential for modernisation and the opportunity to create a stylish coastal home.
The accommodation comprises a bright and spacious lounge with Juliet balcony, fitted kitchen, two double bedrooms and a bathroom.
The property also benefits from allocated parking and beautifully maintained communal gardens.
Ideally positioned within a short walk of the beach, nearby woodland, post office and local bus routes, the apartment is conveniently located for both everyday amenities and coastal living.
The development is professionally managed and benefits from a long lease, with building insurance and maintenance of the well-kept communal areas included within the service charge.
Long-term letting is also permitted.
A fantastic opportunity for buyers looking to modernise a generously sized apartment and make it their own, Or first time buyers looking to get on the property ladder.
Approach: Level paved path leads to the entrance of the property Entrance: The hallway provides hanging space for coats and houses the fuse board.
It leads directly to all rooms and includes an entry phone system, enabling communication with visitors at the front entrance of The Rockstone Apartments.
Living / Dining Room: A bright and spacious room filled with natural light from the sliding door which opens up to the Juliet balcony along with an additional window.
The room is carpeted and features a free-standing electric fire.
Kitchen: Fitted with a range of base and wall units, the kitchen includes an integrated eye level electric oven, hob, and extractor fan, integrated fridge freezer.
There is plumbing for a washing machine and slim line dish washer. Space for microwave. A one-and-a-half inset sink sits beneath a window, complemented by roll-top work surfaces.
Laid to vinyl flooring. Bedroom 1: A generously sized double bedroom with built in floor to ceiling wardrobes along with chest of drawers and additional fitted hanging space .
Dual-aspect windows provide views to both the side and front of The Rockstone building. Finished with carpet flooring and wall mounted electric radiator.
Bedroom 2: A further double with space for a range of furniture. Front-facing window, wall-mounted radiator, and carpet flooring. Bathroom: A modern white suite.
Features include a large walk-in shower cubicle with a glass screen, and an electric power shower, wall-mounted WC, sink with fitted storage beneath. And an electric towel rail.
Laid to vinyl flooring. Outdoors: The Rockstone boasts beautifully maintained communal gardens offering spectacular sea views out to sea.
The property is within walking distance of woodland, beaches, a post office, and local bus routes.
Parking & Facilities: An allocated parking space is located at the front of the building and can accommodate two smaller cars or one large car.
Additional Information: The Rockstone is a purpose-built apartment complex.
The building is professionally managed, with upkeep of communal spaces, gardens, garages, lifts, and insurance included within the service charge.
Long-term letting is permitted, though the property is not suitable for holiday lets. Lease length: 199 years from 25th March 1993 Management and ground rent: £2,746 Per Annum
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
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FAQ
About The Rockstone, Dawlish
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