We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · TQ14 8TL
No longer listedListed 347 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No chain!
A Beautifully Appointed Two-Bedroom Ground Floor Apartment In The Prestigious Luscombe House Development, Enjoying A South-Facing Indian Sandstone Terrace With Breathtaking Sea Views Across Teignmouth, Shaldon And The Surrounding Coastline.
This Elegant Home Offers Two Allocated Parking Spaces, High-End Finishes Throughout, And Direct Access To Communal Gardens, All Within One Of East Teignmouth’s Most Desirable Victorian Residences.
Situated off Second Drive in sought-after East Teignmouth, Luscombe House stands proudly overlooking the town towards Shaldon and the open sea.
Originally built in the late 1800s for prosperous local merchants and shipowners, this iconic Victorian residence was sensitively restored, in 2017, to its former grandeur, now housing ten luxurious homes designed with exceptional attention to detail.
Positioned on the ground floor of the main house, this apartment-named Carey-is accessed via a secure telecom entry system into a stunning communal hallway.
The private entrance opens into a welcoming hallway giving access to all rooms. There are two generous double bedrooms, each with fitted wardrobe storage and double-glazed windows to the side aspect.
A modern bathroom suite features a walk-in shower, low-level WC, countertop basin on quartz, heated mirror, and natural stone tiling, all complemented by underfloor heating that runs throughout the apartment.
The heart of the home is the spacious open-plan kitchen, living and dining room, Complete with a bespoke media wall, solid wood Shaker kitchen with oak worktops, integrated Neff appliances-including a Slide & Hide oven, induction hob and wine cooler-and ample space for dining and relaxation.
Timber French doors open directly onto the sun-drenched Indian sandstone terrace, framed by cast-stone balustrades, providing an outstanding outdoor space with panoramic sea views.
Externally, the property benefits from two allocated parking spaces, basement storage (unallocated within the shared facility), communal gardens and communal bin storage.
Teignmouth's sandy beaches, vibrant cafés, restaurants and independent shops lie less than a mile away, making this home the perfect blend of coastal tranquillity and modern luxury.
Agents Notes Tenure - Leasehold with 999 Year Lease from July 2018, benefitting from a Share of Freehold. Annual Service Charge of £1826.69. Council Tax Band - C (Teignbridge District Council)
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png){kind=logo}
FAQ
About Carey, 2, Luscombe House, Teignmouth
Explore nearby
