2-bedroom flat · TQ7 1LN
For saleListed 199 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Salt Quay Moorings is a block of 24 apartments, located just a short level walk from the town centre and with wonderful ever changing views across the Kingsbridge/Salcombe Estuary.
No 3 is well positioned on the ground floor at the front of the development and has direct access from both the front and rear.
The bright and spacious sitting room is a good size, it has full length windows with sliding door opening to the private decked seating area, ideal for sitting out and there’s a useful built-in storage cupboard.
From here French doors open into the newly fitted, modern kitchen which has plenty of base and wall units with integrated appliances.
Both bedrooms are doubles and have built-in wardrobes, with bed 2 enjoying access to the seating area via French doors.
Completing the accommodation is a fully tiled shower room with white suite and walk-in shower cubicle. At the front is a private timber decked garden area.
It has a couple of raised planters with established shrubs and a few steps up to a wrought iron gate opening to Embankment Road.
The friendly market town of Kingsbridge provides a good range of shops, restaurants/pubs, 2 supermarkets, cinema, leisure centre with indoor swimming, numerous sports and fitness facilities, medical centre, community hospital, library and churches.
The town boasts an excellent primary school and a community college. Close by there are boat moorings, quays and slipways at the head of the estuary.
The area has an abundance of sandy beaches and coastal and countryside walks, with the popular sailing towns of Dartmouth and Salcombe within easy reach.
Value & comps
No previous sales on record.
Returns
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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 Salt Quay Moorings, Embankment Road
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