2-bedroom flat · EX12 2PF
Sold STCListed 241 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superbly presented purpose built, top floor apartment with balcony and panoramic views across the town to the sea beyond.
Located in a peaceful cul de sac just a few minutes walk from the sea front, beach and town centre amenities.
The property is presented in excellent decorative order whilst benefitting from sealed unit double glazing and gas central heating.
The accomodation brielyf comprises an entrance hall, spacious open plan living room/kitchen, two double bedrooms, white suite modern shower room and useful utility room.
Outside there is a single garage en-bloc and a parking area for residents (non allocated). There is also a Council Tax band C Entrance - A footpath leads to the communal entrance.
and a short flight of stairs lead to front door. Entrance Hall - An L shaped welcoming hallway, with doors giving access to all accommodation. Loft hatch and radiator.
Open Plan Lounge/Kitchen - 6.4 MAX x 5.5 MAX - Kitchen Area - A very well appointed modern kitchen, which is fitted with a comprehensive range of contemporary wall and base units, quality worksurfaces incorporating a stainless steel sink and drainer unit.
Integrated appliances include a dishwasher, an oven, a microwave/grill, and hob with extractor over.
Double glazed door giving access to the balcony, which offers views over the town and Haven Cliff, with glimpses of the sea.
Lounge Area - Comfortable seating area, with a window to the rear aspect offering views across the town, Haven Cliff and the sea. Down lighters. There is ample space to one end for a dining suite.
Sliding sealed unit double glazed doors to : Balcony - Offering an easterly aspect, open outlook across the town towards the Axe Valley countryside.
Tiled floor Bedroom One - 4.6m x 2.6m - Double bedroom with window to the front aspect and double fitted wardrobe.
Bedroom Two - 3.6m x 2.6m - Twin bedroom with window to the front aspect and double fitted wardrobe.
Shower Room - Fitted with a modern suite comprising of a vanity unit incorporating a wash hand basin, low level wc and a double shower cubicle. Heated towel rail and recessed spotlights.
Utility/Storage - 1.8m x 1.6m - Very useful additional storage space, included in the sale are a washing machine and fridge/freezer. Wall mounted Worcester gas central heating boiler.
Outside - There are attractive communal gardens including paved patio area providing a very pleasant sitting out spot, well stocked level orchard with variety of apple trees.
There is also a clothes drying area and bin storage area to the rear of the development. Garage - Located en-bloc adjacent to the flat, with up and over door.
Service Charge - We are advised the service charge is £400 per quarter. There is a Residents Association for the development.
Ground Rent - We are advised the current Ground Rent is £95 per annum Tenure - Leasehold-we are advised there is approximately 85 years to run on the lease.
We are advised holiday letting is not permitted.
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.
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