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 work3-bedroom flat · TQ8 8BZ
For saleListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A generous three-bedroom, two-bathroom first-floor apartment set in an exceptionally central Salcombe location, just moments from the waterfront.
An ideal setting to enjoy the very best of the sought-after Salcombe lifestyle. Sea Chest is a beautifully presented coastal apartment that blends character with practical modern living.
Entering through the front door, you are welcomed by a useful area for coats and shoes. Steps then lead you up into the main body of the home.
The heart of the property is the open-plan living space, which immediately impresses with its restored exposed beams and a striking stone feature wall that adds warmth and texture.
This is a sociable, light-filled area with room to relax and dine. A built-in cupboard provides valuable storage.
The kitchen is well fitted with a range of wall and base units and includes integrated appliances for a streamlined finish.
Just beside the kitchen, a sliding ladder gives access to a clever storage area above, ideal for paddle boards and beach gear — perfectly suited to the home’s seaside location.
A door from the living space leads to the bedroom accommodation, where there are three generous double bedrooms.
The principal bedroom benefits from its own en-suite shower room, while the remaining bedrooms are served by a spacious family bathroom featuring both a bath and a walk-in shower.
There is also a practical cupboard set up as a utility area, currently housing the washing machine.
Sea Chest has been thoughtfully and imaginatively converted by the current owners to maximise space, character and usability.
In addition to being a wonderful private retreat, the apartment has also operated as a successful holiday let, demonstrating its appeal and income potential.
However, the true highlight is its exceptional position — just a couple of steps from the water — offering an enviable coastal lifestyle and making this a standout home by the shore.
Tenure: Leasehold of 999 years starting from 2023 Council Tax Band: C Local Authority: South Hams District Council Services: Mains electricity, water and drainage.
Gas central heating Service Charge: Approx. £105.00 per annum.
EPC: Current D (62) Potential C (76) Viewings: Very strictly by appointment only Location: The highly sought after Salcombe lies at the heart of the South Hams region, an 'Area of Outstanding Natural Beauty'.
Renowned for its crystal clear turquoise waters along the estuary, a wonderful selection of local and independent shops, restaurants and public houses, boat parks, with slipways and mooring pontoons at Batson and Shadycombe Creeks.
Local run events including the Salcombe Regatta, food and music festivals and the annual Crab festival. With its own microclimate, you could be anywhere in the world!
Directions: As you drive down the hill into Salcombe town centre turn left and continue down here passing the Fortescue Pub. Sea Chest will be on your right above the gallery.
What Three Words: ///study.vineyard.attention IMPORTANT NOTICE: We would like to inform prospective purchasers that these sales particulars have been prepared as a general guide only.
They are prepared and issued in good faith and are intended to give a fair description of the property, but do not constitute part of an offer or contract.
Any description or information given should not be relied on as a statement or representation of fact that the property or its services are in good condition.
Neither Charles Head, nor any of its employees, has any authority to make or give any representation or warranty whatsoever in relation to the property.
Floorplans are for guidance purposes only and may not be to scale. The photographs show only certain parts and aspects of the property at the time they were taken.
Any reference to alterations to, or use of, any part of the property is not a statement that any regulations or other consent has been obtained. .
If there are any important matters likely to affect your decision to buy, please contact us before viewing the property.
ALL STATEMENTS CONTAINED IN THESE PARTICULARS AS TO THIS PROPERTY ARE MADE WITHOUT RESPONSIBILITY ON THE PART OF CHARLES HEAD.
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

FAQ
About Union Street, Salcombe
Explore nearby