3-bedroom flat · EX10 9BE
For saleReduced £9k (−2.5%) on 11 SepListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Indulge in the timeless allure of this meticulously restored ground floor garden apartment, nestled within a classic early 1900s double-fronted residence.
Immaculately refurbished by its current owners, this property exudes elegance and versatility, offering a seamless fusion of historic charm and modern convenience.
Accommodation Recently reconfigured, the home presents expansive and adaptable living spaces adorned with captivating period details.
Discover the airy sitting room, bathed in natural light pouring through the grand bay window, offering picturesque views across the front garden towards the town.
A stunning fireplace, adorned with marble and a wood-burning effect fire, serves as the focal point of this inviting space.
Kitchen The adjacent kitchen, with integrated appliances, boasts tasteful aesthetics and practical design.
Adorned with matching units, attractive tiled splashbacks, and another charming fireplace, this culinary haven features a bay window overlooking the rear garden, complete with cosy window seating.
Bedrooms Retreat to one of three bedrooms, each showcasing its own unique character.
The principal bedroom suite beckons with generous proportions and a magnificent walk-in bay window framing views of Salcombe Hill.
The family bathroom, with fully tiled walls, offers a serene sanctuary with its tiled bath, close-coupled WC, and vanity wash basin.
Income Potential Discover the versatility of this residence, where one of the rear bedrooms has been cleverly transformed into a modern ensuite guest room, serving as a successful source of income through Airbnb.
Enjoy private access to this space, along with its own side garden, or utilise the lockable door from the inner hallway for guest accommodation.
Outside Surrounded by gardens on all sides, a gravelled driveway leads up to the elevated frontage, offering panoramic views of the town.
From the sun-drenched front garden to the secluded side and rear gardens, this sanctuary provides ample space for outdoor entertainment, complemented by a selection of outbuildings for added convenience.
Directions Material Information Tenure: The apartment owns the Freehold for the building along with a 999 year Lease which expires on 14/09/3020 There is no service charge, with any external works and insurance of the building split on a 50/50 basis All mains services are connected Heating: Gas Fired Central Heating Insulation: There is sound proofing between the flats East Devon District Council, Tax Band B Parking: Off road
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
Agent & docs
FAQ
About Bottom Flat, 54, Peaslands Road, Devon
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