1-bedroom flat · EX12 2LT
For saleReduced £24k (−27%) on 9 SepListed 278 days
Opportunity summary
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About
One Bedroom, Second Floor Retirement Property With Seafront Facing Enclosed Balcony Situated In The Heart of Seaton.
31 Homebaye House is a second floor one bedroom retirement property situated on the front and south facing side of the building with impressive panoramic views of Seaton’s beach, seafront and surrounding cliffs.
The property can be accessed either by two lifts in the building or two staircases with its own private front door giving access to the main entrance hall which has a large cupboard housing the fuse box and water tank.
The living room area benefits from sliding doors into an enclosed sunroom/balcony with lovely views to the sea and coastal views across the bay to Beer Head.
An opening from the living room leads into the kitchen which has a range of matching base and wall units, tiled splashback and sink.
There is also space for a freestanding slot in cooker and fridge freezer.
The bedroom is a double room and benefits from the same south facing views toward the sea with built in wardrobe and opening with step leading into the living room and enclosed balcony.
The shower room benefits from a modern suite including large walk in shower with handrail and large mirror alongside vanity unit with integrated wash hand basin and concealed cistern Wc.
About Homebaye House: Homebaye House comprises of modern purpose-built apartments on the sea front.
A short level walk from the town centre shops and facilities, it offers a quiet and secure environment for the retired/over 60's with a resident House Manager.
The properties benefit from telephone entry, alarm systems and recently updated lifts as well as a 24-hour Care Line System as a back up to the Resident House Manager.
The comfortably furnished communal sitting room is regularly used for a variety of social events and activities and there are two double en-suite guest rooms, a laundry room and parking available on a first come, first served basis.
Tenure: We are advised that the property is held on a 99 year lease dating from 1983..
Service charges: We are advised that there is a charge collected via two 6-monthly instalments of approximately £1445.63 (also can be paid monthly via direct debit or annually £3011.21) This includes the water rates, buildings insurance, laundry facilities, exterior window cleaning, the lighting, heating and cleaning of all public areas and the care of the gardens which are maintained by a professional gardener.
Ground Rent: There is an annual charge of £415.08 which can be paid in 6-month instalments. Services: We are advised mains water, drainage, and electricity services are connected.
Council Tax: We are advised that this property is in council tax band A. East Devon District Council.
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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FAQ
About 31 Homebaye House,, Harbour Road, Seaton
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