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See how verdicts work2-bedroom house · EX9 6LA
For saleReduced £25k (−6.7%) on 6 OctListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the popular development of The Rosemullion, this spacious and modernised upper floor apartment is conveniently situated close to the town and offers a pleasant outlook with a view of the sea in the distance.
Communal Entrance Entrance door with video phone entry system, postbox, lift and staircase to all floors.
Accommodation This spacious apartment comprises an entrance hallway which leads into the kitchen / breakfast room, L-shaped siting / dining room, master bedroom with an en suite bathroom, second double guest bedroom and a separate shower room.
Further benefits include the balcony with views over the town of Budleigh Salterton and to coastline in the distance.views, a security video entry system, gas central heating, double glazing, a garage with ample resident and visitor parking spaces.
Garage & Parking This apartment benefits from a single garage situated in a block of garages to the rear of The Rosemullion.
The garage can be accessed via a sloping driveway to the side of the building, or by pedestrian access from the rear of the building.
The residents of The Rosemullion also have the benefit of a large parking area which is opposite and provides ample parking for the residents and their visitors.
Material Information What3Words : ///upwards.admire.unhelpful Tenure: Leasehold:- Length 199 yrs from 29/9/1990 Maintenance: £2,718 per annum.
This includes Ground Rent, Water Charges, Building Maintenance & Insurance Council Tax: Band F with East Devon Council Restrictions: Or Holiday Lets Build: Brick Coastal Erosion: No active intervention Planning Proposals: None
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 21, The Rosemullion, Budleigh Salterton
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