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 work1-bedroom flat · EX9 6NU
For saleListed 515 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculately presented first floor apartment, in a block of only six properties. This particular apartment benefits from stunning beach and coastal views of Budleigh Salterton & Lyme Bay.
It enjoys an elevated aspect and is conveniently located to the town & all its amenities. Due to the size and location of this apartment, the selling agents recommend a viewing.
This apartment was originally designed as a two bedroom property.
The removal of the partition wall between the second bedroom and the living room has resulted in a particularly spacious and well-proportioned living area.
The original layout could be easily reinstated by replacing the partition wall, should a second bedroom be desired.
The accommodation consists of a communal entrance hall, spacious landing/hall, sitting/dining room with access out onto the balcony, fully fitted kitchen, double bedroom, shower room and an additional shower room.
There are further benefits of gas central heating, double glazing, communal gardens.
We understand from the current owner that the currently installed stair lift, furniture and appliances are available by separate negotiation.
Communal Entrance Entrance door with intercom system, own entrance door through to...
Entrance Hall Built in storage cupboard, staircase rising to the first floor with double glazed window to the front elevation.
Landing Double glazed window to the front elevation, two built in storage cupboards, coved ceiling, radiator, intercom phone system. Doors to...
Bedroom Double glazed window to the front elevation, radiator, wall light points.
Shower Room Shower cubicle, wall hung wash hand basin, wall hung WC, ladder style heated towel rail, ceiling spotlights, extractor fan, tiled flooring and walls, underfloor heating.
Sitting/Dining Room Double glazed patio doors leading out onto the balcony, double glazed window to the rear elevation, fireplace, wall light points, two radiators, ceiling spotlights.
Opening through to...
Kitchen Expanse of roll edge work surface with inset one and a half bowl sink and drainer unit with mixer tap, range of base and eye level storage cupboards, space and plumbing for automatic washing machine, built in fridge, built in freezer, wall mounted gas central heating boiler, tiled splashbacks, ceiling spotlights.
Oven, inset electric hob with extractor and light unit over. Shower Room Shower cubicle, close coupled WC, pedestal wash hand basin, extractor fan, ceiling spotlights, tiled walls.
Outside Apartment 5 enjoys a parking space in the front of the development. The rear communal gardens are mainly laid to lawn with borders. Agents Notes 1.
This apartment was originally designed as a two bedroom property.
The removal of the partition wall between the second bedroom and the living room has resulted in a particularly spacious and well-proportioned living area.
The original layout could be easily reinstated by replacing the partition wall, should a second bedroom be desired. 2.
We understand from the current owner that the currently installed stair lift, furniture and appliances are available by separate negotiation.
Material Information What3words: ///original.personal.hubcaps Tenure: Leasehold - 999 years from 22.12.2005 Service charge £1,500 per year Council Tax: Band E with East Devon District Council.
Mains: Gas, Electricity, Water & Drainage. Heating: Gas Central Heating. Mobile: Vodafone, EE & O2 - Likely. Three - limited Broadband: Standard, Superfast Available.
Flood Risk: Very low risk means that this area has a chance of flooding of less than 0.1% each year.
Parking Availability: Allocated space Property Accessibility: Stairs to first floor Planning Proposals affecting the building: None. Construction: Brick.
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
.png)
FAQ
About Apartment 5, Chandlers Court, 12, Coastguard Road, Devon
Explore nearby