2-bedroom flat · EX7 9PL
For saleListed 109 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description First floor flat situated just a few yards from the beach and offering sea views. Conveniently located for the railway station and town centre.
Living/Dining Room, Kitchen, 2 Bedrooms, Bathroom. No Onward Chain. Tenure: Leasehold. Council Tax Band: B.
Location: The property is conveniently situated for taking advantage of the facilities within the town centre with a range of shops and eateries just a few yards away and bus and rail services equally close by.
Also just across the road is a sandy beach and a lovely walk along the sea wall.
Accommodation: The property offers well presented accommodation on the first floor of this Grade II listed building and benefits from high ceilings and large windows allowing light to fill the rooms.
The property is warmed by electric night storage heaters. Entry to the property is into the large living/dining room which is a lovely bright and spacious room with views of the sea.
An arch leads to the kitchen which is fitted with base and wall units with space for electric appliances. The two bedrooms are of an irregular shape and enjoy an outlook to the front.
The bathroom is fitted with a white suite with a shower over the bath. Tenure: The property is held on 189 year lease from December 1995.
We understand the property has a share of the freehold and the current service charge is £206.06pcm
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
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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 Flat 2 Richmond Court, Richmond Place, Dawlish
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