3-bedroom flat · EX9 6RT
Listing removedReduced £50k (−14.3%) on 21 JunListed 506 days
Opportunity summary
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About
Situated to the side and rear of the building, this apartment enjoys a peaceful and private setting, complemented by front and rear gardens, parking, and two garages.
The apartment is well-presented and offers generous accommodation throughout.
The fully fitted kitchen/dining room includes an electric oven, induction hob, dishwasher, and washing machine, with a door providing access to the rear garden.
A further door leads into the spacious living room, which features a charming fireplace with an electric fire.
From here, another door opens into a second reception room currently used as a guest room—an ideal space for a home office, hobby room, or snug—making full use of the privacy and views of the gardens.
There are three double bedrooms, with the main bedroom benefiting from a modern en-suite shower room. A contemporary family bathroom serves the remaining rooms.
Gas central heating Outside Private gardens surround the apartment, with a decking area perfectly positioned to enjoy the sunshine.
The remainder of the garden is gravelled and bordered by mature bushes and trees, with a paved pathway winding through.
At the end of the garden, a gate leads to the driveway and two garages, both owned by Flat 1.
One of the garages, located adjacent to the property, is currently used as a gym and features patio doors that open directly onto the decking area.
Directions From the town centre High Street, turn right at the traffic lights onto Station Road, continue to the top of the road and the property will be found on the left hand side just after the turning for Clinton Terrace.
Location Budleigh Salterton is a picturesque seaside town on Devon’s Jurassic Coast, Budleigh Salterton offers stunning scenery, a vibrant community, and a relaxed coastal lifestyle.
Its unspoiled pebble beach, dramatic red cliffs, and scenic walking trails make it a haven for nature lovers.
The charming high street features independent shops, cafés, and traditional pubs, while cultural highlights include the annual Literary Festival and Fairlynch Museum.
Outdoor enthusiasts can enjoy sailing, paddle boarding, and exploring the nearby Otter Estuary Nature Reserve.
Well-connected yet peaceful, Budleigh is just a short drive from Exeter and Exmouth, making it a sought-after location for those seeking coastal charm with modern convenience.
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 Flat 1 Stella Maris, 37 Station Road, Budleigh Salterton
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