2-bedroom flat · EX34 8FG
For saleListed 19 days
Opportunity summary
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About
Situated in a central and convenient location just yards from the high street and just a short distance from the sea front and picturesque harbour is this well-presented purpose built third floor apartment which has the considerable benefit of a passenger lift to all floors and level access from the car park with no steps, making it ideal for elderly or disabled purchasers.
The property enjoys good open views across the town towards Southern Slopes, Capstone, the Bristol Channel and distant Welsh Coast from the front elevation and from the rear towards the Torrs.
There is a private parking space at the front of the building and two areas of communal garden at the rear, with one of those areas comprising a pleasant courtyard and decked sitting area.
In addition, there is a communal tumble dryer. Utilities are on smart meters. The accommodation benefits from gas central heating and double glazed windows and doors.
Access to the third floor is either via the passenger lift or the stairway. The private entrance hall within the apartment has a security entry/intercom system to the main front door of the building.
The heart of the home is the bright and airy open plan living room and kitchen which has double doors opening at the front forming a Juliette balcony which enjoys the open views over the town towards the Bristol Channel.
The kitchen area is fitted with a range of modern base and wall units which includes an integrated oven, hob and extractor and has plumbing for a washing machine.
The master bedroom enjoys views to the rear across town to the Torrs and has a built in wardrobe and fitted shelving. Bedroom 2 also has a range of fitted shelving and hanging rails.
The shower room includes a walk-in tiled shower cubicle, low level wc and a hand basin with shaver socket over and a heated towel rail.
Outside, the private parking space is located at the front of the building.
Access from the left hand side of the building leads to one area of communal garden which comprises a courtyard well stocked with flowering trees and shrubs.
There is a gated access from the right hand side of the building into the second area of communal garden which comprises a raised deck and gravelled area.
This area can also be directly accessed from inside the building from the first floor half landing.
The apartment is in excellent condition, perfect for a first time buyer, as a holiday home, a retirement purchase or rental property. There is no onward chain.
The property is leasehold with the balance of an original 999 year lease which commenced in 2009.
The freehold is vested in the Management Company which is made up of the 12 apartment owners with each apartment holding a 1/12th share.
The service charge which includes maintenance of the communal and external areas and the building insurance currently amounts to £124 per month.
There are no restrictions on holiday or assured shorthold letting and pets are allowed within the building with the consent of the Management Company.
Applicants are advised to proceed from our offices in an easterly direction turning first left through the traffic lights in to Northfield Road.
Proceed down the road for approximately 200 yards where Atlantic Court will be found on the left hand side.
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 Apartment 9 Atlantic Court,, Northfield Road, Devon
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