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 work2-bedroom flat · TQ12 2FD
For saleListed 582 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A modern two bedroom second floor apartment with allocated parking and access to communal areas.
Description A modern and well looked after purpose built first floor apartment situated in a convenient and accessible location of Newton Abbot.
Undercover allocated parking space with a communal entrance providing stairs and a lift.
Once inside, the entrance hallway leads to the accommodation which comprises open plan living area and kitchen, with French doors opening onto balcony with space for seating.
There are two well proportioned bedrooms and family bathroom. There is access to the communal garden space to the rear of the building.
Whitelake Place is on the outskirts of the town and provides access to local amenities including Newton Abbot Hospital, shops, restaurants, schools and the nearby Retail Park in Kingsteignton.
The main railway station with mainline connection for London Paddington is within a short distance and handy road links for A380 Exeter/M5 and beyond.
Front Of The Property One allocated parking space in a secure block. Communal bin, and lift.
Entrance Hallway Secure door entry intercom system, large storage cupboard with shelving, cupboard housing the hot water tank, doors to all principle rooms.
Kitchen 8' 6" max x 6' 1" max ( 2.59m max x 1.85m max ) Wall and base units, space for electric oven with extractor over, stainless steel sink/drainer, space for washing machine, space for upright fridge/freezer, part tiled.
Lounge 14' 10" max x 16' 11" max ( 4.52m max x 5.16m max ) Double glazed window to the rear of the property, wall mounted radiator, with double glazed French doors leading onto the covered balcony with a glazed balustrade and a wall mounted radiator.
Bedroom One 10' 8" max x 11' 11" max ( 3.25m max x 3.63m max ) Double glazed window to the rear of the property, hard wood flooring and a wall mounted radiator.
Bedroom Two 6' 8" max x 11' 11" max ( 2.03m max x 3.63m max ) Double glazed window to the rear of the property, hard wood flooring, loft hatch and a wall mounted radiator.
Bathroom Bath with mixer taps and shower over, WC, wash hand basin, light and shaver point, part tiled and a wall mounted radiator.
Agents Notes This property is currently under shared ownership with 25% ownership by the seller.
The property is offered to market with the option to purchase 100% in conjunction with Sanctuary Housing Association, who would need to be contacted to ensure any criteria are met by the interested party.
Breakdown: Rent: £344.85 Maintenance: £204.05 Sinking Fund: £52.16 Total Rent Cost: £601.06 Remaining Lease - 99 years 26/11/2010 (84 years remaining) We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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 69, Whitelake Place, Newton Abbot
Explore nearby