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 · TQ4 5DU
Listing removedListed 1013 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation Communal Entrance Door with security entry phone system. Communal Hallway Lift and stairs to all floors. Access to :- Entrance Hallway Front door to Apartment 10.
Illuminated light switch. Smoke alarm. Main door entryphone intercom. Cloaks/storage cupboard. Deep walk-in airing cupboard housing hot water cylinder. Intruder alarm control panel.
Cupboard housing circuit breaker box and electricity meter. Emergency pull cord. Heating controller.
Doors to:- Living Room - 6.07m x 3.28m (19'10" x 10'9") Feature focal point fireplace with fitted "living flame" coal effect electric fire. "Dimplex" slimline night store heater. Coved ceiling.
TV point. Telephone point. Built in cupboard housing electricity meters and electricity consumer unit.
UPVC double glazed window and door providing access to the covered patio area and overlooking rear garden.
Twin glazed doors from the lounge leading to:- Kitchen - 2.33m x 2.26m (7'7" x 7'4") Well-appointed with a range of built-in wall and base units in a beech effect with stainless steel effect fittings.
Contrasting marble effect square edge work surfaces. Inset single drainer stainless steel sink unit with mixer tap over. Integrated fridge. Built in "AEG" electric oven within tower unit.
Fitted "AEG" electric ceramic hob. Concealed under unit lighting. Tiled splashbacks to the work surfaces. Coved ceiling and fluorescent light. Extractor fan.
UPVC double glazed tilt and turn window overlooking the gardens. Bedroom - 5.43m Max x 2.75m Max (17'9" x 9'0") Illuminated light switch. Storage heater.
Built in wardrobe with bi fold doors, hanging rail and shelving. Telephone point. TV point. Wall mounted convector heater. Double glazed window.
Bathroom Quality white suite comprising shaped enclosed panelled bath with hand grip and shower unit over. Fitted shower curtain and rail. Wash hand basin set within a useful vanity unit.
Close coupled low level WC. Tiled walls. Wall mounted mirror with striplight over with integral shaver point. Wall mounted "Dimplex" electric heater. UPVC double glazed window. Coved ceiling.
Extractor unit. Built in cupboard. Emergency pull cord.
Residents Lounge Spacious, furnished residents lounge with kitchen facilities looking out over and leading to a sunny communal patio and garden areas.
Outside This flat has its own patio which is undercover and leads out onto the communal gardens.
The development itself is set within its own well-maintained gardens with attractive lawns, pergolas and sunny patio areas. There is communal parking on a first come first served basis.
Development Facilities Residents Lounge, Guest Suite available, Laundry Room, Garden areas, communal Car Park, Visiting Development Manager and 24 Hour Emergency Call cover system.
Agents Notes All Residents must be 60 years old and over. The property is Council Tax Band C. The lease is 125 years from 2008.
We are told the maintenance fee is circa £3057 per annum to include building insurance, general maintenance, window cleaning, water rates and gardening.
We are told ground rent is £425 per annum (tbc). The Managing Agents are First Port. A Pet is allowed with prior permission from the Freeholder but cannot be replaced once it passes.
The Parking is communal on a first come first served basis. The 24 hour call System is currently provided by Apello.
According to the Open Reach postcde Checker Superfast Fibre Broadband is available in the street.
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
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FAQ
About 10 Cypress Court, Fisher Street, Paignton
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