2-bedroom flat · TQ12 2TF
For saleReduced £10k (−6.3%) on 23 SepListed 109 days
Opportunity summary
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About
Description Arriving at this well-presented second floor apartment it benefits from allocated parking for one vehicle and access via a secure communal entrance, with stairs rising to the second floor.
Upon entering, a spacious hallway provides a warm welcome and leads through to the well-proportioned accommodation.
The spacious lounge/diner has been thoughtfully designed to offer a comfortable living space, enhanced by the added benefit of underfloor heating.
There is ample room for both lounge furniture and a dining table and chairs, creating the perfect setting for relaxing, enjoying family meals or entertaining guests.
Large windows allow an abundance of natural light to fill the room, creating a bright and inviting atmosphere.
The modern kitchen offers a range of wall and base units with work surfaces over and benefits from an integrated four-ring electric hob and electric oven.
There is also plumbing for a washing machine and space for a freestanding fridge/freezer. The apartment offers two generous double bedrooms, both benefiting from plenty of natural light.
Completing the accommodation is a well-appointed bathroom comprising a bath, low-level WC and wash hand basin. Further benefits include double glazing throughout.
Riverside Court is situated in a convenient and well-connected part of Newton Abbot, offering an excellent location close to the town centre and a wide range of everyday amenities.
Residents benefit from easy access to supermarkets, independent shops, all within easy reach.
It is ideally positioned for commuters, with Newton Abbot railway station nearby providing direct links to Exeter, Plymouth and beyond, while excellent road connections via the A380 make travelling across South Devon straightforward.
Council Tax Band: A (Teignbridge District Council) Tenure: Leasehold (961 years) Ground Rent: £0 per year Service Charge: £900 per year Please note that the Lease states "No bird dog or other animal or pet shall be kept in the flat which in the opinion of the Lessor shall or may cause any nuisance or annoyance to the Lessor or the other owners or occupiers of other flats in the building".
Please note that the Leasehold Title states" Not to keep breed or otherwise possess poultry or other animals or birds upon the Property save that this restrictions shall not prohibit the keeping of domestic dogs cats and other small domestic animals or recognised cage birds." Please Note *** Draft details and subject to change *** Mortgages iMove Estate Agents work in partnership with Larkspur Financial.
Should you require a mortgage or professional advice, please let us know and we will be pleased to introduce you to their team, who can help explore the most suitable options for you.
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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About Flat 16, Riverside Court, Newton Abbot
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