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See how verdicts work2-bedroom flat · TQ1 4NW
For saleReduced £10k (−4.2%) on 21 OctListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the highly sought-after St Marychurch area, this beautifully presented two-bedroom first floor apartment forms part of an attractive Victorian conversion, a select development of just five apartments converted in 2021.
About This Property The apartment is approached via a communal driveway where there is an allocated parking space.
A ramp provides access to the secure communal entrance, complete with individual post boxes, leading into the well-maintained communal hallway.
Stairs rise to the first floor and the entrance to the apartment. Internally, the property is immaculately presented throughout.
The entrance hallway opens into a spacious open-plan living area, designed with modern living in mind.
The contemporary white kitchen features a range of matching wall and base units, a range cooker, integrated washing machine and dishwasher and space for a fridge freezer.
The room offers ample space for dining and lounge furnishings, creating a sociable and versatile living environment.
The main bedroom is a generous double room overlooking the rear gardens and benefits from two full-height tilt-and-turn windows allowing for plenty of natural light.
The modern bathroom comprises a bath with shower over, low-level WC, vanity wash hand basin, chrome towel rail and skylight. A well-proportioned second bedroom completes the accommodation.
Outside, the front of the property features a tarmac driveway, allocated parking and communal bin storage. A gravelled pathway runs along the side of the building leading to the gardens.
The grounds have been divided to provide private garden areas for apartments 1,3,4 and 5.
The garden belonging to the apartment is predominantly laid to lawn, providing an attractive outdoor space to enjoy.
Material Information What3words: ///sulk.evenly.fails Tenure: Leasehold 999 years from 1 January 2021 Maintenance etc: Service charge £1,619pa Ground Rent £100pa Council Tax: Band C with Torbay Borough Council Mains: Gas, Electric, Water & Drainage Heating: Gas Central Heating Parking: Allocated for 1 vehicle Rights and Restrictions: Call office
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
FAQ
About Flat 5, Falstone, 9, St Margarets Road, Devon
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