4-bedroom flat · EX8 1HL
Sold STCReduced £10k (−4.3%) on 21 JunListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the heart of the town centre, this spacious top-floor apartment enjoys views over the Strand towards the estuary.
Arranged over two floors, the property offers a bright lounge with feature fireplace, modern fitted kitchen, two bedrooms and a bathroom on the first floor.
The second floor provides two further double bedrooms. No onward chain.
Full Description Situated in the heart of the town centre, this spacious top floor apartment enjoys attractive views over the Strand and towards the estuary.
Arranged over two floors, the property offers well-proportioned accommodation throughout.
On the first floor there is a large and bright lounge with a charming feature fireplace and window overlooking the Strand.
The modern fitted kitchen offers a range of contemporary units with integrated appliances and space for additional appliances.
Also on this level is a double bedroom to the rear, a single bedroom and a bathroom.
Stairs rise to the second floor where there are two further generous double bedrooms, one enjoying an outlook across the town, while the principal bedroom benefits from views towards the Strand with glimpses of the estuary.
Previously run as a successful rental investment with a yield of approximately 7.3%, the property is offered with no onward chain.
Material Information Tenure: Leasehold Lease: 999 years from 2nd January 2014 Local Authority: East Devon District Council Council Tax Band: B Rights and Restrictions: Tbc Mains: Electric, Water and Drainage Heating: Electric Heating
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.
Area
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FAQ
About Flat 2, 3A,, Rolle Street, Devon
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