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See how verdicts work4-bedroom maisonette · EX8 1AQ
For saleListed 248 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rare opportunity to purchase two very well presented two bedroom maisonettes, located in the heart of the town centre and within a short stroll of the seafront.
Currently successfully operated as short term holiday lets. Carport parking available by separate negotiation.
Each Maisonette Comprises:- • Spacious open-plan kitchen/sitting room with bay window • Modern fitted kitchesn with integrated oven, hob and extractor • 2 Double Bedrooms • Modern Bathrooms • Phone Entry System • Double Glazing & Gas Central Heating • Carport Parking available beneath the properties by separate negotiation • Successfully operated as short-term holiday lets (income figures available) • No Onward Chain description: Two very well presented and neutrally decorated two bedroom maisonettes, ideally positioned in the very heart of Exmouth town centre.
Arranged over the first and second floor, the accommodation includes bright and spacious open-plan kitchen/sitting rooms with bay windows, modern fitted kitchens, each property has two well-proportioned double bedrooms and modern white bathroom suites.
The properties have been successfully operated as a short-term holiday lets in recent years, with income figures available to demonstrate a typical return on investment, making it an attractive option for investors or those seeking a seaside bolt-hole.
The properties are offered with no onward chains.
Location : The property is located within the town centre of Exmouth, just a short walk to the train and bus links and the beachfront just a 10 minute walk away.
Exmouth is a popular coastal town surrounded by beautiful Devon countryside and yet only twelve miles by road and rail from the Cathedral City of Exeter, with its intercity railway station, airport and access onto the M5 motorway.
Exmouth boasts over three miles of golden sands and is ideal for a range of activities including boating, sailing and water skiing.
The town also has a range of shops including an M&S Foodhall, a variety of restaurants, schools, a modern sports centre, swimming pool and various other amenities.
Additionally, Manor Gardens is located directly opposite the apartment, providing an attractive green open space ideal for relaxation or enjoying a coffee from the well-regarded Bumble and Bee café.
The accommodation of each property comprises (all measurements are approximate):- ground floor Communal entrance serving two apartments with staircase rising to... First floor Private front door to...
Reception hall: Staircase rising to second floor. Door to...
Open-plan kitchen/sitting room: 6.1m x 6.17m (20'0" x 20'3") into wall recess x 4.67m (15'4") plus double glazed square bay window overlooking the front aspect. A bright spacious room comprising...
Kitchen area: Fitted with wood-effect worktops and matching splashbacks. Inset single drainer sink unit with mixer tap and glass splashback.
A range of cupboards and drawer units, with plumbing for washing machine beneath the work surfaces.
Inset four-ring hob with glass splashback and chimney-style extractor hood over with light, and built-in oven below. Matching wall-mounted cupboards. Space for fridge freezer. Radiator.
Sitting area: Radiator. Door entry phone. Second floor landing area: Access to storage cupboard. Doors to... Bedroom 1: 3.51m x 2.69m (11'6" x 8'10") Double glazed sash style window to front aspect.
Radiator. Bedroom 2: 3.68m x 3.38m (12'1" x 11'1") maximum overall measurement. Another spacious double bedroom with double glazed sash style window to front aspect. Single cupboard. Radiator.
Bathroom/WC: 2.31m x 1.83m (7'7" x 6'0") White suite comprising bath with shower attachment, shower splash screen and tiling to splash prone areas. Pedestal wash hand basin with tiled splashback.
Low level WC. Chrome heated towel rail. Recessed ceiling led spotlighting. Extractor fan.
Outside: Parking is available within a carport located beneath the apartment building and may be acquired by separate negotiation.
Tenure: Share of Freehold service & maintenance charge: Each property benefits from a 50% share of the Freehold.
There is no fixed monthly maintenance charge; instead, costs are apportioned on an as-required basis, with quotations obtained for works when necessary and expenses shared between Flats 6 and 7.
WHAT3WORDS: ///suffice.pulse.exchanges
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flats 6 and 7, 37 The Strand, Exmouth
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