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 work2-bedroom flat · EX9 6JD
For saleListed 150 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
"Mimosa Court" is a purpose-built development of just eight apartments, which is situated in a highly sought after area of Budleigh Salterton benefiting from being approx.
300m from the seafront and in very close proximity to the wonderful coastal and river walks. Whilst also only approx. Half a mile level walk along the seafront to the town centre.
Communal Entrance Communal stairs rise to first floor landing which is shared with one other first floor flat. Private entrance door leads to..
Entrance Hall Built-in cloaks cupboard with hanging rail, shelf and wall mounted electric consumer unit.
Further built-in units housing the washing machine, tumble dryer and gas fired boiler which serves the central heating and domestic hot water.
Radiator and modern oak doors lead to the bedrooms and bathroom.
Open-Plan Living And Kitchen/Dining Room A light and spacious open-plan living and kitchen/dining space with both areas benefiting from access onto the balcony.
Living Area A light and spacious living room, offering a lovely view towards the Otter Head and the sea from the large double glazed window and double glazed door which provides access onto the balcony.
There are television and telephone points, a modern radiator, wall lights and a wide square opening keading to the kitchen/dining area.
Kitchen/Dining Area Fitted with a range of built-in units and shelving with ample worksurface and tiled splashbacks. Inset one and half bowl sink unit with drainer and mixer tap.
Inset electric induction hob with built-in electric oven below.
Space for upright fridge/freezer, Space for dining table and chairs, modern radiator, recessed ceiling lights and double glazed sliding door providing access out to the balcony.
Balcony A lovely place to sit out and enjoy the view towards the Otter Head and the sea. Bedroom One A good size double bedroom with doubke glazed window to the rear offering a pleasant outlook.
Recessed shelved storage and raditor. Bedroom Two A very spacius bedroom that has been created from previously being two bedrooms.
Which now offers two double glazed windows to the rear offering a pleasant outlook and two radiators.
Bathroom A moden suite benefiting from having a panelled bath with mixer taps and a separate large walk-in shower enclosure with mixer shower and glass screen. Modern splashback tiling.
Wall mounted wash hand basin with mixertap and wall mounted mirror fronted storage cabinet with decorative lighting above and low level WC.
Recessed ceiling lights with integrated extractor fan over shower enclosure. Ceilng hatch with pull down ladder and light to roof space.
Outside "Mimosa Court" is served by a generous turning and parking area which also provides access to the garages and the main communal entrance.
There are well maintained communal gardens surrounding Mimosa Court with lawns and mature shrubs borders to each side and to the rear, the garden is laid to lawn with a sloping bank that is planted with a good variety of shrubs and plants, providing an abundance of colour throughout the seasons.
The garage is located in a block and benefits from having an Ohme EV car charging point and additional parking in front of the garage.
Material Information Tenure: Shared Freehold (999 year lease from 1974) Maintenance: We understand that this charge is currently £350 paid quarterly per flat owner. (£1,500 per annum).
EPC: C Council Tax: Band D with East Devon District Council. Rights and Restrictions: No holiday lets. Pets considered.
Mains: Gas, Electricity, Water & Drainage Broadband and Mobile Signal Availability - We advise that you should check the availability and signal strength with your supplier.
Flood Risk: Low risk means that this area has a chance of flooding of between 0.1% and 1% each year. Directions What3Words : ///ready.compound.parked
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About Flat 6, Mimosa Court,, Granary Lane, Devon
Explore nearby