1-bedroom flat · DT7 3LS
For saleListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A chain free apartment, located on the outer edge of Lyme Regis which has the benefit of an allocated parking space.
The Property A light and well-presented apartment located close to the amenities on offer in Lyme Regis, in what was originally a former boathouse and store that was converted in the 1980, s into eight apartments.
Accommodation You enter directly into the bright reception room which benefits from high ceilings and natural light which floods the room, creating a welcoming space to relax or entertain.
A shower room and fitted kitchen sits just off the living area, providing everything needed for modern convenience.
Above the living area is the galleried mezzanine sleeping area that leads into a room that offers excellent flexibility for use as a study / home office or extra storage.
The kitchen is fitted with wall and base units including a stainless-steel sink and drainer, space for oven with cooker hood over, space for undercounter fridge, space and plumbing for washing machine and tumble dryer.
Outside From the main road, a driveway leads up to a parking area where you will find allocated parking for one car. Local Authority West Dorset District Council, Telephone . Council Tax Band C.
Situation The property is located with a favourable area of Lyme Regis, along Uplyme Road with easy access to the secondary school and less than one mile inland from the town beach.
Lyme Regis is a most popular and picturesque coastal town noted for its attractive period buildings, the famous centuries-old Cobb and harbour.
In the town is an excellent selection of facilities including many independent shops, supermarkets and a number of restaurants and hotels, together with a theatre and various museums.
A short walk from the high street is the charming award-winning sandy beach, ideal for families; the harbour, popular with anglers and those keen on deep sea fishing trips; the sailing and power boat clubs.
The nearby market town of Axminster offers a good range of day-to-day amenities, as well as a vibrant market every Thursday and a mainline train service to London Waterloo.
Services Mains electric, Gas and water.
Broadband: Ultrafast broadband available Mobile network coverage: There is mobile coverage available in the area, please refer to Ofcom's website for further details.
Source- Directions Lease The apartment is Leasehold held on a 999-year lease from 2001. All owners are shareholders within the Sherwood apartment management company.
Ground rent : £100 per annum Service charge : £945.00 in 2025/26 and £945.00 in 2026/27. Each apartment pays an equal share for any maintenance works due.
Material Information 1.) The property is at very low risk of flooding from both rivers & seas and surface water 2.) The apartment would make a wonderful first-time purchase or second home, however we understand that holiday letting is not permitted and the lease does not allow for pets.
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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FAQ
About Flat 1 Sherwood, Uplyme Road, Lyme Regis
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