2-bedroom flat · EX7 9JB
For saleReduced £10k (−4.2%) on 22 OctListed 77 days
Opportunity summary
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About
Tenure: Leasehold An exciting opportunity to purchase this wonderfully spacious two bedroom apartment within East Cliff House offering deceptively spacious accommodation throughout and enjoying wonderful sea and coastal views.
The accommodation briefly comprises; a generous reception hall, two bedrooms, large family bathroom, fitted kitchen, large living room/dining room enjoying wonderful sea and coastal views, basement with private room within suitable for storing bicycles etc, uPVC double glazing, gas central heating.
Obscure glazed multi-paned timber door into...
Spacious reception hall With coat hanging hooks, double doors to useful storage cupboard housing wall mounted gas boiler supplying domestic hot water and gas central heating.
Attractive column radiator. Door to... Bedroom two With uPVC double glazed window to side enjoying wonderful sea views. Vertical column radiator, power points. Door to...
Large family bathroom With high level obscure uPVC double glazed window to side, white suite comprising close coupled WC, pedestal wash hand basin, panelled bath with wall mounted electric shower over, chrome ladder heated towel rail, useful storage cupboards, tiled splash backs, extractor fan, tiled flooring.
Bedroom one With uPVC double glazed window to side enjoying stunning sea views. Attractive feature fireplace with timber mantle and granite hearth. Vertical column radiator, power points. Door to...
Kitchen Double doors leading through to the sitting room diner.
Comprehensive range of matching wall and base units with quartz work surface over, matching up-stand, inset one and half bowl composite sink drainer with mixer tap, space for electric cooker, integrated microwave, dishwasher, space and plumbing for washing machine and space for American style fridge freezer, tiled splash backs, power points.
Sitting room diner With uPVC double glazed bay window to front and side, further uPVC double glazed window to front enjoying stunning sea and coastal views.
Fireplace housing gas fire with granite surround, mantle and hearth, three modern vertical column radiators, power points, TV aerial connection point, space for a large dining table and chairs, attractive cornicing, two useful built in shelving units.
Outside Steps lead down to the basement which is communal and has access to the electric and gas meters.
Doorway through into a private storage area perfect for outdoor pursuits equipment, bicycles, paddle boards etc. And with timber shelving.
Agents notes; Please note: To preserve the quiet community of the building, the lease contains a restrictive covenant prohibiting subletting, making this an exclusive opportunity for owner-occupiers.
Tenure & Financials - Tenure: Leasehold (967 years remaining) with a 25% Share of Freehold - Ground Rent: Peppercorn - Service Charge: £200 per calendar month - Council Tax Band: C East Cliff House is a proactively resident-managed building of just four apartments that has recently benefited from major capital improvements, including roof repairs and replacements, electrical upgrades, and comprehensive fire and safety compliance.
The £200 pcm service charge set and voted for by the residents covers building insurance, ongoing maintenance, and a healthy reserve fund, securing the long-term upkeep of this attractive period property while protecting residents from unexpected major bills.
EPC Rating: C
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 2, East Cliff House The Drive, Dawlish
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