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See how verdicts work2-bedroom flat · DT7 3NP
Listing removedListed 605 days
Opportunity summary
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About
A beautifully modernised two bedroom first floor apartment with wonderful views over Lyme Bay and the surrounding countryside. No onward chain.
The Property Flat 4 Chesil Court is a tastefully modernised two bedroom apartment set in a purpose block of just six apartments.
This apartment enjoys a glorious position with elevated views across the town, surrounding countryside and down towards Lyme Bay.
The property is presented in excellent condition throughout after being renovated in recent times and is offered to the market in show home condition.
Improvements include updating the kitchen, bathroom, central heating system with a Worcester boiler and replacing the consumer unit along with complete rewire.
Accommodation From the garage and parking area a communal entrance hallway and stairs lead up to the first floor apartment.
Number 4 is situated at the rear of the building where you will find the best views within the development.
A replacement composite double glazed door leads through to a spacious entrance hallway which provides access to all principal rooms as well as two good size storage cupboards.
The sitting room features a Juliet balcony with views out over Lyme Regis. The kitchen has been remodelled with modern contemporary units, integrated appliances and decorative all tiling.
Both bedrooms are of a good size and also make the most of the views. There is smart contemporary bathroom with shower over the bath, extensive tiling and vanity unit offering additional storage.
Outside To the outside of the development are communal lawned gardens, a bin store and driveway leading to the garages. Flat 4 owns the garage to the left the entrance.
Situation Chesil Court is located less than a mile from the beautiful Lyme Bay and its beaches.
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 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 provides a good range of day to day amenities, as well as a vibrant market every Thursday and a mainline train service to London Waterloo.
Directions What3words /// revived.signs.irrigate Services Mains electric, gas, water and drainage. Broadband : Ultrafast available. Mobile Network Coverage : Likely outside. Limited inside.
Source - Local Authority Dorset Council. Tel : Council Tax Band B Agent's Notes 1. The property is located in flood zone 1, an area with a low probability of flooding. 2.
We understand that the flat is held on a 999 year lease from October 1983. Each property owns a share of the freehold which is managed by Clappentail Estates Co Limited.
The most recent yearly service charge was £1440.
Whilst holiday letting is not permitted we understand that long term letting on an assured shorthold basis is allowed along with using the apartments as private second residences. 3.
We are informed that no pets are permitted at the property.
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 4, Chesil Court, Clappentail Lane, Lyme Regis
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