3-bedroom flat · EX9 6HR
For saleReduced £25k (−7.1%) on 10 SepListed 206 days
Opportunity summary
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About
This is a well-presented three-bedroom apartment situated in a quiet and highly favoured and intimate development of Raleigh Court.
The property offers a fantastic opportunity to enjoy comfortable living, whilst enjoying stunning sea views and is maintained to a high standard by the current vendor.
This property is also offered with no onward chain.
Hallway Upon entering the apartment from the communal hallway, one will find a gas central heated radiator with thermostat control, smoke alarm, fusebox, and an understairs storage cupboard with wall mounted hooks inside offering hanging space.
Lastly, one will find a wall mounted gas central heating control panel.
Sitting Room UPVC double glazed window to the front elevation of the property as well as a UPVC double glazed French doors providing immediate access onto the private balcony.
One can sit and enjoy the sea view from the balcony. Two gas central heated radiators with thermostat control. Single ceiling pendant light fitting and a TV aerial.
Kitchen UPVC double glazed window to the rear elevation of the property and a gas central heated radiator with thermostat control.
The kitchen is fitted with a good range of low and eye level units, rolled edge work surface with inset bowl-shaped sink with matching bowl-shaped drainer unit and mixer tap.
Inset electric 4 ring hob with electric fan assisted oven situated beneath. Extractor hood with light is located above the hob and oven. Integrated fridge, freezer, dishwasher and washing machine.
On the other side of the kitchen, one will find a breakfast bar with space for stools underneath.
All completed with a tiled splash back, two ceiling light fittings and the wall mounted gas fuelled Ideal combination boiler.
WC Obscured UPVC double glazed window to the rear elevation of the property, allowing natural light into the space whilst keeping a high level of privacy.
WC, floor standing vanity unit with sink sat on top with a mixer tap and a single ceiling pendant light fitting. Landing The landing space in Flat 5 benefits from a large storage area.
This could be used as multipurpose space. The current vendor has the space set up for storage, but it has the potential to become a dressing room or study space.
Smoke alarm and single ceiling pendant light fitting.
Bedroom One UPVC double glazed window to the front elevation of the property providing a pleasant view of the communal gardens but also the wonderful sea view beyond.
Gas central heated radiator with thermostat control, built in fitted wardrobes with further storage space above and a single pendant light fitting.
Bedroom Two UPVC double glazed window to the rear elevation of the property providing a green and rural view over the hills toward Sidmouth.
Gas central heated radiator with thermostat control, built in fitted wardrobes with further storage above and a single pendant light fitting.
Bedroom Three UPVC double glazed window to the front elevation of the property with pretty views over the communal gardens and sea view beyond.
The current vendor has this room set up as a secondary reception room to enjoy the views which shows the diverse space.
Gas central heated radiator with thermostat control and a single pendant light fitting.
Bathroom Obsecured UPVC double glazed window to the rear elevation of the property, allowing natural light into the space whilst keeping a high level of privacy.
Gas central heated radiator with thermostat control. Fully tiled bath area with bath and bath panel. Wall mounted mains powered shower with glass shower screen to complete the area.
WC, pedestal sink with mixer tap. Wall mounted mirror and two wall mounted towel hooks, a spacious storage cupboard with shelving and a ceiling light fitting.
Outside The property benefits from the use of communal gardens and single garage.
Material Information What3words: ///pheasants.heavy.grazes Tenure: Leasehold -135 years remaining Maintenance: £303.44 per quarter Restrictions: No holiday lets Council Tax: Band D East Devon Mains: Electricity, Gas, Water & Drainage.
Mobile in Property: All networks are likely. Flood Risk: Very low risk means that this area has a chance of flooding of less than 0.1% each year.
Parking Availability: Communal parking and private garage. Property Accessibility: Internal communal staircase to enter 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.
Area
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FAQ
About Flat 5, Raleigh Court 1A,, Raleigh Road, Devon
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