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See how verdicts work2-bedroom flat · EX23 9BW
Listing removedListed 320 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Riverview is a charming and stylish, recently converted ground floor flat featuring its own private waterside courtyard.
It is perfectly positioned in the heart of the historic market town of Stratton and just two miles from the vibrant coastal town of Bude.
The well-presented accommodation is accessed via its own private entrance and comprises an open-plan living/kitchen/dining room with herringbone lvt flooring, two bedrooms, and a modern shower room.
Outside, the private enclosed courtyard sits beside the tranquil River Neet, offering a peaceful outdoor space.
Ideally suited to first-time buyers or those seeking a second home or Airbnb investment property.
Property description Riverview is a charming and stylish, recently converted ground floor flat featuring its own private waterside courtyard.
It is perfectly positioned in the heart of the historic market town of Stratton and just two miles from the vibrant coastal town of Bude.
The well-presented accommodation is accessed via its own private entrance and comprises an open-plan living/kitchen/dining room with herringbone lvt flooring, two bedrooms, and a modern shower room.
Outside, the private enclosed courtyard sits beside the tranquil River Neet, offering a peaceful outdoor space.
Ideally suited to first-time buyers or those seeking a second home or Airbnb investment property.
Open plan kitchen living dining room 17' 4 max" x 15' 6 max" (5.28m x 4.72m) UPVC double glazed windows and door to front elevation overlooking the shared courtyard to the front and river.
Lvt herringbone flooring with mat well and two wall mounted electric heaters.
The kitchen is finished with a range of matching mat grey base units with contrasting square edge fitted worksurface and mat white wall units.
Inset stainless steel sink and drainer with mixer tap, inset electric hob with integrated oven, under counter fridge and dishwasher.
Door to:- inner hall Useful storage cupboard and lvt herringbone flooring.
Doors serve the following rooms:- bedroom one 11'10 max' 8'10 min" x 10' 10" (3.56m x 3.3m) A spacious double bedroom with UPVC double glazed window to the rear elevation and UPVC obscure double glazed door leading out to the courtyard garden.
High level television point and socket. Wall mounted electric heater.
Bedroom two 13'32 max' 4'9 min" x 7'9 max' 3'7 min" (4.06m x 2.21m) A irregular shaped room with UPVC double glazed window to side elevation overlooking the River Neet.
High level television point and socket. Wall mounted electric heater.
Bathroom 6' 3" x 3' 5" (1.91m x 1.04m) UPVC obscure double glazed window to the rear elevation, shower enclosure with electric shower and attractive aqua panelling, vanity unit with basin and mixer tap, push button low flush WC and wall mounted chrome electric heated towel rail.
Outside To the front of the property there is a communal refuse store, whilst to the rear there is a private enclosed courtyard which offer picturesque views over the River Neet.
Council tax Band A services Mains electricity, water and drainage. Tenure tbc length of lease and annual shared costs.
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
Agent & docs
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FAQ
About Riverview The Bay Tree, Bridge Street, Bude
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