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See how verdicts work3-bedroom property · EX39 1LB
For saleListed 483 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*HOLIDAY HOME WITH RECENT 113 YEAR LEASE* A two storey, 3 bedroom holiday home on the edge of Golden Bay Holiday Park, within a short stroll of this popular seaside village and with each property enjoying beautiful views over the ocean to the front.
The property features 2 g/f double bedrooms, bathroom and utility room, and on the 1st floor a superb vaulted open plan living room and fitted kitchen with multiple roof light windows and sliding doors onto a balcony to enjoy the lovely sea views, and a 3rd double en-suite bedroom.
Parking space at the front of the development, 113 year lease ending 2135. Expected holiday rental returns of in excess of £20,000 gross per annum.
Please note: These properties are available for 12 month of the year holiday use only and cannot be used as a permanent residence. Tenure 113 year lease ending 2135.
Maintenance chargeEqual share of the annual cost 1/75th £1,402.25 plus VAT Ground rent £2,500 plus VAT (2022) Buildings insurance £400 (approx.)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
FAQ
About Merley Road, Westward Ho!, Bideford
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