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See how verdicts work2-bedroom flat · EX12 2XN
For saleReduced £5k (−2.2%) on 1 AugListed 519 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern purpose-built upper floor apartment with two bedrooms and far-reaching views toward the sea and Seaton’s seafront.
33 Norcombe Court is a purpose- built modern apartment built in the early 1990’s.
The building is located directly on the seafront and can be accessed via the front Esplanade or via Harbour Road where there is a lift from the rear lower-level car park.
Seafront facing, this apartment boasts impressive sea and cliff views from the living room, bedrooms and enclosed balcony and is ideally situated with a level walk to the beach, town and amenities.
This apartment is situated on the third floor of the main building and can be accessed via the sea front entrance, or via the car park entrance which is on the lower ground floor, stairs or a lift then rise to all floors.
On entering the property, the hallway gives access to the accommodation and living space beyond, alongside two storage cupboards.
The living room is situated to the front of the property and benefits from glazed patio doors which open to the balcony to take full advantage of the coastal views.
An opening then leads through to the kitchen which has a matching range of base and wall units, alongside space for several undercounter appliances and space for a tall fridge freezer.
There are two bedrooms both with picture windows facing south with sea views. Bedroom 1 is a double room, whilst bedroom 2 is slightly smaller.
The bathroom is fitted with bath with electric shower overhead. In addition, there is a large hand wash basin and WC, as well as a heated towel rail.
Tenure: Norcombe Court is a share of the freehold with a long lease of 999 years which commenced in 1990.
The owners of this apartment will become a 1/57th shareholder in Norcombe Court Management Co Ltd. Service Charges: £775.00 service charge payable half yearly in January and July.
The water charge is shared between the forty-two flats in the block. N.B: No holiday lets are permitted, however, shorthold tenancy agreements of six months or more are allowable.
Council Tax: We are advised that this property is in council tax band C. East Devon District Council.
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.
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FAQ
About 33, Norcombe Court, Devon
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