2-bedroom flat · TQ7 3PB
For saleListed 78 days
Opportunity summary
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About
FOR SALE BY AUCTION This spacious, south-facing ground floor apartment offers an inviting blend of comfort and practicality.
The apartment which would benefit from some updating comprises of a large entrance hall with built-in storage cupboards, a generous sitting/dining room filled with natural light which is ideal for relaxing or entertaining.
The fully fitted kitchen has plenty of floor and wall units with integrated appliances and is complemented by a separate utility room, adding valuable storage and functionality.
There are two good size double bedrooms, the rear bedroom has a sink/vanity unit and both have fitted wardrobes. Completing the interior is a bathroom and separate cloakroom.
Outside, there are front and rear gardens with patio seating areas for enjoying the fresh air and taking in the views, while a garage and additional parking ensure convenience for residents and guests.
The apartment is located next to the footpath which leads to the back of the hotel/shop/village store making easy access to local amenities and the beach.
Set in a desirable position, the property also benefits from wonderful sea views, creating a calm and scenic backdrop to everyday living.
Situation Thurlestone is an attractive village situated close to the spectacular Devon Coast in an Area of Outstanding Natural Beauty, the South West Coast Path is the only hike in the UK to have made it into the highly respected Lonely Planet Adventures Guide Book.
A short stroll takes you across to Thurlestone Sands with the landmark Thurlestone Rock, the popular ‘Beach House’ café and Thurlestone Marsh, one of three small wetlands south of the village.
Thurlestone has a vibrant community with popular primary school, a busy village hall, shop and post office, church, and the 16th century Village Inn.
There is even a converted BT Red Phone Box providing ‘The Thurlestone Book Exchange’.
The Thurlestone Hotel has a superb health club with spa, indoor and outdoor swimming pools and there is a fine 18-hole links golf course.
The nearby market town of Kingsbridge provides a good range of shops, a health centre, leisure centre with indoor swimming pool, library, schools, and churches.
METHOD OF SALE The property will be offered for sale at Harbour House, The Promenade, Kingsbridge subject to a reserve price on the 17th September at 3pm. Unless previously sold.
DEPOSIT A 10% deposit based on the sale price will be payable at the fall of the hammer and in addition a 1% buyer’s premium will be payable to the vendor’s sole selling agents by means of a BACS payment at the time and venue of the auction.
PROXY BIDS Those not able to attend the auction but intend to use a proxy must complete and return a proxy form and have with them at the time of the auction a cheque made payable to the vendor’s solicitor for 10% of the guide price.
SPECIAL CONDITIONS OF SALE Copies of the Special Conditions of Sale can be obtained from either the vendor’s sole agents, Marchand Petit, Kingsbridge, or from the vendors solicitors, Richard Jones, Beers LLP, , Richard.
BUYERS PREMIUM A Buyer’s Premium of 1% plus VAT of the hammer price will be payable to the sole agents and auctioneers in addition to the purchase price and deposit payable to the vendor’s sole agent at the auction.
In the event the property is sold prior to auction or after the auction the Buyer’s Premium remains payable to the vendors sole agent in accordance with the contract.
MONEY LAUNDERING REGULATIONS All interested buyers attending the auction and intending to bid should register for anti-money laundering purposes providing proof of identity and address in order that we can comply with Money Laundering Regulations.
Successful purchasers will be asked to complete a buyers funding information form as part of our AML. COMPLETION To be agreed.
AUCTION CONDITIONS Our standard auction conditions can be viewed on our website under Marchand Petit's Standard Auction Conditions.
VIEWINGS Strictly by appointment with the vendors sole agents, Marchand Petit, Kingsbridge,
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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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About Mead Lane, Thurlestone, Kingsbridge, Devon
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