2-bedroom flat · TQ12 2FD
For saleListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference number : 723935 -For sale on a 40% Shared ownership basis -2 bed Top floor Apartment in Newton Abbot, Devon. £60,000.
•A modern, purpose built top floor, two bedroom Apartment, in a convenient location within walking distance of Newton Abbot, Town centre. •Undercover allocated parking . •Communal garden space.
•Communal entrance with lift and stairs to all floors. The Apartment is situated on a quiet corridor-accessed by key fob.
•The Apartment is at the rear of the building overlooking a local nature reserve.
•Once inside the Apartment you enter a hallway with 2 large built in storage cupboards •Large Open plan living area including kitchen (5.5 meters x 6.3 meters) with French doors to balcony overlooking the nature reserve.
Kitchen has floor and wall units, with space for washing machine, fridge\freezer and an electric point for the cooker.
•Bedroom 1 -Double room (3.6 meters x 3.2 meters) with French doors onto the second balcony. •Bedroom 2 -Double room (3 meters x 2.5 meters) •Family bathroom with a mixer shower over the bath.
•Windows and French doors are double glazed. Property has electric heating, with radiators in all rooms and hallway. Rent on remaining 60% is £298.50 per month. Service charge is £251.74 per month.
(includes £57.85 to sinking fund) 1 mile to Newton Abbot Racecourse. 6.5 miles to Teignmouth. 8 miles to Torquay. 15 miles to Dartmoor. 18 miles to Exeter.
Council Tax: B Rent Payable: 298 Current Annual Service Charge: £3,020 Service Charge Review Period: 1 Years Current Length Of Lease Remaining: 84 Years Shared Ownership: Yes Warning: Never transfer funds to a property owner before viewing the property in person.
If in doubt contact the marketing agent or the Citizens Advice Bureau.
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If there is any point which is of particular importance to you, please contact Quicklister and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.
Property Reference number : 723935
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 67, Whitelake place, West Golds Way, Newton Abbot, Whitelake place, West Golds Way, Newton Abbot, Newton Abbot
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