1-bedroom flat · TQ9 5UB
For saleReduced £5k (−2.9%) on 12 OctListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to welcome to the sales market this well-presented one-bedroom ground floor apartment, situated within the popular Rainbow View development and offered to the market with No Onward Chain.
Located on Parkers Way, the property offers modern, contemporary living and is ideally positioned within a short walk of Totnes town centre and its excellent range of local amenities.
The accommodation comprises a private entrance leading into a bright, open-plan living space.
The modern fitted kitchen is positioned along the right-hand wall and features a range of wall and base units, integrated fridge/freezer, dishwasher, combined washer/dryer, induction hob and electric oven, providing ample storage and practicality.
The open-plan layout creates an inviting and versatile living area, ideal for modern lifestyles.
Leading from the living space is the double bedroom with a contemporary en-suite shower room, comprising a shower cubicle, wash hand basin and WC.
The property further benefits from an allocated residents' parking space and an Automist fire suppression system, which has been maintained and serviced annually.
2 Rainbow View has been a successful rental investment for several years, currently achieving a monthly rental income of £740.00 pcm.
Throughout its ownership as a rental property, annual servicing has been carried out, including maintenance of the Automist system and an Electrical Installation Condition Report (eicr).
The property will appeal to a variety of purchasers, including first-time buyers looking to step onto the property ladder, those downsizing seeking low-maintenance accommodation, and investors looking for a ready-to-let opportunity.
Rainbow View provides comfortable, modern living, while the ongoing regeneration and investment in the Parkers Way area continues to enhance its appeal, making it an increasingly attractive location in which to live and invest.
Value & comps
No previous sales on record.
Returns
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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 Flat 2, Rainbow View, Rainbow View, Parkers Way, Totnes TQ9, Totnes
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