2-bedroom flat · TQ5 8EJ
For saleListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Level entry purpose built apartment - Newly constructed in 2014 this superb 2 double bed apartment is situated on the first floor but has level entry from Higher Street!
A perfect home or low-maintenance lock-and-leave - currently run as a very successful holiday let.
No onward chain “Captain’s Rest” is an impressive and thoughtfully designed development, completed in 2014 and comprising just four similar apartments.
Apartment 1 enjoys the advantage of level access directly from Higher Street, making it particularly well-suited as a centrally located holiday retreat or an easily accessible coastal base.
Positioned just a minute’s gentle stroll from the harbour and waterfront, the property places you at the heart of everything Brixham has to offer, with its vibrant amenities, shops, and eateries all close at hand.
The apartment also benefits from its proximity to the main central car park and excellent transport links, including the number 12 bus route providing convenient access to the mainline rail connections at Paignton.
Accessed via a secure communal entrance lobby, Apartment 1 is immediately reached from the main doorway, enhancing both convenience and privacy.
Internally, the property offers a generously proportioned and well-balanced layout, with an open-plan design to the principal living space that maximises both light and a sense of space.
Its slightly elevated position ensures a bright and airy atmosphere throughout.
The apartment is presented to a high standard, featuring a sleek, modern fitted kitchen, a stylish contemporary bathroom suite, and two comfortable double bedrooms, both with built-in wardrobes.
There is also ample room for both lounge and dining furnishings, making it ideal for relaxing or entertaining.
The property is offered as a going concern, with furnishings available by separate negotiation, allowing for a seamless transition into holiday letting or immediate personal use.
It is held on a 999-year lease from 2014, with an annual maintenance and ground rent charge of approximately £700, representing an attractive and low-maintenance ownership opportunity in this sought-after coastal location.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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
Agent & docs
FAQ
About 1 Captains Rest, 67, Middle Street, Brixham
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