3-bedroom flat · EX8 2BX
Listing removedListed 532 days
Opportunity summary
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About
A stunning penthouse style apartment in arguably one of Exmouth's finest locations with views of Exmouth beach, Exe estuary, Haldon Hills, Brixham to Berry Head and lighthouse.
It also provides a 'birds eye' view of shipping, yachting, windsurfing races and firework displays.
The beautiful residents' garden provides a variety of areas to enjoy and includes seating and a magnificent pond.
It also offers direct access to Madeira Walk, providing a level walk into town and the Maer, Exmouth Beach and leisure area.
The accommodation comprises: Lift rising to the top floor to hallway; private front door to: Reception hall: Picture rail; electric consumer unit.
Lounge/dining room: 5.18m x 3.66m (17'0" x 12'0") Sliding patio doors to balcony gaining stunning views over the Maer with uninterrupted sea and coastline views; two radiators; door to: Inner hallway: Useful storage cupboards; double glazed window and private door giving separate staircase access to ground floor and outside.
Kitchen: 3.63m x 2.59m (11'11" x 8'6") Fitted with a range of work top surfaces; inset single drainer sink unit; cupboards and drawers; plumbing for an automatic washing machine and dishwasher beneath; built-in oven and ceramic hob set into work top; wall mounted cupboards; open cupboard housing fridge freezer; tiled surrounds; double glazed window over and door giving access to the balcony and gaining wonderful coastline views.
Bedroom one: 3.66m x 3.51m (12'0" x 11'6") Sliding patio door giving access to the balcony and gaining stunning coastline views; radiator. Bedroom two: 4.17m x 3.07m (13'8" x 10'1") into dormer style.
Double glazed window to front elevation; picture rail; radiator; two fitted cupboards. Bedroom three: 4.17m x 3.02m (13'8" x 9'11") into dormer.
Double glazed window; two fitted cupboards; radiator; picture rail.
From reception hall opening to hallway with fitted cupboard and door to: Bathroom/WC: 2.9m x 2.06m (9'6" x 6'9") A modern suite with whirl pool bath, shower over and shower screen; pedestal wash hand basin with tiled splash back and mirror with integrated light; chrome heated towel rail; WC with push button flush; two double glazed windows with frosted glass; tiled floor; underfloor heating; extractor fan; recessed ceiling spotlighting.
Outside: Maer Bay Court has beautiful communal grounds all facing in a southerly direction with views towards Berry Head.
The gardens are mainly laid to lawn with well kept flower beds and a large rectangular carp pond. There is also a gate in the communal gardens which leads to Madeira Walk.
The garage is in a block and measures 16'x10' with an up and over door, electric power point and a parking space.
Tenure and outgoings: The service charge is approximately £275.00 per calendar month per flat which includes a contribution towards the lift maintenance and also includes central heating, hot water, maintenance of boiler, cleaning, redecoration and maintenance of communal areas, gardening/landscaping and buildings insurance.
The property also pays £500 twice a year into a general fund. The property benefits from a 999 year lease from 1961 and also 1/16th share of Maer Bay Freeholds (Exmouth) ltd.
Agents note: The central heating is communal and the bathroom has underfloor heating and a towel rail which is independent from communal heating.
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
Agent & docs
FAQ
About Maer Bay Court, 12,Flat 8, Douglas Avenue, Exmouth
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