We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · EX31 1AU
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Selling made easy scheme available - Removals and decluttering services included *Viewings by appointment only Plot 15, One Bedroom Apartment, Barum Lodge Barum Lodge is a collection of 75 one and two-bedroom retirement apartments.
Ideally located for the town centre, home to a wide variety of High Street stores, supermarkets and independent stores.
These brand new retirement homes are the perfect base for exploring the north Devon coast as well as the beautiful Exmoor National Park.
This brand-new development benefits from a range of communal facilities including an Owners' Lounge with coffee bar and communal patio with views across the River Taw and Guest Suite.
There is a free car park and beautifully landscaped grounds which are maintained on your behalf. Some apartments at Barum Lodge also feature balconies providing the perfect outside living space.
Apartments at Barum Lodge are self-contained with their own front door providing privacy when you want it, but with a communal Owners' Lounge where you can meet up with like-minded neighbours or join in with one of the regular social events.
All apartments are fitted with a 24-hour call centre support system, video door entry system and an intruder alarm as standard providing you and your family with peace of mind.
A Lodge Manager is responsible for the effective and smooth running of the development. There is a free car park and beautifully landscaped gardens which are maintained on your behalf.
Some apartments at Barum Lodge also feature balconies providing the perfect outside living space.
Kitchens are tiled with colour-coordinated worktops and come fully fitted with a waist-height oven, hob and upright fridge/freezer as standard.
Shower rooms feature low-level shower trays and easy turn taps. Two bedroom apartments feature a separate WC or an en-suite.
We appreciate everyone's household costs will differ, and just how daunting the idea of a service charge can be.
We are here to help you every step of the way, please contact one of the team to discuss your current costs and help you discover just how much you could be saving.
A full service charge budget analysis is available for each individual development.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Plot 15, Barum Lodge, North Walk, Barnstaple, Devon, EX31
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