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 work3-bedroom flat · EX12 2RJ
For saleListed 918 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented 3 bedroom top floor apartment is located close to the heart of the town and within easy walking distance of local amenities, including a wide range of restaurants, independent shops and also the sea front.
The apartment is accessed from the main front door from Queen St. Via the communal entrance hall, with stairs leading to the front door of the apartment.
Stairs lead into the light and airy hallway, which offers access to all other rooms. The large bright living room has plenty of space for furniture and has a large window and TV points.
The kitchen is fitted with a wide range of cupboards at both eye and base level, with an integrated electric oven and hob with extractor over. There is also plenty of space for additional appliances.
The first and second bedrooms are good sized double rooms whilst the third bedroom is a sizeable single room.
The bathroom benefits from a bath with shower over with glass screen door, basin, WC and a ladder style radiator.
The property is fully double glazed and benefits from gas-fired central heating and UPVC double glazing.
As well as offering the opportunity to own a conveniently located home, the property would also make the ideal investment property.
Viewing By prior appointment with Redferns directions services We are informed that all main services are connected mobile & broadband coverage For specific checks please use tenure Leasehold.
Each leaseholder is a director of the management company outgoings Council Tax Band B Annnual Maintenance Charge is £1050.00pa. Agents note Data protection act of 2017.
We are now required to obtain proof of id and proof of residence for any prospective purchaser before formally agreeing a sale.
Photographic identification such as passport or driving licence, proof of residence, utility bill, council tax or official Inland Revenue correspondence. Important notice 1.
Every care is taken in preparing these particulars but they do not constitute nor constitute any part of an offer or a contract.
They are prepared in good faith but they are for guidance only and intended to give a fair description of the property. 2.
Statements contained in these particulars are not to be relied on as statements or representations of fact and are made without responsibility on the part of the agents or vendor.
An intending purchaser must satisfy themselves by inspection or otherwise as to the correctness of each statement.
The vendor does not make or give and neither the agents or their employees have authority to make or give any representation or warranty in relation to the property or its use. 3.
Any reference to alterations to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained.
These must be verified by any intending purchaser. 4. All properties are offered subject to contract and being unsold.
No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting any property which has been sold, let or withdrawn.5.
The photographs show only certain parts and aspects of the property at the time they were taken. Any areas, measurements or distances given are approximate only. 6.
Descriptions of a property are inevitably subjective but we endeavour to make our particulars accurate.
If there are any points of particular importance please contact us before viewing and we will be pleased to check or clarify information.
Redferns is a trading name of Redferns Ottery St Mary Limited Registered in England and Wales 4817078 Registered Office 8 Mill Street, Ottery St Mary, Devon EX11 1AD
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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FAQ
About Flat 5, Abbey House, Seaton
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