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 · TQ9 5QL
Sold STCListed 45 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious three-bedroom second-floor apartment in a prime central Totnes location with lift access, period charm and riverside views. EPC Band: C.
Situation Applewharf is located in the heart of Totnes, a vibrant market town renowned for its rich history, colorful character, and cultural charm.
The town offers an excellent range of independent shops, galleries, cafes, and essential amenities, including a hospital and supermarkets.
Residents can enjoy scenic riverside walks, historic landmarks such as the Norman Castle, and a thriving community atmosphere.
Conveniently positioned between Exeter and Plymouth, Totnes provides excellent transport links, including a mainline railway station with rapid connections to London Paddington and the nearby A38 Devon Expressway, just 6 miles away.
Description 16 Applewharf forms part of an elegant period building, sympathetically converted into a select number of high-quality apartments.
This beautifully appointed second-floor home offers over 1,060 sq ft of accommodation and occupies a central yet peaceful position within Totnes.
With its generously proportioned rooms, high ceilings, and attractive sash windows, the apartment offers a refined sense of space and comfort.
The layout is well suited for those seeking a full-time home or a stylish lock-up-and-leave with all the town’s amenities on the doorstep.
Accommodation A welcoming entrance hall leads to all principal rooms, providing a natural flow throughout the apartment.
The spacious sitting/dining room enjoys a bay of three large sash windows to the north elevation, flooding the space with natural light and offering rooftop views across Totnes.
Adjacent is a well-appointed kitchen with integrated appliances, ample storage, and generous worktop space.
There are three comfortable double bedrooms, all with lovely outlooks and generous proportions.
The largest is located to the south of the apartment and offers excellent space for both sleeping and additional furnishings.
The central bedroom is perfect as a guest room or home office, and the third enjoys a peaceful position next to the sitting room.
A family bathroom and additional cloakroom complete the accommodation, and there are two storage cupboards within the hallway.
Outside Applewharf residents benefit from a shared ground-floor entrance with lift and stair access to all floors. Private parking for one vehicle. Services Mains electricity and water.
Electric night storage heaters. Superfast broadband speeds of up to 100Mbps available. Major mobile network providers available. Tenure Lease: 963 years remaining.
Ground rent: £50 per annum which covers the parking space. Service charge: Approx. £2899.08 per annum, paid in quarterly instalments of £724.77.
Management company is Carrick Johnson Management Services. Directions From the Totnes office proceed along to the mini roundabout and go straight across into The Plains.
Carry straight on in a southerly direction and Applewharf will be located on the left hand side. Pass under the archway into the courtyard and follow signs to No.16.
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
Agent & docs
FAQ
About 16 Applewharf, The Plains, Totnes
Explore nearby