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See how verdicts work2-bedroom flat · EX9 6PY
For saleListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within walking distance of Budleigh Salterton Town Centre, Seafront and Schools is this purpose built, self contained, 2 double bedroom ground floor flat with its own good sized and level garden to the rear.
This gas centrally heated and double glazed property comprises living room, modern fitted kitchen, 2 double bedrooms and bathroom.
A real feature of this property is the large and enclosed rear garden with access to a storage/utility room, a further residential field shared with the residents and ample on street parking to the front.
* NO ONWARD CHAIN * Ground Floor Specification: Step up to front entrance door with outside security lighting leading to: Entrance Hall Living Room - 12'11" (3.94m) x 11'0" (3.35m) Kitchen/Breakfast Room - 14'5" (4.39m) x 8'11" (2.72m) Bedroom 1 - 11'6" (3.51m) x 10'11" (3.33m) Bedroom 2 - 10'10" (3.3m) x 7'11" (2.41m) Bathroom Front Garden Immediately adjacent to the front of the property are 2, easy maintainable shrub beds, 1 having a Holly Tree.
Pathway leads to the front entrance door. To the front is then ample on street parking. Rear Garden A feature of the property is its own, larger than average, level and enclosed Rear Garden.
Mainly laid to lawn with various shrub and herbaceous beds and borders. Timber fenced boundaries. Timber garden shed. Outside water tap. Front pedestrian access to side via timber garden gate.
Access via the garden is a Utility outhouse having uPVC double glazed window to rear, plumbing for a washing machine, Electric heater, Power and light connected.
Beyond the garden is a communal field for residents of the flats to use. Tenure The property is LEASEHOLD. There are approximately 100 years remaining on the lease.
The Freeholder is East Devon District Council. Combined Ground Rent, Services Charges and Building Insurance paid annually.
Services Mains gas, electricity, water (metered) and drainage all connected to the property. Council Tax Band B.
Agent's Note The property is sold subject to a restriction imposed under section 157 of the Housing Act 1985 which states that the property must be sold to a purchaser who has lived or worked in the administrative County of Devon for the 3 years prior to the application for consent.
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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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 Moormead, Budleigh Salterton, EX9
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