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See how verdicts work2-bedroom flat · EX23 8HH
For saleListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting opportunity to acquire this bright and spacious 2 bedroom top floor apartment, occupying an enviable position within easy walking distance of Summerleaze Beach, Bude town centre, the canal and the South West Coast Path.
The property forms part of an attractive period building comprising just five apartments and offers well-presented accommodation with plenty of natural light and character throughout.
The centrepiece of the apartment is the impressive open-plan lounge/kitchen/dining room, providing a generous and sociable space for everyday living and entertaining.
There are two well-proportioned double bedrooms, together with a contemporary bathroom fitted with both a panelled bath and separate enclosed shower.
Externally, the property benefits from an allocated parking space to the rear with EV charging point.
The superb coastal position makes the property ideally suited as a comfortable permanent home, second residence or long-term investment. Viewings Highly recommended.
The property enjoys a convenient and sought after central location within this popular coastal town set amidst the rugged North Cornish coastline being famed for its many nearby areas of outstanding natural beauty and popular bathing beaches providing a whole host of water sports and leisure activities together with many breathtaking clifftop coastal walks etc.
Bude itself supports a comprehensive range of shopping, schooling and recreational facilities with its 18 hole links golf course and fully equipped leisure centre etc.
The bustling market town of Holsworthy lies some 10 miles inland, whilst the Port and Market town of Bideford is some 28 miles in a north-easterly direction providing a convenient access to the A39 North Devon link road which connects in turn to Barnstaple, Tiverton and the M5 motorway.
Directions From our Bude office, proceed to the end of Queen Street and turn left into Princes Street.
At Belle Vue, turn right onto Morwenna Terrace and then take the left-hand turning into Summerleaze Crescent.
Continue for a short distance, where the property will be found on the right-hand side Communal Entrance Porch Communal Entrance Hall Second Floor Entrance Hall (6' 3" x 5' 8") Lounge/Kitchen/Diner (12' 4" x 25' 10") Bedroom 1 (12' 8" x 12' 8") Bedroom 2 (13' 9" x 11' 11") Bathroom (6' 3" x 8' 6") Outside To the rear of the building is an allocated parking space for the apartment, providing a valuable benefit in this central coastal location.
The parking space is also equipped with an EV charging point. Services Mains gas, electricity, water and drainage.
Tenure Leasehold with the balance of a 999-year lease and a one-fifth share of the freehold. The current service charge is understood to be approximately £75 per month.
Holiday letting and pets are prohibited.
Anti-Money Laundering Before any sale is formally agreed, we have a legal obligation under the Money Laundering regulations and Terrorist Financing Act 2017 to obtain proof of your identity and of your address, take copies and retain on file for five years and will only be used for this purpose.
We carry out this through a secure platform to protect your data.
Each purchaser will be required to pay £20 upon an offer verbally being agreed to carry out these checks prior to the property being advertised as sale agreed.
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 Apartment 3, 8, Summerleaze Crescent, Cornwall
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