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See how verdicts work2-bedroom flat · EX23 8BN
For saleReduced £12k (−5.2%) on 25 SepListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the most central position, Flat 7 enjoys immediate access into the Town, with shops less than a few hundred yards away.
Summerleaze Beach, Bude Canal and Bude Golf Course are also within minutes from your front door.
The accommodation comprises; a dual aspect open plan living/kitchen/dining room with integrated appliances and engineered oak floor. Two double bedrooms and a family bathroom.
The flats position, a former bus depot and cinema, enables residents to enjoy convenient central living and is ideal for those looking to be less car dependent.
Whether it’s a main residence you’re looking for or a second home to enjoy all that Bude has to offer.
External staircase An external metal staircase on to the raised terrace leads to the front door, with space for storage unit under.
Entrance hall Entering the property via a composite door into the inner hallway, stairs ascend to the first floor, useful storage cupboard, engineered oak flooring and door to living room.
Open plan living/kitchen/dining room 16' 10" x 11' 0" (5.13m x 3.35m) Living Space 9'3 x 8'1 A bright and spacious dual aspect living room with sash windows to the front and rear elevations and engineered oak flooring throughout.
The kitchen is fitted with a range of matching wall and base units with worksurface over, inset stainless steel sink with mixer tap.
Built in appliances comprise; electric oven and hob with extractor over, fridge and freezer, dishwasher and cupboard for the combi boiler.
Bedroom one 11' 6" x 10' 1" (3.51m x 3.07m) A double principal bedroom with sash window to the front elevation, bedroom two 13' 9 (Max))" x 7' 4" (4.19m x 2.24m) Another double bedroom with sash windows to the rear elevation.
Family bathroom 6' 3" x 5' 6" (1.91m x 1.68m) Fitted with a panel enclosed bath with glass shower screen and mains fed shower, wall mounted wash hand basin with chrome mixer tap and low flush WC with enclosed cistern.
Attractive tiles to the floors and splashback, Velux window, inset spotlights and extractor. Tenure Leasehold, balance of 999 year lease which commenced 27th November 2024.
Services All mains services are connected. Council tax Band A service charge and ground rent tbc
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
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FAQ
About Flat 7 The Depot, Lansdown Road, Bude
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