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 work1-bedroom flat · EX32 9FD
For saleListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 1 bedroom ground floor flat is available for over 55's only and enjoys a quiet and secluded position, yet remains conveniently close to all that Newport has to offer.
Just a short stroll away, you'll find a local shop, hairdresser, doctor’s surgery, dentist, and many more everyday amenities.
Barnstaple town centre is a short walk away, and the beautiful Rock Park is also easily accessible on foot.
As you approach the property, you'll be greeted by a large gated entrance providing access to private parking—with ample space for guests as well.
At the front of the property, there's room for a bench and small table. As you enter the property you come into a generously sized lounge, with a fire place where the back boiler is located.
The kitchen is a good space and has room to have a small dining room table. Unlike many one-bedroom flats, this home offers excellent storage solutions.
Two hallway cupboards provide ideal space for items such as a vacuum cleaner, ironing board, and other household essentials.
The main bedroom is well-proportioned and comfortably accommodates a double bed. It boasts an abundance of built-in storage.
The bathroom, although dated, has a fully functioning toilet, hand basin and bath tub.
If you're searching for a move-in-ready retirement home within a small, secure, and well-maintained gated community, this property ticks all the boxes.
From our office continue along Barbican Road and at the roundabout just past the Esso garage turn right into Victoria Road. Follow the road taking the 3rd turning on the left into Newport Road.
Carry straight on and just before the shops on the left, turn right into Abyssinia Terrace and Abyssinia Court will be accessed via a gateway which gives vehicular access to residents parking.
Lounge 4.62m x 3.43m Hallway Kitchen 2.92m x 2.36m Bedroom 1 3.3m x 2.95m Bathroom Tenure Leasehold - 978 year lease commencing 2009 Service Charge Vendors advise £95.00 per calendar month Services All mains services connected Viewing Strictly by appointment with the sole selling agent Council Tax Band A - North Devon District Council
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 Abyssinia Terrace, Barnstaple, Devon, EX32
Explore nearby
