2-bedroom flat · EX8 2BB
Sold STCListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description This top floor apartment sits in one of this popular coastal town's most prominent locations.
Its elevated position, a 100 or so yards from the beach, affords quite wonderful sea and coastal views. This purpose built block benefits from a lift.
The current owners have reconfigured and refreshed the accommodation which is beautifully presented. The open plan kitchen/dining/sitting room leads to a south facing balcony.
The modern kitchen is fitted with a range of units, double Lamona oven with ceramic hob, as well as integral fridge/freezer and dishwasher. There are 2 bedrooms, served by a modern shower room.
There is a separate cloakroom with utilities. The apartment has the added benefit of underfloor heating throughout the property.
A single garage is accessed in the courtyard, where there are several visitors parking spaces. Overall, this apartment offers easy and comfortable living in a prime location close to amenities.
Situation Ideally situated at the mouth of the River Exe, Exmouth is surrounded by the beautiful Devon countryside, yet is only twelve miles by road or rail from the Cathedral City of Exeter, with its Intercity railway station, airport, connection to the M5 motorway and all major shops and facilities.
The town of Exmouth boasts over three miles of golden sands and a huge estuary and east Devon coastline, including excellent facilities of Woodbury Park Golf and Country Club.
A range of other amenities, including boating, sailing, water skiing, walking, modern sports centre, swimming pool and marina are all available.
Exmouth has its own thriving shopping centre and a variety of restaurants and other leisure opportunities. Directions From Exeter and the M5, take the A376 Exmouth road.
In the town, follow the signs to the seafront. Turn left on to the Esplanade, and at the first roundabout turn left onto Carlton Hill, and take the second left into Louisa Place.
The apartment block is the first on the left hand side. What3Words ///sage.plug.finely SERVICES The vendor advised the following: Mains electricity, water and drainage.
There is an electric boiler serving the central heating and hot water system. The property also has the benefit of dry underfloor heating in all rooms. Telephone landline not currently in contract.
Broadband: There is open reach to all of the flats with an access point outside the flat. The estimated standard speed: 15Mbps, superfast: 49Mbps and Ultrafast: 1800Mbps.
Mobile Signal: Several networks currently showing as available at the property including O2, EE, Three, Vodafone.
AGENTS NOTE The vendor has advised that the property has the benefit of a 199 year lease from 19 November 2001 to 29 September 2200.
The sellers also advise they own a 1/19th share of the freehold. The ground rent charge is included within the service charge due to it being owned by the leaseholders.
There is a charge of £2,200 pa which covers the cost of management fees, cleaning of communal areas and lighting, lift and fire and garden maintenance.
The cost of building insurance is also included within this. This is payable to Bradleys Estate Management (Co. number 01085312). There is a covenant for the property to state no pets are allowed.
The property sits within Exmouth conservation area.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
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