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See how verdicts work2-bedroom flat · EX34 9QB
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This very light and spacious first floor flat enjoys a central and highly convenient position in the town centre, just moments from the High Street shops and within easy reach of the seafront and picturesque harbour.
Lidl and Co-op supermarkets are only a short stroll away, while the town also offers a wide range of quality restaurants, a theatre, the renowned Tunnels Beaches, an indoor soft play area and Café Bar Blue.
The scenic Torrs walk is also close by, providing access to superb coastal scenery.
The flat benefits from gas central heating and enjoys a sunny south-facing aspect, with plenty of natural light pouring through the large bay windows to the front during the day, while the rear of the property enjoys the evening sunshine.
A recently redecorated communal entrance hall with stairs leads up to the first floor, where there is a security intercom entry system and a private store room exclusively for this property.
On entering the flat, there is an immediate sense of space, with a wide hallway and useful storage cupboard, ideal for a hoover, ironing board and household items.
The lounge is an impressive 18ft x 14ft and features a full-height bay window with open views along the High Street and towards the Torrs.
The 15ft kitchen is fitted with a range of modern base and wall units and includes an integrated four-ring gas hob, electric oven, space for a dishwasher and fridge/freezer, and plumbing for an automatic washing machine.
The 20ft master bedroom has a bay window to the rear, offering a pleasant open outlook over the town and towards the Torrs. Bedroom two is also generously proportioned.
The bathroom comprises a modern white suite with bath and shower over, low-level WC and hand basin. The property is considered ideal as a first-time purchase, holiday home or investment opportunity.
An internal viewing is highly recommended to fully appreciate the size, light and convenient location on offer. Agents note The property is leasehold with the balance of a 999 year lease.
The ground rent is currently £50 per annum.
The flat is responsible for 25% of the outgoings for the building and the service charge, which includes maintenance of the common and external areas and buildings insurance is currently around £104 per 3 months.
We understand that there are no restrictions on letting the property and that pets are allowed. The flat is located above our offices in the high street.
Proceed on foot down the passage to the left of our office and the communal entrance is the first door down the passage.
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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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 Flat 1, 48, High Street, Devon
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