1-bedroom flat · TQ14 8HW
For saleListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
As you enter the communal entrance, stairs rise to the communal hallway of this smart converted building.
The entrance to this apartment can be found on the first floor and there is no apartment above or below.
On entering the apartment, there is an entrance hall with security entry phone system and a very useful large walk in storage cupboard.
The lounge and dining area is combined and there is another large storage cupboard with shelving.
The open plan design leads to the modern fitted kitchen with a range of base and wall units with stainless steel sink with mixer tap over.
There is an integral electric oven and grill, inset four ring electric burner with extractor hood over as well as an integrated fridge and washer/dryer.
There is a good sized double bedroom with plenty of space for a large double bed and furniture with bed and furniture included in the sale.
The well equipped shower room houses a shower cubicle with fitted electric shower, a large feature fitted wall mirror, close coupled WC, pedestal wash hand basin, heated towel rail and extractor fan.
All of the windows are double glazed sash windows with fitted shutters overlooking the rear. There is electric heating. At the rear of the building there is a secure bin store used by the residents.
As you step out of Evelyn House, you are directly in the the town centre with an array of shops and cafe's on the doorstep.
The beach and town amenities are a stones throw away and this apartment is ideally located for the town's good rail and transport links.
MEASUREMENTS - Lounge/Diner 4.59m x 2.57m (15’01” x 8’05”), Kitchen 2.47m x 1.39m (8’01” x 4’07”), Bedroom 3.58m x 2.69m (11’09” x 8’10”), Shower Room 2.40m x 1.45m (7’10” x 4’09”).
Tenure - Leasehold - 199year lease from 2007. Service Charge - £1477.37pa Ground Rent - £75pa. Council Tax Band - A - £1724.91 per year.
Mains Services - Water and Electric Broadband Speed- 1000Mbps (according to OFCOM) EPC Rating: D
Value & comps
No previous sales on record.
Returns
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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
FAQ
About Wellington Street, Evelyn House, TQ14
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