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See how verdicts work1-bedroom flat · TQ12 2TE
For saleListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One Bedroom Retirement Apartment – Hometeign House, Newton Abbot Situated in the heart of Newton Abbot town centre, this well-presented one-bedroom retirement apartment, benefiting from new carpets throughout , offers comfortable, low-maintenance living within the popular Hometeign House development.
Ideally positioned for easy access to local shops, supermarkets, cafés, restaurants and transport links, the property is perfect for those looking to enjoy independent living with the added benefit of communal facilities and a welcoming community atmosphere.
The accommodation is accessed via an entrance hallway with a useful built-in storage cupboard, leading through to a bright and spacious lounge.
This comfortable living area benefits from a large window allowing plenty of natural light to fill the room, together with an attractive contemporary electric fireplace creating a cosy focal point.
The newly fitted carpets provide a fresh and welcoming feel throughout the apartment.
An archway from the lounge leads into the fitted kitchen, which features a range of wood-effect wall and base units with contrasting worktops and tiled splashbacks.
Integrated appliances include an electric oven, hob and extractor hood, with further space for a fridge/freezer.
The generously proportioned double bedroom enjoys a pleasant outlook through a large window and benefits from a built-in wardrobe, providing convenient storage.
Completing the accommodation is a modern shower room, thoughtfully designed with accessibility in mind.
Features include a walk-in shower with fitted seat and grab rails, a wash hand basin with vanity storage, WC, easy-clean, grout-free wall panels and heated towel rail.
Hometeign House offers a range of excellent communal facilities designed to provide residents with both convenience and opportunities to socialise.
These include a spacious and welcoming residents' lounge, ideal for meeting neighbours and enjoying organised activities, a communal kitchen and a well-equipped laundry room.
The development enjoys a highly convenient central location, with Newton Abbot's wide range of amenities close at hand.
The town offers a variety of independent shops, national retailers, cafés, healthcare facilities and leisure opportunities, together with excellent public transport connections, including bus services and a mainline railway station.
This lovely apartment presents an excellent opportunity for those seeking a relaxed and independent retirement lifestyle, combining the privacy of their own home with the reassurance and social benefits of a dedicated retirement development.
With new carpets throughout, the property is ready for its next owner to move in and enjoy. Early viewing is highly recommended.
Measurements Lounge – 17'5" x 10'5" (5.31m x 3.18m) Kitchen – 7'2" x 5'5" (2.18m x 1.65m) Bedroom – 11'4" x 8'9" (3.45m x 2.67m) Bathroom – 6'7" x 5'4" (2.01m x 1.63m) Important Information Broadband Speed Ultrafast 1000 Mbps (According to OFCOM) Teignbridge Council Tax Band A (£1809.85 2026/2027) EPC Rating TBD Mains Electric, Water and Sewerage Supplied The Property is Leasehold Service Charge = £2,589 to be paid in two instalments.
Ground Rent = £454 also paid in two instalments.
Lease 99 years from 01/09/1984 Age Restrictions: Hometeign House is a retirement development with a minimum age requirement of 60 years for single occupancy .
Where the apartment is occupied by two people, one resident must be aged 60 or over, with the second resident being a minimum of 55 years of age. Parking - Off street
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 Salisbury Road, Hometeign House Salisbury Road, TQ12
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