3-bedroom property · EX9 6JZ
For saleListed 252 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lyme Cottage is a charming, beautifully presented link detached cottage situated just a short, level walk from the beach, coastal path and High Street of Budleigh Salterton.
‘Lyme Cottage’ is a unique property, being a renowned, landmark building in the heart of the town which has been tastefully converted, offering bright and contemporary accommodation that is easy to maintain.
The property affords flexible spaces that are future proofed by allowing single floor living, if required.
The quality kitchen and bathroom suites are sympathetic to the character of the cottage, whilst the reception rooms are large for a property of this type.
The vaulted sitting room is a highlight with a stunning bay window that provides sea views and a lovely aspect down towards the beach.
Through being on the first floor it affords a pleasant vantage point to watch the world go by with a stylish log burning stove as its centre piece.
The master suite enjoys the same aspect and benefits from the morning sun, a walk in dressing room and generously sized en-suite shower room.
Further notable assets for such a central location include its own private garden which is sheltered and enjoys the afternoon sun, plus a separate garage. All main services are connected.
Gas fired central heating. Double glazed windows throughout. Council Tax Band E.
Energy Performance Rating C 75/82 137 square metres internal floor area SPECIFICATION Ground Floor: * Entrance Hall * Utility Room * Separate W.C * Kitchen / Diner * Bedroom Two * Bedroom Three / Study * Bathroom First Floor: * Sitting / Living Room * Bedroom One *Dressing Room * En-Suite Shower Room Outside: * Courtyard Garden * Garage
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
Agent & docs
FAQ
About 1 Rolle Road, Budleigh Salterton, EX9
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