2-bedroom flat · EX12 2AD
Sold STCListed 496 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious two bedroom apartment with flexible open plan living space.
Situated in the heart of the town, this property is a stones throw away from the beach and local amenities and benefits from allocated parking.
On entering the property, engineered wooden flooring flows throughout the living space and doors lead off to the accommodation within.
The open plan living/kitchen/ dining space is a sizeable room with two wooden sash windows looking out across the high street.
The modern kitchen has a matching range of base and wall units alongside a variety of integrated appliances and separate large storage cupboard.
Bedroom one is a good sized double room with two large windows looking out across the rear of the property and to the rolling hills in the distance.
This room also benefits from a fully fitted en-suite shower room.
Bedroom two is a sizeable double room benefitting from the same views as bedroom one as well as fitted wardrobes which span the entirety of one wall.
The main bathroom is fitted with a bath with shower overhead, concealed cistern WC, and hand wash basin. Outside: Reserved parking space in communal gated rear courtyard. Basement area for storage.
Tenure Lease: 999 years from June 2007 each apartment has 1/9th share of the freehold. Charges: £1800 per annum which includes the ground rent and buildings insurance.
Services: We are advised that mains drainage, water and electricity are connected.
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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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 5, De La Pole Court, Devon
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