2-bedroom flat · EX39 4FN
For saleListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Watkins Way is a spacious 2 bedroom ground floor apartment that offers spacious accommodation throughout with a modern fitted kitchen and bathroom.
The property has been successfully let over the past few years and would be ideally suited for a first time buyer or an investment buyer.
To the front of the property are communal gardens with the property having the advantage of an allocated parking space located at the rear of the property and a small balcony area Situation: Watkins Way is a popular residential development located on the outskirts of Bideford, the development is located approximately 1 mile from the town centre and quayside.
The coastal resort of Westward Ho! and the fishing village of Appledore are both within 3 miles and the regional centre of Barnstaple is approximately 9 miles.
The accommodation comprises: (All measurements are approximate) Communal Entrance Hall Entrance Hall Airing Cupboard with electric heater, further built in cupboard, Radiator Lounge/Kitchen - 26'9" (8.15m) x 11'2" (3.4m) 3 UPVC double glazed windows, UPVC double glazed French doors off, 2 double radiators.
Range of fitted base and wall cupboards with inset 1 1/2 bowl stainless steel sink, integrated oven hob and filter, extractor fan, plumbing for washing machine.
Cupboard housing Gas boiler feeding hot water and central heating Bedroom 1 - 11'9" (3.58m) x 11'4" (3.45m) Radiator, UPVC double glazed window Bedroom 2 - 9'5" (2.87m) x 7'5" (2.26m) Radiator, UPVC double glazed window.
Bathroom - 8'10" (2.69m) x 6'1" (1.85m) Fitted with a white 3 piece suite comprising modern panelled Bath with Mira Jump electric shower over, wash hand basin and close coupled WC, double radiator, UPVC double glazed window Outside Small enclosed Balcony area and Allocated car parking space.
Leasehold Details 125 Year lease from 1st January 2009 Ground Rent £225 PA Service Charge £1216.39 for the Year ending 31st December 2026 Directions Directions to Find: From our office, proceed along the quay with the river on your left.
At the mini roundabout, take the 1st exit across the bridge. At the next mini roundabout, take 1st exit onto B3233. Continue on this road for approx.
half a mile then take the right hand turning onto Manteo Way. Continue up the hill and take the 2nd left hand turning into the development.
Upon entering the development the block containing No 5 will be seen directly ahead Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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
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FAQ
About Watkins Way, Bideford
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