2-bedroom flat · DT7 3DS
Sold STCListed 185 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well presented two bedroom first floor apartment with superb sea views and a garage situated in a popular elevated position on the eastern side of Lyme Regis.
This attractive first floor apartment enjoys an enviable southerly outlook with far-reaching views across the town towards The Cobb and Lyme Bay.
Forming part of a well-maintained purpose-built block in a desirable residential area, the building offers neatly kept communal areas and a shared entrance with staircase access to the first floor.
The property benefits from gas central heating, uPVC double glazing, and the added advantage of a garage. It is presented in excellent order throughout.
A private front door opens into the entrance lobby with fitted shelving, leading through to a spacious hallway.
From here, there is access to the loft (with ladder and lighting), an airing cupboard housing a Vaillant combi boiler, a built-in work surface with space for a washing machine beneath, and two further useful storage cupboards.
The main living space is a generous room with floor-to-ceiling patio doors opening onto the balcony, perfectly positioned to take in the impressive coastal and harbour views.
An inset electric log-effect fire provides a focal point, and there are TV and telephone points along with a large radiator.
A door leads into the recently fitted kitchen, featuring modern blue wall and base units, roll-edge work surfaces, inset sink and drainer, four-ring induction hob, built-in Neff microwave, Lamona oven, and integrated Bosch dishwasher.
There is also space for a fridge/freezer, and the room benefits from a uPVC double glazed window and tiled flooring.
The apartment offers two double bedrooms, with Bedroom 1 enjoying views towards The Cobb and Lyme Bay and fitted Hammond wardrobes and drawers.
Bedroom 2 is also a comfortable double with a radiator and uPVC window.
The modern shower room is fitted with a large walk-in shower with glass screen and panelled walls, WC, vanity unit with wash basin, heated towel rail, wall-mounted cupboards, and a demister mirror with integrated heater.
A frosted uPVC window provides natural light. Outside The property includes a garage located in a nearby block, fitted with a metal up-and-over door.
The balcony provides a delightful outdoor space with wrought iron balustrade and panoramic views over the town and coastline. Tenure & Services Share of Freehold.
The apartment is leasehold (193 years remaining) with the owners having a share of the freehold. No ground rent payable.
The current management/maintenance charge is £1,000 pa which covers Buildings insurance, Electricity for communal areas, Gardening, Maintenance of building. All mains services.
Gas fired central heating. EPC rating band D. Dorset County Council tax band B. No short term letting permitted. Broadband - Standard up to 11Mbps and Superfast up to 66Mbps.
Mobile phone service providers available are EE, Three, O2 and Vodafone for voice and data services inside and outside.
(Broadband and mobile phone information taken from Ofcom website Results are predictions and not a guarantee.
Actual services available may be different from results and may be affected by network outages).
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 Fairfield Park, Lyme Regis, Dorset, DT7
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