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See how verdicts work1-bedroom flat · TQ12 2TE
Listing removedListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
If you are considering embracing a relaxed and hassle-free lifestyle, look no further than this delightful ground floor retirement apartment located in the esteemed Hometeign House development.
Situated comfortably within walking distance of Newton Abbot's vibrant town centre and conveniently on a bus route, this ground floor gem offers both comfort and accessibility.
Upon entering, you will find a spacious lounge, a focal point of the home, with a floor-to-ceiling window and door. This provides direct access to the front area of communal gardens and driveway.
The new carpets that run throughout the property add a fresh touch to the tidy presentation.
Cooking will be a breeze in the well-appointed kitchen, fitted with a range wall and base units, a built-in oven with an electric hob, and accommodating space for an upright fridge-freezer.
Just down the hallway, the generously sized double bedroom awaits, offering ample built-in wardrobes providing practical storage solutions. The hallway also offers a useful storage cupboard.
The shower room has a white suite consisting of a walk, in shower, wash hand basin, WC, partially tiled walls, and a heated towel rail.
Additional communal facilities include a cosy residents' lounge with a small kitchen area, and a laundry room, perfect for fostering a sense of community among neighbours.
There is a small patio area, directly in front of the lounge ideal for sitting out and the superbly maintained communal gardens provide a quiet setting to enjoy the outdoors without having to worry about maintenance.
This property is being offered with no onward chain, making the buying process simpler and quicker.
The property is situated with a tuck-away charm, yet benefits from being just a short stroll to the local town centre where amenities such as shops, inviting cafes, and transport links including the nearby train station are readily accessible.
Another noteworthy feature is the absence of an onward chain, ensuring that your transition into this charming property is smooth and prompt.
Living here means embracing a quieter pace of life while still being in the heart of a thriving community. For those who enjoy exploring, Newton Abbot offers several delightful pursuits.
Enjoy a leisurely stroll around Decoy Country Park or discover the eclectic mix of local stalls at Newton Abbot’s traditional market.
The area also provides ample culture and fun, such as a visit to the iconic Stover Country Park or exploring the rich history of the Newton Abbot Town & GWR Museum.
General information Age Restrictions: Minimum age when sharing with someone who is over 60 is 55. Minimum age for single occupancy is 60.
Tenure: Leasehold Lease: 139 year from 1st September 1984 Management Company: Ground Rent E and M UK Ltd Review Period: Annually in March Service Charge: Currently £3,710 per annum Ground Rent: Currently £512 per annum No Sub Letting Allowed Existing Pets Allowed
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Hometeign House, Salisbury Road, Newton Abbot
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