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See how verdicts work2-bedroom flat · EX12 2PA
Sold STCListed 265 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom apartment within a purpose built retirement apartment exclusively for the over 55s.
The property is equipped with a Careline emergency call assistance service, there is also a resident house manager on site at the development.
The building is a short distance from the sea front and the facilities on offer in the town. NO ONWARD CHAIN. Entrance - Intercom entry system for visitors.
Inside the lobby, there is access to the lift and stairs. Entrance Hall - Front door leading in hallway, two storage cupboards and ceiling light point. Doors to all accommodation.
Lounge - 4.53 x 3.59 (14'10" x 11'9") - Fitted with an electric fire set in a decorative hearth and mantle, storage heater, two ceiling light points and box bay window to front aspect.
Kitchen - 3.33 x 2.71 (10'11" x 8'10") - Fitted with a good range of matching wall and base units with worktop over incorporating a one and a half bowl sink and drainer unit.
Integral oven and hob, space and plumbing for washing machine, space for fridge freezer, extractor fan and ceiling light point.
Bedroom One - 3.9 x 2.85 (12'9" x 9'4") - Double bedroom with fitted wardrobe, window to front aspect, storage heater and ceiling light point.
Bedroom Two - 2.97 x 2.08 (9'8" x 6'9") - With storage heater, window to front aspect and ceiling light point. Shower Room - Fitted with a shower cubicle, pedestal wash hand basin and low level wc.
Tiled walls, wall mounted heater and ceiling light point.
General - Positioned in the heart of the town centre of Seaton, this two bedroom apartment is part of the Tanyards Court over 55's Retirement complex.
Tanyards Court is a delightful development of 32 one and two bedroom apartments which is well positioned within the beautiful seaside location of Seaton.
The nearest supermarket is a Tesco Superstore just a short distance from the property and there is a manager is on hand between 9am and 1pm Monday to Friday, to keep the development in perfect shape.
The building also benefits from an internal lift to all floors if required by residents. Tenure - Leasehold-Approximately 66 years remaining on existing lease.
Service charge approx £1383 every six months. Please enquire for further information.
Agents Note - Mobile phone coverage: For more information can be found checker.ofcom.org.uk Superfast broadband with a FTTC connection is available. Standard broadband with a ADSL is available.
(Source Openreach)
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 Beer Road, Seaton
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