We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · TQ14 8AQ
Sold STCListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Leander Court is a purpose built retirement block for those aged 55+ in a superb position between Teignmouth's seafront beach and river beach.
The development benefits from a lift to all floors, communal lounge, communal laundry facilities and communal sitting out area with social activities on offer for those who wish.
With a resident manager and Careline alarm system with pull cords in every room, Leander Court offers peace of mind and a safe and friendly community within a level stones throw of the town centre, post office and bus and rail links with Teignmouth beach almost on the doorstep.
Entering the apartment hallway there is a wall mounted electric heater and emergency pull cords (which are located in each room throughout the apartment).There is an airing/linen cupboard with shelving which also houses the ‘Ariston’ electric water heater and there is a further storage cupboard.
Doors lead off to the principal rooms.
The lounge is a particularly bright space with the abundance of natural light that shines through the bay window and there is space in the bay recess for a table and chairs.
The kitchen opens through from the lounge.
It is well presented and equipped with a range of base and wall mounted units, tiled splashbacks, single bowl stainless steel sink with inset draining board, four ring electric cooker with extractor hood above, integrated oven and grill, space for fridge/freezer and a washing machine.
There is a window to the rear allowing plenty of natural light.
The double bedroom is a great sized space with ample space for a double bed with a window to the side which allows plenty of light and a built-in wardrobe.
The recently fitted wet room has a low level flush WC, recessed wash hand basin with vanity unit below and an enclosure with an electric shower.
Tenure: Leasehold Service Charge: £3,659.87 pa Ground Rent: £100pa Council Tax Band B - £2,012.40 per year Lease 125 years from 1/01/1988 Broadband Speed - Ultrafast 1000 Mbps (According to OFCOM) Mains Services: Electric & Water MEASUREMENTS: Lounge/Dining Room 4.60m x 3.37m (15’01” x 11’01”), Bedroom 3.99m x 2.99m (13’01” x 9’10”), Kitchen 4.12m x 1.86m (13’06” x 6’01”), Shower Room 2.12m x 1.74m (6’11” x 5’09”) EPC Rating: C Communal Garden There is a communal sitting out area.
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 Strand, Leander Court Strand, TQ14
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