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See how verdicts work3-bedroom flat · EX10 8HN
Listing removedListed 786 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious three bedroom apartment with private garden and garage and situated within walking distance of the town centre.
Summary This attractive three bedroom apartment is situated in a convenient location within a short stroll of Sidmouth’s town centre and seafront which offers an excellent range of facilities and bus services to the surrounding area.
Merrion is a detached property which was converted some years ago into two self contained garden apartments with Flat 2 being on the first floor and having a small easy to manage area of garden that enjoys a south westerly aspect.
Along side the area of garden is a single garage conveyed with this apartment.
Summary 2 The accommodation is spacious and well presented and benefits from having gas fired central heating and uPVC double glazed windows.
Approached via a wide external staircase, the front door opens into a large reception/dining hall which has a large airing/storage cupboard off along with access to the roof space via a sliding ladder.
The roof space is of a good size, has an electric light and is part boarded.
Summary 3 The spacious sitting room is dual aspect, being south and east and has a stone fireplace with space for an electric fire.
The kitchen enjoys a westerly aspect and comprises a range of matching storage units and worksurfaces and there is a freestanding electric cooker with ceramic hob and cooker hood over.
Summary 4 There is also space and plumbing for a washing machine, dishwasher and an American style fridge/freezer.
The three bedrooms are all of a reasonable size, the main bedroom being worthy of particular mention, enjoying a south and westerly aspect and has fitted wardrobes and storage cupboards.
Two separate shower rooms both comprise a shower cubicle, pedestal wash basin and WC and both have heated towel rails.
Outside The apartment shares its access driveway with the ground floor apartment, the driveway leads around to the rear of the building and gives access to a small garage block.
The left-hand garage is conveyed with this apartment which has an up and over door and measures 2.85m x 5.1m.
Adjoining this is the garden which is mainly paved and has adjoining well stocked shrub borders and has lots of space for pots and troughs.
The paved area has Astro Turf grass and makes a perfect area for a table and chairs.
Location ‘Merrion’ is situated at the very bottom of Knowle Drive and therefore via Station Road, the town and seafront are accessible by foot.
Station Road also provides a bus service to the surrounding area. Outgoings We are advised by East Devon District Council that the council tax band is E.
Tenure We are advised that the property is Leasehold, held on a term of 999 years from 1996. We further understand that the freehold of the building is owned jointly between the two apartments.
Maintenance We understand that the maintenance of the building and buildings insurances is split equally between the two apartments. The windows are the responsibility of each apartment owner.
EPC: D Possession Vacant Possession On Completion Ref: Dhs02428 Directions At the top of the High Street turn left into All Saints Road and continue to the mini roundabout opposite The Woodlands Hotel.
Turn right, proceeding through the pinch point and Knowle Drive will be seen immediately on the left. Merrion is the first property on the right. Viewing Strictly by appointment with the agents.
Important Notice If you request a viewing of a property, we the Agent will require certain pieces of personal information from you in order to provide a professional service to both you and our clients.
The personal information you provide may be shared with our client, but will not be passed to third parties without your consent.
The Agent has not tested any apparatus, equipment, appliance, fixtures, fittings or services and so cannot verify that they are in working order, or fit for the purpose.
A Buyer is advised to obtain verification from their solicitor and/or surveyor.
References to the tenure/outgoings/charges of a property are based on information supplied by the seller - the Agent has not had sight of the title documents.
A Buyer is advised to obtain verification from their solicitor. Items shown in photographs/floor plans are not included unless specifically mentioned within the sale particulars.
They may be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on a journey to view a property.
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
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FAQ
About Flat 2, Merrion, Knowle Drive, Sidmouth
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