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See how verdicts work2-bedroom flat · EX7 0RX
No longer listedListed 182 days
Opportunity summary
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About
Detailed Description Superb sea views can be enjoyed from this purpose built ground floor flat with the benefit of its own patio area.
Offered in superb decorative order, the accommodation comprises; Entrance Hall, Living/Dining Room, Kitchen, 2 Bedrooms, Shower Room, En Suite Shower Room.
Private Patio Garden, Secure Underground Parking. Beautifully maintained communal garden. Tenure: Leasehold. Council Tax Band: D. EPC: E.
Location: Situated approximately one mile from Dawlish town centre, The Rockstone is a highly regarded and much sought after development.
Local shops, including a post office, are just a few yards along the road and there is a bus stop virtually outside the building.
A footpath to the rear of the building leads down to the sea wall and beach.
Accommodation: The well proportioned accommodation is offered in excellent condition having been decorated and updated in recent years with improvements including the fitting of a new kitchen and electric central heating.
The property is approached via the well kept communal hallway and the flat itself is entered into the reception hall which has a useful storage cupboard and doors to all rooms.
The sitting/dining room is a bright spacious room and is where the view can best be enjoyed with patio doors opening onto the patio.
The kitchen is well designed and fitted with a range of modern base and wall units with a built in oven and hob. Through the serving hatch the views of the sea can also be appreciated.
The two bedrooms are both comfortable double rooms with windows to the front aspect and the main bedroom has fitted wardrobes and an en-suite shower room with vanity unit and toilet with concealed cistern.
The bathroom is also fitted with a modern white suite including a walk in shower enclosure which replaced the original bath and both suites are finished with tiled walls Outside: The property has the benefit of it's own private patio with room for a table and chairs, it provides the perfect place to relax and enjoy this fabulous setting.
To the rear of the main building there are level, beautifully maintained communal gardens with several patio areas which also provide an ideal place to sit, relax and take in the glorious sea and coastline views towards Lyme Bay.
Parking: The Rockstone offers plenty of visitor parking and there is a driveway to the secure, underground parking area. Number 3 benefits from its own allocated parking space.
There is also a dedicated area for charging mobility scooters. Tenure: Leasehold with equal share of the freehold held by the residents of the apartments.
The current annual maintenance charge is approximately £2,800.
Measurements Sitting/Dining Room: 16'3" x 15'11" (4.95m x 4.85m) Kitchen: 9'10" x 7'9" (3.00m x 2.36m) Bedroom 1: 14'1" x 10'11" (4.29m x 3.33m) Bedroom 2: 12'2" x 10'8" (3.71m x 3.25m)
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.
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FAQ
About 3 Rockstone, Exeter Road, Dawlish
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