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 flat · EX7 9AL
Listing removedListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Top-Floor One-Bedroom Flat in a Prime Town-Centre Location Occupying a desirable top-floor position, this delightful one-bedroom flat offers an impressive combination of space, natural light and convenience.
It is perfect for first-time buyers, investors, single occupants or couples looking for a stylish, low maintenance home close to everything the town has to offer.
The elevated position allows the property to enjoy excellent natural light throughout the day.
The bright and generously sized living room creates a welcoming space to relax or entertain, with plenty of room for both seating and dining furniture.
The modern kitchen is well designed and finished to a contemporary standard, providing ample storage and worktop space for everyday cooking.
The flat features a comfortable double bedroom with space for additional furnishings, along with a modern bathroom fitted with a clean, neutral suite.
Each room has been thoughtfully presented to maximise light and a sense of openness. A key benefit of this property is the private terrace, a rare and desirable feature for a town-centre flat.
This outdoor area is ideal for enjoying a morning coffee, unwinding in the evening or simply taking in some fresh air above the bustle below.
Situated in the heart of the town, the flat offers immediate access to a wide range of shops, cafés, leisure facilities, transport links and other amenities, making it ideal for those who value convenience on their doorstep.
The property is currently used as a successful holiday let, offering an attractive opportunity for investors.
Any interested buyer has the option to take ownership of the existing booking account, allowing a seamless transition of future bookings and income.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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FAQ
About 8b,, Old Town Street, Devon
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