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See how verdicts work1-bedroom flat
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented studio flat in a highly convenient location in the centre of the town close to all amenities.
The property is light and airy throughout and finished with a contemporary design scheme giving an opportunity for any potential purchaser to move in without lifting a finger.
The flat would equally appeal to a first time buyer, investor or a holiday home. The sole agents highly advise an early internal inspection to avoid disappointment.
A doorway from Tarry's lane leads into a decked area that provides access to the property.
A front door leads into a spacious kitchen that is fully equipped with a comprehensive range of base and eye level units with matching drawers, stainless steel sink unit inset to work surfaces, space and plumbing for a washing machine, space for a gas cooker, space for a fridge freezer.
There is a wall mounted gas fired boiler in the kitchen and ample space for a sofa or chairs to form a living room.
Moving through the property you are welcomed with a light filled bedroom/living room with a window to the side elevation and ample space for a double bed and sizable furniture.
The bathroom is located to the rear of the property and the well-presented three piece suite comprises of a white panelled bathtub with extensive wall tiling and shower head over, heated towel rail, wash hand basin and WC.
EPC D, Council Tax - A Agent note: There is no lease formerly granted on this flat but there will be a new 999 year lease granted to the new buyer.
There is a peppercorn ground rent, in reality, it means that the leaseholder pays zero ground rent.
There is no service charge or sink fund but each flat contributes a share of any maintenance/improvements works required.
We understand there would be no restrictions on holiday or assured shorthold letting.
Water will be 1/3 of 103,103a and 103b From our High Street office in Ilfracombe proceed directly opposite up towards Tarry Lane.
The entrance for the property will found a short distance on your right hand side. Kitchen (3.9m x 3.6m) Living Roomx/Bedroom (3.4m x 2.8m) Bathroom 1.42m 2.87m
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
Agent & docs
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FAQ
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