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See how verdicts work1-bedroom flat · TQ12 2NN
Listing removedReduced £5k (−3.6%) on 1 JulListed 449 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation A charming and well-presented first-floor apartment, accessed via a timber communal entrance porch with tiled flooring that opens into a welcoming hallway with laminate flooring.
The apartment door opens into a private entrance lobby with stairs rising to the first-floor landing, which provides access to all rooms.
The kitchen is fitted with a modern range of matching wall and base units, complementary work surfaces, tiled splashbacks, and an inset sink with mixer tap beneath a UPVC double glazed window.
Appliances include an integrated single oven, induction hob, and extractor fan, with plumbing and space for white goods. The wall-mounted boiler is housed within a kitchen unit.
The bathroom features a white three-piece suite comprising an electric shower with glass sliding doors, a pedestal wash basin with vanity mirror, shaving point, and a low-level WC.
Linoleum flooring and tiled surrounds complete the space, along with a UPVC obscured window and central heating radiator.
The bedroom is positioned at the rear, with a UPVC double glazed window, central heating radiator, feature fireplace with timber surround, and ample power points.
The lounge is situated at the front of the property and benefits from timber-framed sash window, central heating radiators, media and power points, a picture rail, and another feature fireplace with a timber surround.
Externally, the front garden features a pathway with stone chip surround, hedgerow border, and steps leading to the entrance porch.
To the rear, there is off-road parking for one car, raised flower beds, and steps up to a private garden.
The outdoor space includes a stone-chipped courtyard area, mature shrubs and bushes, a paved pathway, and a timber storage shed, all enclosed by fencing for privacy.
Agents Notes The property is being sold chain-free, subject to probate. The previous owner was the freeholder and has since passed away.
A new freehold is currently being created, which will provide a 50/50 shared freehold between both apartments with a shared service charge to be confirmed.
Extensive internal and external improvements have been made, including new carpeting and painting throughout.
External works shared between the two apartments include updates to the roof, fascias, and guttering.
Viewings To view this property, please call us on or email and we will arrange a time that suits you. Services Mains Electricity. Mains Gas. Mains Water. Mains Drainage.
Local Authority Teignbridge District Council
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
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FAQ
About 1,Flat 2, Chelston Road, Newton Abbot
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